Tag: Digital payments

Cross Switch launches Absa Pay in South Africa
BusinessTechnology

Cross Switch launches Absa Pay in South Africa, expanding digital payments

Cross Switch has launched Absa Pay in South Africa, expanding its payments offering as demand grows for secure, bank-authenticated checkout options across the country’s fast-developing digital economy. The rollout gives merchants a new way to process payments that keeps transactions within a trusted banking environment.  The launch comes as South Africa’s e-commerce market continues to expand, supported by rising smartphone…

Oluwatosin Alao Oluwatosin Alao
Visa and SWAM team up with AI to protect Moroccan digital and card payments.
BusinessTechnology

Visa and Switch Al Maghrib join forces to fight payment fraud in Morocco

Morocco is moving to strengthen its digital payments system, as Visa and Switch Al Maghrib (SWAM) announce a partnership aimed at reducing electronic payment fraud. The collaboration uses artificial intelligence to detect suspicious activity, reflecting the country’s push to make cashless transactions safer and more reliable.  Over the past few years, electronic payments in Morocco have grown steadily. Rising consumer…

Oluwatosin Alao Oluwatosin Alao
Visa and Bank of Abyssinia expand partnership to boost digital payments
BusinessTechnology

Visa teams with Bank of Abyssinia to drive Africa digital finance

Global payments company Visa Inc. is deepening its presence in East Africa with a renewed agreement with Bank of Abyssinia, a move aimed at widening access to digital payments in Ethiopia.  The deal comes at a time when Ethiopia’s financial system is changing quickly. More people are using smartphones, regulators are opening the sector, and businesses are looking for faster,…

Oluwatosin Alao Oluwatosin Alao
PayPal commits $100 million to expand digital services and support entrepreneurs in Africa and the Middle East.
BusinessTechnology

PayPal invests $100 million to grow digital reach in Middle East  and Africa

At a Glance PayPal Holdings is expanding its footprint across the Middle East and Africa with a $100 million investment aimed at driving digital innovation, supporting entrepreneurs, and widening access to online commerce.  The move highlights the company’s growing focus on regions experiencing rapid growth in digital payments and e-commerce. The investment will be deployed through a mix of minority…

Oluwatosin Alao Oluwatosin Alao
Top 7 biggest fintech companies in Africa
Hot NewsTechnology

Africa’s $1.1 trillion mobile money surge pushes continent to global fintech forefront

Africa processed $1.1 trillion in mobile money in 2024, accounting for 74% of global transactions and fueling digital economic growth.

Feyisayo Ajayi Feyisayo Ajayi
Top 7 fintech companies in Africa
Hot NewsTechnology

Top 7 biggest fintech companies in Africa

Fintech companies are transforming Africa’s financial landscape, driving inclusion and enabling economic growth across the continent

Timilehin Adejumobi Timilehin Adejumobi