Home to a string of popular FinTech unicorns and pan-African payment giants like Flutterwave, Interswitch and OPay, Nigeria’s tech startups often steal the headlines. However, the budding financial technology in Côte d’Ivoire is an indication that Nigeria is not the only country in West Africa...
African money transfer service M-Pesa has debuted bill pay interoperability that lets Airtel and Telkom customers make mobile money payments directly into Safaricom’s M-PESA Pay Bill Numbers. The move comes in the wake of the company’s announcement in April that allowed Kenyans to make mobile...
After years of sustained growth, the mobile money sector in Africa is changing. Up until recently, mobile money has been seen as a substitute for cash and a convenient way to transfer money without the need for a bank account. But mobile money networks are...
In June, Ghana’s central bank launched GhanaPay, a mobile money wallet for savings and loans companies and banks, including rural and community banks. Developed through a collaboration between local banks and the country’s central bank, the Bank of Ghana (BoG), the new platform is expected...
Splitit is partnering with contactless pay and customer engagement solutions firm Everyware in order to add Splitit’s Installments-as-a-Service platform to Everyware’s Pay By Text platform, according to a press release emailed to PYMNTS Thursday (June 23). This will see Everyware integrating Splitit’s services to deliver...
“M-Pesa is a barometer of what’s happening in the [Kenyan] economy and how customers are behaving.” That description by Peter Ndegwa, CEO at Nairobi-based tech firm Safaricom, sums up the local dominance of the company’s pioneering mobile money transfer service, considered one of the most...
When a car is in the shop, customers and service advisors alike benefit when they have access to instant communication and fast payments. For customers, this technology delivers transparency and speed, which are two of the things they want most when their car is being...
Imagine a fashion influencer with millions of YouTube subscribers who is trying to monetize her online content and at the same time purchase a Spotify subscription to download the latest hit Rihanna song. Normally, the individual’s location would be irrelevant to completing the process, and...
Customers shopping at Australian retailers Woolworths and Big W will now be able to pay with QR codes, according to a Yahoo Finance report Wednesday (May 11). The payment system is called Everyday Pay and will work alongside Woolworths Everyday Rewards, which is done through...
