Nigeria is having a tough time switching over to some new paper currency. The Financial Times (FT) reported Friday (Feb. 3) that a shortage of the new bills has led to long lines at banks and ATMs, fights, limits placed on withdrawals, closed bank branches and a...
Fintiv and Geoswift have partnered on enabling cross-border remittance payments into Asia. The collaboration — which brings together Fintiv’s mobile commerce platform and Geoswift’s payment technology and Asian cross-border payments expertise — will allow the remittances to be made through Fintiv’s mobile wallets, the companies...
Nokia will deploy new digital infrastructure connecting Southern and Eastern Africa. The Finnish telecommunications company announced on Thursday (Feb. 2) that it has been selected by the pan-African technology group Liquid Intelligent Technologies (LIT) to deploy an optical transport network connecting Kenya, Uganda, Rwanda, the...
Europe’s airlines are bouncing back from the pandemic-induced collapse of international travel. At least, some of them are. In a recently published trading update, British low-cost airline EasyJet announced an increase in passenger count to 5.43 million in December, representing a “load factor” of 87%....
Small- to medium-sized businesses have been hobbled on a global stage. The lure of eCommerce is that digital channels level the playing field for…well, just about anyone. Theoretically at least, smaller firms should be able to compete with even the largest of eCommerce juggernauts if...
Payments firm Fiserv has won approval to expand its offerings in Singapore. The Monetary Authority of Singapore (MAS) has granted Fiserv a Major Payment Institution (MPI) license, allowing it to provide cross-border money transfer services and real-time account transfers, Fiserv announced in a Monday (Jan....
The Kenyan government is pushing for a nationwide digital ID scheme. But the years-long implementation so far has been beset with complications. The government’s attempts to create a nationwide ID scheme go back years, following close to two decades of consolidating data from different population...
Atlantic Money has accused international money transfer service Wise of stifling competition. In a statement on its website on Friday (Jan. 27), the foreign exchange (FX) startup expressed its frustration at being delisted from Wise’s price comparison service, which allows consumers to compare the cost...
FinTech Optasia, Ecobank and MTN are partnering to launch a mobile money microloan service in Guinea. In a Thursday (Jan. 26) press release, the Dubai-based FinTech announced that the services will be offered to MTN’s subscribers in the country under the Ecobank product name “Prêt...