African banking groups embrace PAPSS

PAPSS, the Pan-African Payment and Settlement System, has announced the signing of Memorandums of Understanding (MOUs) with five African multinational commercial banking groups: Access Bank Group, Ecobank Group, KCB Group, Standard Bank Group, and UBA Group. These...

Unlock Africa’s e-commerce potential with alternative payments

Africa is projected to have more than half a billion e-commerce users by 2025. In part, this can be attributed to the growing adoption of alternative payment methods in the wake of the pandemic. With 45% of the population in sub-Saharan Africa not having a bank...

Ecobank, PAPSS partner on cross-border payment

Ecobank Group and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate settlement of Ecobank’s cross-border transactions, including the transactions of all its subsidiaries, through PAPSS. The held...

Sefalana offers interruption-free trading with satellite

Sefalana is Botswana’s second-largest food retailer. As a multinational FMCG retailer, it operates over 1200 stores across the African continent. When Sefalana required failsafe internet connectivity to underpin its trading and business communications, the...

Bill Gates shares optimism about Nigeria’s future

At a forum with students and young innovators from Nigeria and across Africa, Bill Gates, co-chair of the Bill & Melinda Gates Foundation, discussed how science and innovation can accelerate positive change and contribute to a brighter future for Africa. The...

Visa launches Africa Fintech Accelerator

Visa has launched its new Visa Africa Fintech Accelerator program to help enable Africa’s expanding start-up community through expertise, connections, technology, and investment funding. The Visa Africa Fintech Accelerator will enable up to 40 start-ups each year to...