Fintech News in Africa
Fintech Companies in Ghana
MTN Opens API for developers
Credit: http://ghanatrade.com.gh MTN Ghana is positioning itself strategically to consolidate its lead in the data market by opening up more platforms for App Developers to come up with locally relevant apps for a soon-to-be-launched MTN App Store on the MTNPlay...
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Africa’s Fintech Ecosystem Raised $320m And Grew 60% In Two Years
Source: https://www.forbes.com Africa's fintech companies have raised $320 million in funding since January 2015 and the ecosystem has surged 60% in the last two years. The continent's fintech firms have grown to 491 from 301 in 2017, while the $132.8 million raised...
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SA’s oldest buy-aid organisations adopt new payments platform
Source: https://bizcommunity.com A new payments services platform called Co-Switch aims to open up the buy-aid market to both consumers and retailers, and it's currently being introduced to Cape Consumers and Iemas' members and retail partners. Cape Consumers, under...
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BoG to license fintech firms
Source: businessworldghana.com THE Bank of Ghana (BoG) says it is engaging the financial services industry and seeking views to inform the operationalisation of the Payment Systems and Services Act, 2019 (Act 987). The engagement, based on the Act,will according to...
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Soften regulations for fintechs to thrive—VP BAWUMIA URGES BOG
Source: ghana.gov.gh The Vice President of the Republic of Ghana, Dr Mahamudu Bawumia, has urged the Bank of Ghana not to overly deploy regulations to tie the hands of Financial Technology (Fintech) players when drafting the Payment System Bill in order to free up...
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Payment Systems and Settlement bill to transform fintech space
Source: graphic.com.gh The passage of the Payment Systems and Settlement bill by Parliament last Thursday is expected to stir up innovation in the financial sector space as Ghanaians move closer to the use of digital platforms for transactions. Unlike previously where...
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Mobile money transactions hit GH¢52.35 billion – BoG
Credit: Godwill Arthur-Mensah, GNA Accra, May 10, GNA - Mobile money transactions have increased by about 177 per cent between 2013 and March 2018, reaching GH¢312. 93 million and valued at GH¢52.35 billion transactions in March this year, Dr Ernest Addison, the...
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Siemens to Acquire ESTEQ to Accelerate Digitalisation for Customers in Southern Africa
Credit: https://thefintechtimes.com Siemens Digital Industries Software has announced that it has signed an agreement to acquire assets of ESTEQ. “Through the acquisition of ESTEQ, Siemens Digital Industries Software will now have a direct presence in the South Africa...
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Adyen Expands its Global Payment Offering to Africa
Credit: https://thefintechtimes.com Adyen, the payments platform, has announced the expansion of its network to a number of major African markets, further increasing its capability to offer key payment methods around the world through a partnership with Cellulant –...
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Mobile payment technology is giving millions of Africans access to cheap and clean energy
Credit: https://thefintechtimes.com Mobile payment technology is giving millions of Africans access to cheap and clean energy by allowing them to stagger payments rather than paying hefty sums up-front. An estimated 16 percent of the world’s population – 1.2 billion...
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