Nairobi — Cybercrime networks are scaling rapidly across Africa, reusing infrastructure, digital platforms and cross-border tactics to outpace fragmented enforcement systems. Increasingly, these groups operate like coordinated enterprises, exploiting gaps between jurisdictions to expand fraud operations far beyond national borders. A recent crackdown under Operation Red Card 2.0 shows how that trend is being challenged….
Convera, a global leader in commercial payments, today announced a new strategic collaboration with Ripple, a leading provider of blockchain-based enterprise solutions across traditional and digital finance, to offer crypto-enabled payment and treasury solutions for businesses. “With the growing presence and use of digital currencies such as crypto and stablecoins, Convera has maintained a thoughtful…
China-based fintech platform XTransfer is accelerating its expansion into Africa after recording more than 300 per cent growth in the region last year, as small and medium-sized enterprises (SMEs) increasingly seek faster and cheaper ways to handle cross-border trade payments, according to a senior leader at the firm. With trade between Africa and global manufacturing…
Kerissa Varma, Microsoft Africa chief security advisor. (Image: Supplied) Microsoft’s Digital Crimes Unit (DCU) is playing an increasing role in disrupting cyber-criminal networks that target African organisations, financial institutions and public sector entities, says the company. The team of legal, technical and investigative experts and threat hunters is central to Microsoft’s global strategy to disrupt…
Johannesburg, S. Africa — With cross-border payments still facing obstacles in sub-Saharan Africa, experts and industry practitioners have voiced hope that the attention the issue received at the G20 summit in South Africa will translate into practical reforms. “We need simplified and harmonized regulations that keep up with technology. That would make transactions faster, cheaper…
The Lagos Chamber of Commerce and Industry (LCCI) has declared that Kenya and Nigeria is collaborating intentionally to develop cross-border production networks, industrial corridors, and investment partnerships that would reflect both countries strengths. This declaration was made yesterday by the President of LCCI, Mr. Gabriel Idahosa, during the first “Kenya-Nigeria Trade and Investment Conference” that…
PAPSS, developed by the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables instant, low-cost payments in local currencies between African countries. FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is thrilled to announce the successful integration of the Pan-African Payment and Settlement…
Emanuela Saccarola. Image: LinkedIn The successful modernisation of a country’s domestic payments infrastructure onto faster, instant payment rails like South Africa’s PayShap does not always translate into similar success in the cross-border payments space – and regulation is often a bottleneck. Speaking to TechCentral in an interview on Wednesday, Emanuela Saccarola, head of global cross-border…
The threat of a terrorist blockade of Mali’s Kayes and Nioro towns would be disastrous for all three countries. Western Mali, bordering Mauritania and Senegal, is increasingly a target for terrorist attacks. Given the strategic importance of this area for the three countries’ economies and security, strengthened cooperation is essential to curb the growing threat….
TLDR Africa has launched its first pan-African payment card system, PAPSSCARD, aiming to cut dependence on foreign card networks The PAPSSCARD is a joint venture by Afreximbank, the Pan-African Payment and Settlement System (PAPSS), and Mercury Payment Services (MPS) PAPSSCARD will be usable across national borders, reducing the cost of intra-African trade and payment transactions…
