Interswitch Group, has reaffirmed its commitment to advancing a seamless and inclusive financial ecosystem across the African continent by advocating for a trust-driven infrastructure that will boost Africa’s cross-border payment. The company made the call during its recently concluded Inclusive Fintech Forum 2026, which held at the Kigali Convention Centre, in Rwanda. Speaking during the…
Orca Fraud has raised $2.35 million in seed funding to expand its real-time fraud monitoring platform across Africa and other emerging markets. The round was led by Norrsken22 with participation from OneDayYes, Enza Capital and CV VC Africa. Founded by Thalia Pillay and Carla Wilby, the company provides software that monitors financial transactions in real…
NjiaPay has raised $2.1 million in seed funding to expand its payment orchestration platform across Africa, which was led by Newion. The company said the capital will be used to expand engineering and commercial teams, strengthen integrations and scale operations across the continent. NjiaPay was spun out of Talk360 in Dec. 2024 as a standalone…
Electricity has been restored to the Nigerian High Commission in Pretoria, South Africa, after the diplomatic mission settled outstanding municipal service debts, the City of Tshwane announced. The power supply was disconnected on Monday by the City of Tshwane as enforcement action over unpaid utility bills owed by the Nigerian High Commission. The move was…
Mpho Sadiki, MD for Payfast Whereas merchants and industry usually push digital innovation, consumers are driving merchants to innovate in online payments. The proliferation of digital tools is upending the online payments space, with consumers now driving the pace of innovation by forcing merchants to adopt their preferred payment methods instead of the other way…
Graphic: Xsolla Xsolla, a global video game commerce company that helps developers launch, grow, and monetize their games, today announced the expansion of Airtel Mobile Money as a local payment method to include Tanzania and Madagascar. This growth builds on Xsolla’s existing Airtel Mobile Money coverage in Africa, extending secure, mobile-first checkout experiences to more…
Advancing Cross-Border Payments At the — inaugural Pan-African Payment and Settlement System (PAPSS) COWRY 2025 Participants Forum, held in Lagos, Nigeria. The event brought together policymakers, regulators, financial institutions, and payment experts to explore pathways toward “Building an interoperable and sovereign African payment ecosystem for trade and economic growth.” In alignment with the theme, discussions…
Omolabake Fasogbon The need for Africa to take charge of its own data, and emerge as leading exporter of technology for digital expansion has been reiterated at the FITC Fintech Nigeria Technovation Conference in Lagos. The conference, themed, “Innovation as a Catalyst: Reshaping Cross-Sector Collaboration,” brought together fintech disruptors, policymakers, investors, and industry trailblazers to…
The total transaction value increased from $775.7 billion in 2020 to $1,980.6 billion in 2024. Over $1.9 trillion worth of instant payment transactions took place in Africa in 2024, according to the State of Inclusive Instant Payment Systems (SIIPS) Report released on Thursday. The annual report, produced by the AfricaNenda Foundation in partnership with the…
Remember walking into a grocery store 15 years ago? You’d see a mix of people at the till, some with cash pulled from purses or wallets, others with cheques or debit cards, often leading to clunky delays at checkout. There was no tap-to-pay, no mobile wallets and no seamless apps linking bank accounts to phone…
