New Mastercard-Enza Partnership to Fuel Fintech Innovation Across Africa
The number of fintech companies in Africa has nearly tripled since 2020. Many fintech innovators are embedding payment services into broader solutions to improve financial access.
Pesa acquires UK EMI, Authoripay Emoney to begin Europe expansion
Pesa announced its acquisition of Authoripay Emoney Ltd to expand its remittance services. The acquisition will add $80 million in annual transactional volume to Pesa's platform.
MTN to spin off Uganda fintech pending regulatory and shareholder approval
MTN Uganda's fintech division is becoming a standalone entity to pursue growth and investment opportunities. The spin-off aligns with MTN Group's strategy to separate fintech units across Nigeria, Ghana, and Uganda by mid-2025.
Nigerian startup, Allawee, wants to restore fintechs’ confidence in cards
Nigerian fintechs have been moving away from foreign card schemes due to economic pressures and increased bank transfer usage. Allawee is building infrastructure to help fintechs issue cards, including partnerships with companies like Piggyvest, Nomba, and Carbon.
Cross Switch Expands to Kenya with Pesawise Partnership
Cross Switch has officially launched operations in Kenya through a strategic partnership with Pesawise. The partnership gives Cross Switch direct access to Kenya's growing digital payments market.
