Safaricom

Visa unveils first innovation hub in Africa to drive product development

Global digital payments giant Visa has opened an innovation studio in Kenya, its first in Africa and sixth globally, after posts in Dubai, London, Miami, San Francisco and Singapore. The studio will b

Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans

Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. They are responsible for communication between banks and fintechs to settle transactions for cons

MTN Uganda introduces overdraft facility as it steps up competition in digital lending space

Africa’s mobile-money sector remains the most active of any region in the world, according to GSM Association (GSMA), an umbrella body representing the interests of players in the telecommunications

Mobile overdraft facility Fuliza outshines Silicon Valley-backed lending apps in Kenya

A digital mobile overdraft facility christened Fuliza by Kenya’s biggest telco Safaricom Plc is giving the country’s popular loan apps a run for their money barely three years after its launch. Fu

Insurtech, on the heels of a fintech boom, heats up in Africa

Insurance in Kenya and Africa at large remains a marginal product, with levels of penetration across the continent half the world average as a percentage of GDP, and premiums per capita 11-fold lower

Interswitch to revive its Africa venture fund, CEO confirms

Pan-African fintech company Interswitch plans to fire up its corporate venture arm again — according to CEO Mitchell Elegbe — who spoke at TechCrunch Disrupt on Wednesday. The Nigerian founder did

Interswitch CEO Mitchell Elegbe to discuss African fintech at TechCrunch Disrupt

The CEO of Pan-African fintech unicorn Interswitch, Mitchell Elegbe, is set to speak at TechCrunch Disrupt 2020 on September 16. He founded the company in Lagos in 2002 to connect Nigeria’s —

Why COVID-19 could delay Interswitch, Africa’s next big IPO

The economic effects of COVID-19 could delay Africa’s next big IPO — that of Nigerian fintech unicorn Interswitch. If so, it wouldn’t be the first time the Lagos-based payments company&#

Africa Roundup: Visa connects to M-Pesa, Flutterwave enters e-commerce

It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in that country. When CO

Visa and Kenya’s Safaricom partner on M-Pesa, payments and tech

Visa just connected to Africa’s most powerful mobile payments network. The global financial services company and Kenyan telecom Safaricom — operator of the M-Pesa mobile money product — anno

Visa’s Africa strategy banks on startup partnerships

Visa has prioritized growth in Africa, and partnering with startups is central to its strategy. This became obvious in 2019 after the global financial services giant entered a series of collaborations

Africa Roundup: Africa’s tech ecosystem responds to COVID-19

In March, the virus gripping the world — COVID-19 — started to spread in Africa. In short order, actors across the continent’s tech ecosystem began to step up to stem the spread. Early in Ma

Africa turns to mobile payments as a tool to curb COVID-19

Africa is using digital finance as a means to stem the spread of COVID-19. Governments and startups on the continent are implementing measures to shift a greater volume of payment transactions toward

Jumia adapts Pan-African e-commerce network in response to COVID-19

Pan-African e-commerce company Jumia is adapting its digital retail network to curb the spread of COVID-19. The Nigeria headquartered operation — with online goods and services verticals in 11 Afric

CcHub funds tech to curb COVID-19 on concerns of an Africa outbreak

Africa’s largest innovation incubator, CcHub, will offer funding and engineering support to tech projects aimed at curbing COVID-19 and its social and economic impact. The Lagos and Nairobi base

Kenya turns to M-Pesa mobile-money to stem the spread of COVID-19

Kenya’s largest teleco, Safaricom, will implement a fee-waiver on East Africa’s leading mobile-money product, M-Pesa, to reduce the physical exchange of currency in response to the COVID-1

Africa Roundup: TLcom closes $71M fund, Jumo raises $55M, AWS partners with Safaricom

VC firm TLcom Capital closed its Tide Africa Fund at $71 million in February, and announced plans to invest in 12 startups over the next 18 months. The group — with offices in London, Lagos and Nair

AWS partners with Kenya’s Safaricom on cloud and consulting services

Amazon Web Services has entered a partnership with Safaricom — Kenya’s largest telco, ISP and mobile payment provider — in a collaboration that could spell competition between American cloud

Kenyan logistics startup Sendy raises $20M round backed by Toyota

Africa’s logistics startup space has gained another multi-million-dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to drivers and vehic

Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based
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