Africa FinTech Spotlight
Africa Fintech Network
A platform that unites Africa fintech leaders, organizations and stakeholders.
MTN Ghana embraces financial inclusion in growth strategy
MTN Ghana has made financial inclusion a key component of its growth strategy; as a result, the telco is enhancing its platforms, including myMTN and the Mobile Money (MoMo) applications, to deliver better services.
“Our dedication to expanding partnerships with financial institutions, agents, and merchants is essential for the growth of the MoMo ecosystem and the advancement of innovative MoMo service,” said MTN Ghana CEO, Stephen Blewett.
On Friday, MTN Ghana published its financial performance for the financial year ending December 31, 2024.
Read more: https://itweb.africa/content/6GxRKqYQKzOqb3Wj?
Red Hat Launches New OpenShift Solution and Helps Safaricom Take Next Step in Cloud Transformation
It has been a busy week for the enterprise open source software solutions provider, Red Hat, as it announces a new version of its hybrid cloud application platform, which will be rolled out in a new partnership with Safaricom, a converged communications solutions provider in Kenya.
The new cloud application, Red Hat OpenShift 4.18, introduces new features and capabilities designed to streamline operations and security across IT environments and deliver greater consistency to all applications, from cloud-native and AI-enabled to virtualised and traditional.
According to Gartner, revirtualisation/devirtualisation is one of the top trends facing organisations for 2025. As shifts in the virtualisation market require firms to reevaluate their virtualsed infrastructure and strategies, for many, it is an opportunity to implement technologies that will both deliver on their current IT requirements as well as help them meet the needs of tomorrow.
South Africa-headquartered Select Africa Onboards Veefin Solutions to Lead Digital Transformation Across Multiple Countries
Select Africa, a leading financial institution based in South Africa, has partnered with Veefin Solutions, a global leader in providing technology solutions for the BFSI sector, to drive its digital transformation across multiple countries in South and East Africa. This strategic collaboration marks a significant milestone in Select Africa’s commitment to focusing on the unbanked segment and enabling easier access to financial services.???
Through this partnership, Select Africa will utilize Veefin Solutions’ end-to-end stack, including Onboarding, Loan Origination System, Loan Management System, Reporting Solution, and Collections Management System, to streamline its lending operations, deliver digital-first customer experiences, and foster innovation across its financial product offerings
Middle East, African SMEs register digital payments growth
Over 90% of small and medium enterprises (SMEs) in over a dozen countries across the Middle East and Africa accept digital payments and are slowly phasing cash out, a new report reveals.
The third edition of the SME Confidence Index, published by global payments giant Mastercard (NASDAQ: MA), revealed that SMEs have recorded accelerated growth over the past year despite global economic shakeups, such as conflicts in Europe and the Middle East and the transfer of power in some of the largest economies.
Nsano Opens Rwanda Office After Securing Key Payment Licenses
Leading pan-African Fintech company, Nsano Ltd has officially opened its East Africa regional office in Rwanda. This comes after the company was granted both the Payment Aggregation and Payment Remittances Service Licenses (Category II and III) by the National Bank of Rwanda.
Nsano’s track record of providing secure payment solutions has been instrumental in their rapid expansion into multiple African markets.
Read more: https://techafricanews.com/2025/03/03/nsano-opens-rwanda-office-after-securing-key-payment-licenses/?
NMI Powers UK Railways Ticketing Transformation with Cutting-Edge Payment Solution
LONDON--(BUSINESS WIRE)--NMI?, a global leader in embedded payments infrastructure has revolutionised the ticketing experience for passengers across the UK railway network. In collaboration with a leading ticketing software provider and payment device manufacturer, NMI has modernised the payment infrastructure at more than 200 UK train stations, improving convenience for passengers and delivering secure, efficient, and streamlined payment solutions to 16 train operating companies, including Great Western Railway, Northern Rail, East Midlands, and Arriva Cross Country.
At the heart of this transformation is NMI’s advanced payment gateway, which seamlessly powers transactions across 4,000 newly deployed portable and fixed PIN pads. Whether passengers purchase tickets at a traditional ticket counter, on-platform, or directly from mobile revenue protection officers, NMI’s secure payment technology ensures a familiar, frictionless experience across the rail networks. Supporting all major card types and digital wallets, including Apple Pay and Google Pay, NMI enables passengers to pay in the way that suits them best.
Two-Thirds of Banks Team With FinTechs on Cross-Border Payments
Digital payments have sparked interest in how traditional banking institutions, particularly in the U.S. and U.K., are partnering with FinTech companies. This is crucial in the area of cross-border payments, where consumers and businesses want faster, more efficient and more cost-effective methods for transferring funds internationally.
According to a PYMNTS Intelligence report, “Global Money Movement: How Digital Wallets Are Transforming Cross-Border Payments,” in collaboration with TerraPay, 62% of banks are actively exploring partnerships with FinTech firms to elevate their cross-border payment solutions. This integration signals a trend in the banking industry where collaboration with FinTech firms is becoming a key strategy for driving innovation.
The report surveyed 2,601 consumers, 398 small business leaders and 80 financial institution (FI) employees in four countries (U.S., U.K., Saudi Arabia and Singapore) to explore the trend of digital wallets and related challenges and opportunities in the global payment system.