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UAE operator du enhances fintech offering with du Pay

In a move it says is set to “boost the transition towards a cashless economy and support the national digitalisation agenda”, UAE operator du has announced the launch of du Pay, offering what it calls transformative fintech solutions for UAE residents.

Central-bank , Uae , U-pay , Intech , Igital-payment , Obile-finance , Pps ,

Banglalink, bKash, City Bank launch payment plans for 4G phones

Bangladesh operator Banglalink has partnered with mobile financial service provider bKash and City Bank to finance 4G smartphone purchases for customers to make the devices more affordable and in turn boost 4G adoption.

Bangladesh , Ali-ahmmed , Upanga-dutta , Bangladesh-telecommunication-regulatory-commission , City-bank , Pay-later , Anglalink , Obile-finance , Kash , G-services , Martphones , Inancing

Safaricom Ethiopia and Chapa launch business-focused payment system

Safaricom continues to enhance the offering of its recently launched Ethiopian service. The latest innovation is a payment system aimed at entrepreneurs, businesses and government.

Ethiopia , Ethiopian , Paul-kavavu , Safaricomm-pesa , Ethio-telecom , Chapa-financial-technologies-share-company , Safaricomm-pesa-mobile-financial-services , M-pesa-mobile-financial-services , Safaricom-ethiopia , General-manager , M-pesa , Afaricom-ethiopia

Brazil's EBANX expands fintech offering into more African markets

Brazilian fintech firm EBANX is expanding into eight new African markets.

Egypt , South-africa , Kenya , Morocco , Coted-ivoire , United-states , Zambia , Uganda , Tanzania , Senegal , Nigeria , Ghana

Nagad connects with TerraPay for Bangladesh remittances

Nagad Limited, a mobile financial service provider in Bangladesh, has joined forces with TerraPay, a global payments network. The aim, the partners say, is “to revolutionize the landscape of cross-border remittances”.

Bangladesh , Nagad , Maharashtra , India , Bangladesh-bank , Visa , Nagad-limited , Bank-limited , Obile-finance , Angladesh , Errapay

Digital transformation initiatives on the way in Angola

Digital transformation has been very much a theme of recent financial technology news from Angola, in the shape of initiatives from payment giant Mastercard and the US government, supported by the Angolan government and local businesses.

United-states , Angola , Angolan , America , Angolans , Empresa-interbanc , Mastercard , Angolan-central-bank , Embassy-of-the-united-states , Us-government-agency-for-international-development , Mastercard-payments-gateway-services , Digital-money

Deals in Egypt and Tanzania underline growth of payment technology in Africa

Recent announcements in Africa have yet again underlined the growth of payment technology across the continent, with major names in the digital payments space announcing significant agreements in Egypt and Tanzania.

Egypt , Tanzania , Banque-misr , Al-jizah , Mastercard , Etisalat , Amazon-payment-service , Amazon-payment-services , Payment-services , Etisalat-egypt , North-africa

MTN and Ecobank launching loan offering with Optasia in Guinea

Fintech provider Optasia is launching a microloan service in Guinea with pan-African Ecobank and MTN, via the latter’s MoMo (Mobile Money) service.

Guinea , Benin , Coted-ivoire , Uganda , Ghana , Guinean , Ivory-coast , Mark-muller , African-ecobank , Mobile-money , Mtn

Next from Kenya's M-Pesa: interest-free loans - Developing Telecoms

For the second time in a week, Safaricom’s M-Pesa is in the news with one of its products, as the Kenyan mobile money service launches an interest-free loan service for buying goods.

Kenya , Kenyan , Safaricomm-pesa , Telkom-kenya , Visa , Edomx-ltd , Equity-bank , Business-daily , Airtel-kenya , Safaricom , M-pesa

M-Pesa and Visa take on Kenya's banks with lower forex charges

In a reminder of the changing business models of many operators in Africa, it has been reported that the M-Pesa virtual Visa card (introduced in June) is now undercutting Kenya’s commercial banks in the foreign exchange market.

Tanzania , Kenya , Mozambique , Lesotho , Congo , Ghana , Kenyan , Netflix , Visa , Business-daily , M-pesa-global-pay-visa-virtual