Paystack, the fintech start-up acquired last year by US fintech major Stripe, is establishing a presence in South Africa as it looks to cement its position as a significant player in the African online payments industry.
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Fintech companies in Africa raised more capital in 2020 despite the Covid-19 pandemic, standing in contrast to their emerging market peers such as Latin America that saw a decline.
Christo Davel, the co-founder of the 22seven personal financial management platform acquired by Old Mutual in 2013, is joining Direct Transact as chief commercial officer.
Nedbank, working with Mastercard and South African fintech player Ukheshe, has launched the ability for banking clients to make payments to businesses in messaging platform WhatsApp.
Nigerian banks are only now starting to counter the emerging fintech firms riding the online wave spurred by the pandemic. They’re also deploying their political muscle with regulators.
Mastercard will invest $100-million in Airtel Africa’s mobile money operations, valuing the business at $2.65-billion, the London-listed company said on Thursday.
Fintech company Flutterwave has teamed up with US payments giant PayPal to enable PayPal customers to pay African merchants through its platform, the Africa-focused payments firm said on Tuesday.
Digital payments company Stripe raised $600-million in its latest round of funding, valuing it at $95-billion, the company said in a statement on Sunday.
Mastercard and MTN Group on Tuesday announced that they have formed a partnership that will allow millions of MTN Mobile Money customers to pay for goods and services on global e-commerce platforms.
In this episode of the podcast, TechCentral’s Duncan McLeod interviews Clayton Hayward, CEO of fintech platform provider Ukheshe, about its acquisition from Mastercard of Oltio.