Africa

Africa is the world's second largest and second most-populous continent. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. With 1.2 billion people as of 2016, it accounts for about 16% of the world's human population.

Source: en.wikipedia.org

PayPal Launches X-Border Payment Collaboration With TerraPay
PayPal Launches X-Border Payment Collaboration With TerraPay
April 15, 2025  |  Partnerships

PayPal and TerraPay are teaming to promote cross-border payments in the Middle East and Africa (MENA). The partnership, announced Tuesday (April 15), is designed to speed cross-border money movement, while...

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African FinTech Nala Plans $120 Million Fundraise for X-Border Payments
African FinTech Nala Plans $120 Million Fundraise for X-Border Payments
February 27, 2025  |  Cross-border Payments

Cross-border payments startup Nala is attempting to raise $120 million in its next funding round. The Tanzania-based company aims to reach that goal by selling...

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FICO and TransUnion Team to Improve Credit Access in Kenya
FICO and TransUnion Team to Improve Credit Access in Kenya
February 18, 2025  |  Partnerships

FICO and TransUnion Kenya partnered to broaden access to credit in Kenya. “By leveraging enriched data and analytics, lenders can now make more informed decisions,...

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FirstRand Adopts Fiserv’s Cloud-Based Banking Platform
FirstRand Adopts Fiserv’s Cloud-Based Banking Platform
February 06, 2025  |  Cloud Banking

FirstRand Group, the largest financial institution by market capitalization in Africa, said Wednesday (Feb. 5) that it will adopt Fiserv’s cloud-based banking platform, Finxact. Finxact...

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Visa Invests in Moniepoint to Unlock Africa’s Small Business Potential
Visa Invests in Moniepoint to Unlock Africa’s Small Business Potential
January 23, 2025  |  SMBs

Visa is betting that Nigerian FinTech Moniepoint will accelerate growth for small- to medium-sized businesses (SMBs) in Africa. The global payments giant invested in the...

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Payments Processor PayRetailers Expands in Brazil With Transfeera Acquisition
Payments Processor PayRetailers Expands in Brazil With Transfeera Acquisition
December 19, 2024  |  Acquisitions

PayRetailers, a payments processor serving Latin America and Africa, acquired business payments FinTech Transfeera. The deal was approved by the Administrative Council for Economic Defense...

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Visa Invests in Four African FinTech Startups From Accelerator Program
Visa Invests in Four African FinTech Startups From Accelerator Program
November 06, 2024  |  VISA

Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s...

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Mastercard Launches Tokenized Card-Based Bill Pay Solution
Mastercard Launches Tokenized Card-Based Bill Pay Solution
October 28, 2024  |  Mastercard

Mastercard launched a new card-based bill-pay solution for merchants, acquirers, payment facilitators and payment service providers. The new Bill Qkr is live and available globally,...

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Visa and littlefish Team to Help Africa’s MSMEs Go Digital
Visa and littlefish Team to Help Africa’s MSMEs Go Digital
October 17, 2024  |  Digital Payments

Visa is teaming with littlefish, an omnichannel platform that helps financial institutions serve small businesses. The  partnership will support micro, small and medium-sized businesses (MSMEs)...

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