WEBINAR ANNOUNCEMENT – Africa Fintech Network x Ripple
The Africa Fintech Network (AFN), in collaboration with Ripple—one of AFN’s esteemed corporate members—invites you to an informative webinar on July 21, 2025.
This exclusive session will discuss the regulatory trends of virtual assets in Africa and its transformative role in enhancing financial inclusion, facilitating cross-border payments, and promoting sustainable fintech growth across the continent.
Read more: https://www.linkedin.com/feed/update/urn:li:activity:7345393533517787136
Mastercard, Octet Join Forces to Drive Digital B2B Payments Across MENA
Mastercard and Octet Türkiye have entered a collaboration to address the growing cash management and installment payment needs of businesses in the MENA region. Through this alliance the two companies will launch a versatile solution capable of processing various corporate transactions with a focus on facilitating easy payments and collections with cards.
According to data by Statista, the number of digital B2B payments in the Middle East and Africa is forecast to nearly double between 2023 and 2028. The innovative solution will help increase digital transaction volumes by offering efficient alternatives to cash payments. By leveraging Octet Türkiye’s expertise in trade facilitation and corporate credit card payments, the solution will enable businesses to make extended, or installment payments while allowing sellers to immediately collect invoice amounts.
Moving from fragmentation to interoperability in Africa’s payments ecosystem
Swift data shows that between 2018 and 2024, Africa’s payments traffic increased by more than 8% yearly on average. Payment message volumes have continually grown, too – now 57% greater than in 2018.
In the area of payments, the opportunities for Africa are vast. Yet these are accompanied by challenges. Pressures include those stemming from the complexities of its financial infrastructure to global geopolitical developments.
Swift Connect Africa provides a forum for collaboration between Africa’s payments experts. In May, the industry convened in Dakar, Senegal for the event’s latest iteration. Under the theme of ‘Connecting Africa and the future of finance’, discussions focused on the growth in intra-Africa trade, interoperating Africa’s payments ecosystem, and what macro trends like digital assets and AI could mean for the continent.
Paxos launches stablecoin in the EU
USDG is landing in Europe compliant with the EU’s Markets in Crypto-Assets (MiCA) regulations, says Paxos, with a portion of reserve assets with European banking partners.
The stablecoin is available via a host of distribution partners, including Kraken, Gate, Coinmetro, SwissBorg, Zodia Custody, and Orbital.
Walter Hessert, head, strategy, Paxos, says: “USDG is a fully regulated global USD-stablecoin that is compliant with MiCA and now available in the EU, a testament to our commitment to offering global digital assets that are supervised by prudential regulators and also meet the highest standards of consumer protection.
Read more: https://www.finextra.com/newsarticle/46242/paxos-launches-stablecoin-in-the-eu
Flutterwave relaunches Send App in the US
Flutterwave, Africa’s leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across US states following its newly acquired Money Transmitter Licenses (MTLs). This comes after Flutterwave secured 20 additional MTLs in the US, adding to the 14 licenses the brand has held since 2023. Altogether, this achievement raises Flutterwave’s total number of direct licenses to 34, allowing the company to operate across many US states and territories without partners or intermediaries.
Users in the US can now send money to Nigeria, Ghana, and Egypt, unlocking new remittance corridors that were previously unavailable. Alongside this expansion, the onboarding process has been streamlined with a quick ID check, making it faster and easier for new users to get started. Additional improvements include optimized payment support for US-issued Visa and Discover cards, enhanced security measures to safeguard transactions and maintain compliance, and improved in-app flows for a simpler, more efficient sending experience. The Send App Flutterwave US relaunch is part of the company’s strategy to simplify global payments for African diaspora communities.
Read more: https://www.finextra.com/pressarticle/106213/flutterwave-relaunches-send-app-in-the-us
