SanuPay and OpenWay Launch Ethiopia’s First Domestic Credit Card
SanuPay, an East Africa-based card technology firm, is collaborating with global digital payment software provider OpenWay to launch Ethiopia’s first domestic credit card, marking a significant development in the country’s efforts to modernise its financial infrastructure.
In partnership with OpenWay and SantimPay, a licensed payment system operator focused on advancing a cashless economy, SanuPay plans to issue four million debit and prepaid cards, alongside 5,000 Visa and Mastercard credit cards.
These will run on OpenWay’s Way4 platform, which supports issuing, acquiring, switching, and mobile wallet solutions.
Network International, Blu Penguin Partner to Expand Mobile Money Acceptance in Ghana
Network International (Network), a leading enabler of digital commerce across the Middle East and Africa, has announced a collaboration with Blu Penguin, a Ghana-based fintech and mobile money aggregator, to provide mobile money transactions via Network’s N-Genius™ payment terminals.
This collaboration marks a significant milestone in expanding financial inclusion and driving payment innovation across Ghana and the broader West African region.
Kuda introduces new multicurrency wallet
Digital bank Kuda has launched a multicurrency wallet as part of its expansion strategy to serve Africans living, working, and travelling across borders.
The product, which is currently in testing, allows users to hold, fund, and convert between five major currencies—the United States Dollar, British Pound, Euro, Nigerian Naira, and Canadian Dollar—all within a single wallet on the Kuda app.
Speaking during a recent exclusive media parley in Lagos, Senior Vice President, Business Banking, Kuda, Nosa Oyegun, said the new wallet is designed to simplify the fragmented experience Africans face when managing money across different countries and currencies.
Read more: https://punchng.com/kuda-introduces-new-multicurrency-wallet/
Mastercard and Dinarak Partner to Expand Digital Payment Access in Jordan
Mastercard has initiated a strategic collaboration with the mobile wallet provider Dinarak to enable digital payment acceptance and drive financial inclusion in Jordan. The scope of the collaboration involves digital-first multi-currency prepaid cards, premium prepaid cards.
UBA’s LEO Becomes First AI Chatbot to Enable PAPSS Cross-Border Payments
The Pan-African Payment and Settlement System (PAPSS), an initiative of the African Export-Import Bank (Afreximbank), has reached a new milestone in its mission to transform Africa’s payment infrastructure. Through a new partnership with United Bank for Africa (UBA), PAPSS is now operational on UBA’s AI-powered chatbot, LEO, enabling seamless cross-border payments across the continent via digital self-service.
This development marks the first time a conversational AI platform in Africa has been integrated with PAPSS to facilitate instant payments in local currencies across African borders. LEO users within the UBA ecosystem can now send and receive funds in a matter of seconds, through secure and automated channels, without incurring charges on the beneficiary end. The feature is available across LEO’s digital touchpoints, supporting both individual and business users.
10 African Fintech companies named among World’s top 300
The list, spanning seven categories, including digital payments, digital assets, enterprise fintech, Insurtech, wealth technology, neobanking, and alternative financing, highlights significant shifts in the financial technology landscape.
The selection process was based on key performance indicators such as revenue growth, user acquisition, product innovation, and market expansion.
Notably, global fintech investment dropped by 20% in 2024 to $95.6 billion, a seven-year low, according to KPMG’s Pulse of Fintech report.
