
Africa Fintech Spotlight
Vodacom processing R23-billion/day in mobile money transactions
Vodacom Group said on Monday that it’s processing US$1.2-billion (R23-billion) on average every day in mobile money transactions.
That figure, revealed in a trading update for the quarter ended 31 December 2024, shows how financial services have become an increasingly important component of the group’s revenue mix.
Indeed, Vodacom reported that its financial services arm contributed R3.6-billion of the R39.5-billion total group revenue for the quarter.
Read more: https://techcentral.co.za/vodacom-mobile-money-transactions/258667/
Tunisian fintech EasyBank secures $370,000 investment
Tunisian fintech startup EasyBank has announced securing an investment of 1.2 million Tunisian dinars ($370,000).
This investment will support the company’s plans for global expansion, including the Middle East, North Africa, and France.
EasyBank states that its mission is to make financial services accessible to everyone by simplifying banking products through innovative and comprehensive digital solutions that facilitate access to loans and various banking services.
Read more: https://www.wamda.com/2025/02/tunisian-fintech-easybank-secures-370000-investment
Sebabi: PAPSS ready to onboard fintechs
The Deputy CEO of Pan-African Payment and Settlement System, John Bosco Sebabi, says conversations are on with FINTECH and Mobile Network Operators regarding integration and inter-operability of payment systems in Africa.
In a conversation with CNBC Africa’s Akin Obakeye on the sidelines of the Africa Prosperity Dialogue in Accra, Ghana, Sebabi highlights the expansion of the Pan-African Payment and Settlement System which now includes 15 central banks across West, East, and Southern Africa as well as the system’s progress, challenges, and the road ahead for boosting intra-African trade through frictionless transactions.
Read more: https://www.cnbcafrica.com/media/6368201725112/sebabi-papss-ready-to-onboard-fintechs/
Float partners with Peach Payments to expand interest-free instalments
Float, an Africa-based credit card-linked instalment platform, has entered into a collaboration with Peach Payments, an online payment solutions provider.
Through this agreement, merchants using Peach Payments can now integrate Float during checkout, extending the option of interest-free monthly instalments to more consumers in South Africa.
Float aims to distinguish itself from traditional Buy Now, Pay Later (BNPL) offerings by not issuing new credit. Instead, it enables consumers to divide their credit card payments into multiple monthly instalments without interest or additional fees.
MTN Zambia launches ‘Call Natasha’ to reduce wait times for customers
This marks a major milestone in the region’s growing embrace of artificial intelligence, signalling how AI technology can bridge gaps in accessibility and efficiency for businesses and consumers alike.
The introduction of AI into everyday business processes is gaining traction across Africa. Countries like Nigeria, Kenya, and South Africa have seen increasing AI integration in fintech, healthcare, and customer service.
Zambia’s “Call Natasha” launch reflects the country’s commitment to catching up with these digital trends, ensuring that AI-driven communication tools become more accessible to the wider population.
Read more: https://techpoint.africa/2025/02/03/mtn-zambia-launches-ai-customer-agent/
London fintech startup Brava launches stablecoin management system
Brava enables institutional investors, wealth managers and high-net-worth individuals to manage their stablecoin holdings by automatically identifying the most competitive and suitable yields.
It has raised a seven-figure sum from a combination of European family offices, including a prominent German family office and major Silicon Valley investors, with an initial focus to support yield earnings on the three major stablecoins – USDC, USDT, and DAI – which account for around 85% of the stablecoin sector.
Brava plans to expand into stablecoins tied to other currencies in other geographies throughout the year, including newly pegged stablecoins from major firms such as PayPal and Deutsche Bank.
