Flutterwave Secures Approval to Offer Remittance Services in Ghana
Flutterwave, Africa’s leading payments technology company, has received approval from the Bank of Ghana to provide inward remittance services, expanding its footprint in the country’s growing fintech sector.
Why it matters
Ghana’s fintech ecosystem is booming, with mobile money playing a critical role—accounting for 60% of foreign exchange inflows.
The approval positions Flutterwave to streamline remittances, offering Ghanaians faster and more cost-effective ways to receive funds from abroad.
Read more: https://techlabari.com/flutterwave-secures-approval-to-offer-remittance-services-in-ghana/
ICM.com expands to Ghana, and Cape Town, South Africa
London, UK – ICM.com, a global leader in financial technology and online trading, is excited to unveil key service enhancements designed specifically for the Ghanaian and South African markets. This strategic expansion reaffirms the company’s dedication to delivering world-class trading solutions and reinforcing its reach across the African continent. The new location adds to ICM’s footprint in Europe, the Middle East, Latin America, and Asia.
With a strong presence in Africa over the past year and an FSCA license under its belt from the South African regulator, ICM.com is intensifying its investment in Africa, acknowledging the region’s dynamic economic growth and the rising demand for accessible, secure online trading platforms.
$45B fintech giant Revolut sets sights on South Africa
Revolut, valued at a staggering $45 billion, has confirmed its interest in entering South Africa’s increasingly competitive digital banking landscape.
“South Africa is a market we are evaluating, and one we see as attractive, with the potential to offer a unique value proposition to customers in the future. However, we are quite early in the process,” a Revolut spokesperson told TechCentral.
The London-headquartered neobank hired Tom Morrison as Head of Strategy & Operations for South Africa three months ago, though the company hasn’t listed any additional South Africa-specific positions since then—suggesting their local strategy remains in early
Read more: https://thecondia.com/revolut-south-africa-banking-expansion/
Top 10 payment trends to watch in 2025
With regulatory shifts like PSD3 and the PSR currently under review and expected to come into effect in 2026, alongside technological advances such as instant payments, embedded finance, virtual Ibans and AI-driven solutions, the payments ecosystem is poised for some exciting makeovers.
2025 is a year that promises to spark new possibilities and bring a fresh buzz to the payments services industry. Driven by a concoction of regulatory advancements and technological innovations, industry experts predict that the sector will undergo a significant transformation, as new directives and developments reshape the way payments are processed, secured and integrated across various industries. Here are the key trends to watch:
Read more: https://delano.lu/article/top-10-payment-trends-to-watch-in-2025
UnionPay, NITMX to Enable QR Code Payments Between China and Thailand
UnionPay International (UPI) and National ITMX (NITMX) have partnered to integrate China’s UnionPay payment system with Thailand’s PromptPay.
The initial phase of this collaboration will allow Chinese tourists to utilise the UnionPay app, specifically the YunShanFu app, to pay via PromptPay QR codes at Thai merchants.
Read more: https://fintechnews.sg/108690/china/china-thailand-qr-payment/
France Rises as a Leading European Fintech Hub with 1,100+ Ventures, 14 Unicorns and 54,000 Jobs
Over the past years, France has emerged as a major fintech hub, with the number of companies operating in the sector soaring more than tenfold from just 100 in 2012 to 1,145 in 2024, according to a new report by KPMG France and France Fintech.
Among these venture, 14 have reached billion-dollar valuations, accounting for nearly half of all French unicorn startups. This surge reflects the rapid expansion of France’s fintech sector, and its growing influence within the French startup ecosystem.
France’s booming fintech sector is also demonstrated by its expanding workforce. By 2024, the sector employed 54,000 people, including 43,000 based in France, highlighting its significance as a key driver of local employment.
Bank of Ireland taps Canada’s Surecomp for Trade Finance-as-a-Service solution
Released in 2017, DOKA-NG includes straight-through message processing, workflow management, and automated compliance and reporting features, alongside multi-entity capabilities.
The Trade Finance-as-a-Service (TFaaS) solution will be deployed via the cloud to “streamline back-office trade finance operational efficiency”, according to a statement by the Toronto-headquartered vendor.
The service, which sits alongside Surecomp’s IMEX offering, is currently used by the likes of Bank BTPN in Indonesia, and Commerzbank and DZ Bank in Germany.
