Canada-Africa Fintech Convergence 2025: Nurturing Talent, Fueling Growth, and Forging Cross-Border Prosperity for Sustainability
The Canada-Africa Fintech Convergence 2025 is set to be a landmark event, uniting two dynamic regions in a shared mission to harness the power of financial technology for sustainable growth and prosperity.
From August 5 to 8, 2025, this premier gathering will bring together the brightest minds in fintech, banking, regulation, and investment from Canada and Africa to explore how innovation can nurture talent, fuel economic growth, and forge cross-border partnerships that drive long-term sustainability.
This convergence comes at a pivotal moment in the global fintech landscape. Africa, with its youthful population and rapidly digitizing economies, is emerging as a hotbed of innovation, home to groundbreaking solutions that are transforming access to financial services.
Read more: https://shorturl.at/KBwGP
Two Singapore fintech firms have a head start as Africa makes digital payment push
SINGAPORE – Driven by a mission to make cross-border trade more efficient, two Singapore-based fintech firms are making bold strides into Africa and are set to benefit as the continent’s digital payments infrastructure takes shape.
They have been in Africa for some years, expanding from Ghana in the west to Rwanda in the east.
The African continent comprises 54 countries, with a total population of 1.4 billion.
Mastercard partners with Paymentology to drive financial inclusion in South Africa
Mastercard has announced its partnership with Paymentology in order to drive financial inclusion for customers and businesses in South Africa.
Following this announcement, the collaboration is expected to support fintech companies with the expertise, infrastructure, and rapid go-to-market capabilities that are usually needed to navigate the challenges of the issuing cards process. This aims to unlock new opportunities for financial inclusion and digital transformation as well.
Mastercard will provide its global expertise in payments, security, and infrastructure, while Paymentology is set to offer scalable card processing and programme management capabilities in order to ensure that fintechs can launch and scale their card programs efficiently.
Africa Gift Card and Incentive Card Intelligence Report 2025-2029 Featuring Shoprite, Pick n Pay, Chipper Cash, Flutterwave, Yellow Card, Amazon and Apple
Dublin, March 17, 2025 (GLOBE NEWSWIRE) — The “Africa Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Q1 2025 Update” report has been added to ResearchAndMarkets.com‘s offering.
The gift card market in Africa is expected to grow by 12.7% on annual basis to reach US$5.28 billion in 2025. The gift card market in the region experienced robust growth during 2020-2024, achieving a CAGR of 14.3%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 11.2% during 2025-2029. By the end of 2029, the gift card sector is projected to expand from its 2024 value of USD 4.69 billion to approximately USD 8.07 billion.
Read more: https://finance.yahoo.com/news/africa-gift-card-incentive-card-092300756.html
AliExpress Expands Payment Methods In Africa
AliExpress, an international online retail marketplace, announced today a significant expansion in its payment options for shoppers across Africa to elevate online shopping in the continent. This initiative follows AliExpress’ introduction of various local mobile payment methods last year, which was welcomed by consumers seeking better access to global products.
Starting this March, AliExpress has extended its local-currency payment capabilities to several African countries, including South Africa, Algeria, Egypt, Ethiopia, Morocco, and Tanzania, aiming to provide a more seamless and secure payment experience for local consumers.
Read more: https://cioafrica.co/aliexpress-expands-payment-methods-in-africa/
Bank of America Says Real-Time Payments Connect Businesses to Working Capital
The Clearing House’s RTP network launched in 2017. The FedNow Service, the central bank’s foray into real-time payments, debuted in the summer 2023. And yet real-time payments — while getting some serious global traction — still have a lot of runway left for consumers and businesses. Daniel Stanton, managing director and global head of Transactional FX at Bank of America, told PYMNTS in a recent interview that as banks move onto the real-time payment networks, bringing faster payments capabilities to corporate clients will be a long-term project.
“It’s a journey that we’re undertaking,” he said, “and not only from the standpoint of a financial institution but in the FinTech arena as well. It’s a joint journey toward building out our capabilities and enhancing or even redesigning our infrastructures … to get out of the thought process of ‘9 to 5’ and to operate on a 24/7 wavelength.”
The Marygold Companies Launches New Fintech App in U.K.
SAN CLEMENTE, Calif.–(BUSINESS WIRE)–The Marygold Companies, Inc. (“TMC” or the “Company”) (NYSE American: MGLD), a diversified global holding company, today announced that its wholly owned subsidiary, Marygold & Co. (UK), has initiated marketing its mobile banking fintech app for the U.K., and the app is now available on the Apple App Store and Google Play Store. The launch event to officially introduce the app was conducted on the ground floor of the Westfield London in White City.
“Marketing ramp-up is scheduled to begin during the next 60 – 90 days to individuals and businesses,” said Matthew Parden, President of Marygold & Co. (UK). “The mobile banking app was adapted for the U.K. banking system based on the platform developed in-house by the team at Marygold & Co. in the U.S. and incorporates features specific to U.K. clientele.”
Read more: https://siliconcanals.com/the-marygold-companies-launches-new-fintech-app-in-u-k/
