Last Call – Global FinTech Alliance Founding Manifesto Webina
The Global Fintech Alliance funding manifestos webinar is scheduled for tomorrow, and you won’t want to miss it. This exclusive event will bring together FinTech leaders from various regions around the world, providing unparalleled insights, networking opportunities, and collaborative discussions on the industry’s upcoming innovations. Take advantage of this chance to be part of this transformative event!
Learn more: https://shorturl.at/vUgcd
Somalia Embraces Instant Payments with First-Ever National Switch Powered by BPC
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.
While Somalia’s financial sector has seen remarkable growth in recent years, a significant portion of the population remains underserved or unbanked. The demand for secure, fast, and modern payment solutions has been pressing. By introducing the SOMQR standard and establishing the Somalia Payment Switch (SPS) as the scheme manager and operator, CBS aims to reduce reliance on cash, ensure interoperability, and expand financial services across the country.
KCB Group To Acquire 75% Stake In Kenyan Fintech Firm
KCB Group has announced that it has entered into an agreement to acquire a 75 per cent stake in Riverbank Solutions Limited, a Kenyan financial services technology firm. The deal, finalized on March 24, 2025, is in line with KCB’s strategic goal of enhancing its digital payments ecosystem.
Founded in 2010 by Nick Mwendwa, former Football Kenya Federation (FKF) president, Riverbank Solutions Limited specializes in developing and deploying payment solutions across multiple sectors. The company has partnered with county governments like Kisumu and Migori for revenue collection and serves industries such as banking, micro-finance, manufacturing, retail, and the military.
Learn more: https://cioafrica.co/kcb-group-to-acquire-75-stake-in-kenyan-fintech-firm/
Mastercard Fuels Africa’s $1.5 Trillion Digital Payment Boom
Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030.
As a longstanding technology partner to Africa, Mastercard continues to strengthen its commitment to the continent’s digital growth through strategic investments, public-private partnerships, and innovation initiatives that drive financial health and economic growth. By fostering collaboration with key stakeholders, Mastercard aims to enhance digital connectivity, expand economic opportunities, and enable millions of people and businesses to thrive in the digital economy.
Learn more: https://techafricanews.com/2025/03/25/mastercard-fuels-africas-1-5-trillion-digital-payment-boom/
Moneda & meCash Unveil MUSA: A Game-Changer for SME Financing in Africa
Moneda has announced a strategic partnership with meCash, one of Africa’s leading payment gateways, to introduce MUSA, a groundbreaking financial solution aimed at transforming SME financing within the natural resources value chain.
The new initiative is designed to provide seamless, sustainable, and efficient payment solutions, enabling small and medium-sized enterprises to scale and unlock new opportunities.
By removing financing barriers, MUSA seeks to empower businesses with the necessary financial tools to drive growth and contribute to Africa’s economic prosperity.
Learn more: https://techafricanews.com/2025/03/25/moneda-mecash-unveil-musa-a-game-changer-for-sme-financing-in-africa/
dLocal, Airtel, and Google Team Up to Expand Mobile Payments in Kenya
dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, has enabled Airtel Mobile Money as a payment method for Google Play in Kenya.
Airtel Mobile Money has played a transformative role in Kenya, contributing to one of the highest mobile money penetration rates globally. With over 31.5 million mobile money accounts, representing nearly 80% of the adult population, Airtel is a key enabler of financial inclusion in Kenya and across Africa.
By enabling Airtel Mobile Money as a payment method, dLocal is supporting Google to provide a localized solution that meets the needs of users in Kenya. This reinforces Google’s commitment to expanding digital accessibility, ensuring that a much larger audience can engage with Google Play without barriers.
Learn more: https://techafricanews.com/2025/03/25/dlocal-airtel-and-google-team-up-to-expand-mobile-payments-in-kenya/
AstroPay expands access to multicurrency wallet across Latin America
With this expansion, AstroPay is giving digital workers and global travelers a faster, lower-cost way to send, receive, and spend money without relying on slow and expensive banking systems.
Millions of people across Latin America – remote workers, business owners, and travelers – need a better way to move money across borders. AstroPay’s multicurrency wallet is redefining cross-border payments with real-time conversion at the best rates – eliminating hidden fees, long waits, and outdated banking barriers. By leveraging a combination of local licensing, banking partnerships, and internationally recognized regulatory frameworks, AstroPay offers a frictionless and compliant financial experience, allowing users to transact with confidence wherever they are.
Ripple Set for Major Role in Global Payments as Integration with SWIFT Nears
Ripple, the global payments network behind the XRP cryptocurrency, is said to be nearing a deeper integration with SWIFT, the established financial messaging powerhouse. A recent claim by a well-known researcher has gained fresh attention in Ripple’s role in the evolving world of cross-border payments. According to the researcher, Ripple’s technology is currently being integrated into SWIFT’s system, potentially altering the landscape of global transactions.
Ripple’s Growing Role in Cross-Border Payments
Ripple has long been regarded as an disruptor in finance, with its payment protocol aiming at making cross-border transactions faster, cheaper, and more than efficient. While Ripple’s XRP token has gained attention for its potential to revolutionize the payments sector, its integration with major financial institutions and payment networks has been a slow but steady process.
Learn more: https://coinfomania.com/ripple-set-for-major-role-in-global-payments-as-integration-with-swift-nears/
