Mastercard teams up with Nigeria’s Nomba
Through this collaboration, Mastercard Gateway will be integrated into Nomba’s Checkout solution, offering businesses a seamless, secure, and efficient way to process transactions and connect with customers locally and globally.
Mastercard’s trusted global infrastructure and cutting-edge technology will help Nomba to elevate its payment solutions, enabling businesses to deliver faster, safer, and more reliable payment options. By integrating Mastercard’s advanced capabilities, Nomba Checkout will support a variety of payment methods, including international cards, QR codes etc. This collaboration aims to enhance payment experiences and advance financial inclusion by expanding access to digital payments in Nigeria and across Africa.
Read more: https://www.finextra.com/pressarticle/105092/mastercard-teams-up-with-nigerias-nomba
Peach Payments Enters Francophone Africa with PayDunya Deal
Digital payments gateway Peach Payments has agreed to acquire West-African payment platform PayDunya. In the process, it enters mainland Francophone Africa for the first time, following its expansion to Eswatini (2024), Mauritius (2021) and Kenya (2018).
Peach Payments is an enterprise-grade payments gateway that enables online payments in Africa for businesses of all sizes.
Dakar-based fintech PayDunya started operations in 2015, after Aziz Yérima realised in 2013 that there were no options to integrate online payment solutions for a women’s community group he was helping to expand online.
Read more: https://techafricanews.com/2025/04/04/peach-payments-enters-francophone-africa-with-paydunya-deal/
Kenyan court orders Umba to pay $21,600 over unfair dismissal of former executive
A Kenyan Employment and Labour Relations Court has ordered neobank Umba to pay KES 2.88 million ($21,600) in damages and legal costs for unfairly terminating one of its executives, underscoring legal expectations for startups navigating employment laws in the East African country.
The March 28 ruling found that Umba— which operates in Kenya and Nigeria—violated due process when it terminated the employee’s contract in January 2023 during her six-month probation period. The employee, who served as the company’s head of growth, was dismissed after just a few months in the role, allegedly for poor performance and inability to meet targets.
Read more: https://techcabal.com/2025/04/05/umba-unfair-dismissal-kenya/
Central Bank of Congo DRC Grants License to Fintech Vault Pay
Vault Pay, a fintech startup based in the Democratic Republic of Congo (DRC), has obtained full regulatory approval from the Central Bank of Congo.
This license allows the company to move forward with its plans to offer immediate payment solutions, user-friendly banking services, and financial products distributed through telecommunications networks.
According to its founders, the fintech is designed to simplify financial services by enabling telecom providers to offer banking solutions directly.
Read more: https://techbuild.africa/central-bank-of-congo-drc-fintech-vault-pay/
Verve Expands Payment Frontiers with Global Partnerships and Contactless Innovation
Verve, Africa’s largest domestic payment card and token brand, has continued to strengthen its position as a leader in digital payments through a series of strategic partnerships and technological advancements. The brand remains committed to providing seamless and secure transactions across a growing network of acceptance points.
As part of its global expansion, Verve has recently partnered with leading international and regional payment platforms, including Temu, AliExpress, PalmPay, and FortisPay. These integrations enhance Verve cardholders’ access to global e-commerce marketplaces and digital payment solutions, reinforcing the brand’s mission to facilitating easy transactions across borders.
ECB’s Lagarde Advocates for EU’s Own Digital Payment Platform to Ensure Financial Sovereignty
European Central Bank (ECB) President Christine Lagarde has urged the European Union to develop its own digital payment platform, moving away from reliance on foreign giants like Visa, Mastercard, Paypal, and Alipay.
Speaking on The Pat Kenny Show, Lagarde emphasized the need for a “European offer” to secure financial sovereignty, highlighting the risks of dependence on American and Chinese companies.
She linked this initiative to the broader goals of the Capital Markets Union (CMU), which aims to create a unified capital market across EU member states, potentially unlocking up to €3 trillion in annual economic value.
