Canada-Africa Fintech Summit – Canada-Africa Fintech Convergence – Nurturing Talents, Fueling Growth, Forging Cross-Border Prosperity for Sustainability
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E& Egypt launches 1st instant international money transfer
Arab Finance: E& Egypt has officially launched the first instant international money transfer service through its E& Cash wallet, marking a new milestone in the Egyptian market, as per an emailed press release.
With this launch, E& Egypt becomes the first company in Egypt to allow customers to instantly receive money transfers from the UAE and Saudi Arabia.
The service uses E&’s strong regional network to provide fast, secure, and fully digital transactions, without needing to visit company branches or use middlemen.
Africa’s first fintech licence passporting system sets tone for future cross-border expansion
In February, the Bank of Ghana and the National Bank of Rwanda signed a Memorandum of Understanding (MoU) to implement Africa’s first fintech licence passporting system. This agreement allows fintech firms licensed in either country to operate in both without undergoing redundant approval processes.
Scaling across African borders presents a logistical nightmare for fintech companies looking to expand operations. With 54 countries, each enforcing unique financial regulations, firms face fragmented licensing requirements that impair innovation and restrict financial inclusion.
“Fintechs’ annual growth rate is sitting at 24% over the past decade in Africa,” said Meagan Rabe, Visa’s senior director of fintech management in sub-Saharan Africa, at an Absa commercial payments summit last Wednesday. A licence passporting system could expedite this growth even further.
Kenya proposes first crypto bill to regulate ICOs, stablecoins, exchanges
Kenya has proposed its first regulatory framework to regulate cryptocurrencies and other digital asset services, marking a major policy shift in one of Africa’s most active crypto markets. The Virtual Asset Service Providers Bill 2025 proposes licencing rules for stablecoins, initial coin offerings (ICOs), digital wallets, crypto exchanges, and investment advisors dealing in virtual assets. If passed, the bill would create a dual regulatory framework, assigning oversight roles to the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA).
Under the proposal, CBK will regulate wallet providers, stablecoin issuers, and crypto payment processors, while CMA will licence exchanges, tokenisation platforms, investment advisors, brokers, and virtual asset managers.
Read more: https://techcabal.com/2025/04/07/kenya-proposes-first-crypto-bill-to-regulate-stablecoins/
Fintech body calls on government for national anti-fraud centre
Fintech trade body calls on the government to establish a national centre to help businesses across different sectors fight fraud through data sharing.
Innovate Finance said that current data sharing initiatives designed to fight fraud operate in silos, which means the country lacks the “critical mass” or “scale” needed to stop fraudsters.
The call for an anti-fraud centre came in the organisation’s plan to halve fraud in the UK by 2028, titled A technology strategy to smash fraud.
Surepay Teams Up with Ecobank to Modernize School Payments
Surepay Uganda has entered into a strategic partnership with Ecobank to roll out a new digital payment solution.
This solution is aimed at transforming how school fees are paid across Uganda.
The initiative is set to offer a secure, fast, and cost-free platform that simplifies transactions for schools, parents, and students alike.
Read more: https://techafricanews.com/2025/04/07/surepay-teams-up-with-ecobank-to-modernize-school-payments/
Thailand launches cashless payment service for tourists
Thailand has expanded its e-wallet services, allowing international visitors to complete cashless transactions across the country.
TAGTHAi EASY PAY is a new digital payment solution that enables tourists to make payments using a QR code.
The service is linked to the prepaid PAY&TOUR card from Kasikorn Bank, which is available at the bank’s foreign exchange booths, including at Suvarnabhumi and Don Mueang airports.
Read more: https://www.travelnews.co.za/article/thailand-launches-cashless-payment-service-tourists
