Canada-Africa Fintech Summit – Canada-Africa Fintech Convergence – Nurturing Talents, Fueling Growth, Forging Cross-Border Prosperity for Sustainability
For more info: www.cafsummit.com
UBA Unveils Upgraded PoS Terminal, Revamped MONI App To Accelerate Digital Payments, Empower Businesses Across Africa
April 13, (THEWILL) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empower small and Medium Scale Enterprises across Africa.
The upgraded platforms form part of the bank’s ongoing campaign with the theme: Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking.
The newly improved PoS, which provides customers efficiency and ease in transacting their businesses, boasts exciting features designed to boost efficiency, transparency, and trust for merchants; including instant settlement, real-time monitoring, pay-by-link functionality, and a 100% transaction success rate.
Future of Mobile Money in African Marketplaces
Mobile money is transforming African marketplaces by enabling secure, fast, and accessible digital payments for millions of unbanked individuals.
Here’s what you need to know:
- Rapid Growth: Mobile money usage is increasing, driven by affordable smartphones, improved network infrastructure, and supportive regulations.
- E-Commerce Impact: Platforms like M-Pesa and JumiaPay are simplifying online transactions, fueling e-commerce growth.
- Key Benefits: Instant settlements, lower fees, and enhanced security make mobile money a preferred choice for businesses and consumers.
- Challenges: Issues like network disruptions, security risks, and inconsistent regulations persist but are being addressed through new technologies like blockchain and AI.
Read more: https://www.techinafrica.com/future-of-mobile-money-in-african-marketplaces/
Powering India’s agrifood processing MSMEs: How fintech is transforming access to finance
India’s agrifood processing MSMEs are the unsung heroes of the nation’s food value chain, transforming raw agricultural produce into market-ready goods while fueling employment and economic development. These enterprises do more than process food. They enhance nutritional value, reduce post-harvest wastage, and ensure a steady supply of essential food products to consumers.
The sector has been growing at an impressive Annual Average Growth Rate (AAGR) of 7.26 per cent over the past seven years, making a significant contribution to the country’s GDP, employment, and exports. Despite their vital role in India’s food economy, agrifood processing MSMEs continue to battle deep-rooted financial constraints that stifle their growth and potential.
Building Africa’s Fintech Future With a ‘Unified Voice’: Meet Karima El Hakim
“I support our innovation and investment efforts across the continent,” she said in a recent interview with Morocco World News (MWN), where she talked about her work with startups, corporations, government institutions, and regulators to build next-generation technology solutions.
In just a few weeks, El Hakim will bring her experience to Marrakech at GITEX Africa 2025, where she is slated to share her expertise at the Future of Finance Summit.
From leading strategy to fintech
El Hakim’s journey began in France, where she worked in strategy at Danone. She quickly established herself in Egypt’s investment landscape after returning to her motherland.
Philippines Gears Up for Instant Cross Border Payments via Project Nexus
The Philippines Central Bank (BSP) is preparing to launch instant cross-border payments capabilities through Project Nexus. This initiative involves collaboration with Malaysia and Japan, aiming to link their existing instant payment systems. The project also holds a longer-term vision of establishing a broader multilateral network.
Mamerto Tangonan, Deputy Governor of the Bangko Sentral ng Pilipinas (BSP), stated that Filipino merchants will soon be able to accept payments from Malaysian tourists and residents, and vice versa.
Read more: https://fintechnews.ph/66548/payments/philippine-central-bank-instant-cross-border-payments/
