DAT, IDCanopy partner to enhance financial crime defences
Digital Afrique Telecom (DAT) has partnered with European identity verification platform IDCanopy to strengthen financial crime defences in West African financial institutions.
The digital solutions company announced the partnership yesterday, saying IDCanopy’s Know-Your-Customer and Know-Your-Business solutions on the platform are specifically designed for the West African Economic and Monetary Union region.
Simplice Anoh, CEO of Digital Afrique Telecom, stressed that the collaboration aims to help financial institutions meet stringent new regulations introduced by the Central Bank of West African States (BCEAO).
Read more: http://itweb.africa/content/GxwQD71DRAavlPVo
M-PESA Safaricom Launches Digital Fuel Payment Service in Ethiopia
M-PESA Safaricom launches a new digital payment service that allows customers to Pay for Fuel with M-PESA, starting today at Bole Total Fuel Station in Addis Ababa. The service enables motorists to pay for fuel quickly and securely using their mobile phones.
Visa and Whish Money Forge Strategic Alliance to Revolutionize Regional Fintech
Visa, a global payments technology leader, and Whish Money SAL, a leading regional fintech, has announced one of the most strategic partnerships in the region. This partnership will enable Whish to leverage Visa’s advanced services and technology for payments and money movement, while allowing Visa to expand its service offerings to over 1 million Whish app users.
A signing ceremony was held to commemorate this significant collaboration, marking a new chapter in the fintech landscape of the region.
G20 TechSprint 2025 Kicks Off, Focusing on Open and Secure Finance
The Bank for International Settlements (BIS) Innovation Hub and the South African Reserve Bank (SARB), under South Africa’s G20 Presidency, have launched the 2025 edition of the G20 TechSprint global competition.
Now in its sixth year, the initiative invites developers worldwide to propose solutions that strengthen trust and integrity in scalable, open financial systems.
This year’s focus areas—formulated by the BIS Innovation Hub and SARB—include verifiable and privacy-preserving digital identity solutions for financial institutions, consumer-consented credit data portability to support cross-border SME financing, and technologies to mitigate fraud and cyber risks.
Read more: https://fintechnews.sg/110952/innovation/g20-techsprint-2025/
Rwanda’s Five-Year Plan to Accelerate Fintech Adoption
Paula Musoni, the Minister of ICT and Innovation maintained that the development is part of Rwanda’s broader efforts to promote financial inclusion and support economic development through technology.
“This strategy represents not just a policy document, but our country’s commitment to positioning Rwanda as a leading fintech hub in Africa,” she said.
From just 3 registered fintech companies in 2014, Musoni pointed out that Rwanda is now host to over 75 active fintech players, serving more than 3 million users across the country, a growth that has contributed to the country’s financial inclusion rate which stood at 96 per cent by end of 2024.
Read more: https://allafrica.com/stories/202505070320.html
How Multi-Industry Fintechs Are Redefining Africa’s Digital Future
Africa’s digital economy is booming, and at its heart lies a fintech revolution that’s reshaping how businesses and consumers interact. In 2023, Nigeria alone saw ₦600 trillion ($400 billion) in electronic transactions, according to the Nigeria Inter-Bank Settlement System (NIBSS), with fintechs driving much of this growth.
While names like Moniepoint, Flutterwave, and Interswitch dominate headlines, a new breed of fintechs is quietly stealing the show: multi-industry players that serve not just one sector, but many.
These versatile innovators are bridging gaps in hospitality, energy, retail, insurance, and beyond, proving that fintech isn’t just about payments—it’s about transformation. Here’s why multi-industry fintechs are Africa’s next big bet and how they’re paving the way for a connected, prosperous continent.
Read more: https://leadership.ng/how-multi-industry-fintechs-are-redefining-africas-digital-future/
Cashless Wave Sweeps Latin America Amid Mobile, FinTech Boom
Latin America is undergoing a dramatic shift in how money moves. But it isn’t traditional financial institutions that are leading the charge. Instead, mobile wallets and real-time payment systems are rapidly gaining ground across the region, and these 21st century solutions to the age-old problem of money movement are even overtaking banks in the race to digitize transactions.
Data from the PYMNTS Intelligence April 2025 “Embedded Finance Tracker® Series” points to a region not only embracing cashless technology but leading in it.
The report shows that, across Latin America, cash is rapidly losing ground as consumers pivot to digital payments. In 2014, cash made up 67% of in-store transaction value. A decade later, that figure has dropped to 25%. eCommerce transactions have followed a similar trajectory. Digital payments accounted for 48% of online purchase value in 2024, up from just 14% a decade earlier. Their share is expected to climb to 66% by 2030 for eCommerce, and 49% of in-store transaction value.
