Vodacom Eyes African Fibre JVs, Keeps FinTech As Core Business
Vodacom Group is actively pursuing fibre joint ventures (JVs) across its African markets while maintaining its FinTech business as a core operation, with no plans for unbundling.
The Vodafone-owned telecom giant remains committed to expanding digital infrastructure despite regulatory hurdles in South Africa.
OpenPayd Partners with SCRYPT to Expand Euro Payment Infrastructure
OpenPayd, a London-based financial infrastructure provider, has announced a new partnership with SCRYPT, a Swiss-licensed company offering crypto solutions for institutional clients.
The partnership will enhance SCRYPT’s Euro payment capabilities, supporting its aim to provide efficient, compliant settlement services to institutions.
SCRYPT handles billions in institutional trading volume each month and works with a broad client base, including traditional financial institutions, Web3 companies, institutional and retail brokers, fintech firms, payment service providers, family offices and banks.
Read more: https://fintechnews.ch/payments/openpayd-scrypt-partnership/76250/
Cross Switch Partners with Pesawise to Enter Kenyan Market
Global fintech firm Cross Switch has expanded into Kenya, teaming up with local payment provider ‘Pesawise’ in a move aimed at capturing a pie of the country’s fast-growing digital payments market.
- The partnership brings Cross Switch’s unified payments infrastructure to Kenya, allowing merchants to accept payments across card networks, mobile money, and bank transfers.
- By joining forces with Pesawise, a fintech licensed by the Central Bank of Kenya (CBK), Cross Switch will operate under its partner’s regulatory grounding and access local market expertise.
- Kenya’s dominance in mobile money transactions first has made it an attractive destination for fintech firms looking to scale across East Africa.
Read more: https://kenyanwallstreet.com/cross-switch-partners-with-pesawise-to-enter-kenyan-market/
FAB, Oracle, and Mastercard Redefine B2B Payments in MENA
First Abu Dhabi Bank (FAB), UAE’s global bank and one of the world’s largest and safest financial institutions, is the first bank in the Middle East and North Africa (MENA) to pilot an innovative embedded finance and payments solution developed in partnership with Oracle and Mastercard. This collaboration combines the strengths of the two industry leaders to revolutionize business-to-business (B2B) finance and payments processes for FAB clients, enhancing efficiency, security, financial transparency, and supplier relationships.
The integration of Mastercard’s virtual card platform directly into Oracle Fusion Cloud Enterprise Resource Planning (ERP) software, addresses common challenges in commercial payments—such as fragmented data, systems, and processes—by delivering a seamless turnkey payment solution that eliminates the need for costly and time-consuming technology implementations.
Read more: https://techafricanews.com/2025/05/19/fab-oracle-and-mastercard-redefine-b2b-payments-in-mena/
Ripple Signs Two More Payment System Customers in UAE Expansion
Ripple said it signed on two new UAE-based customers, Zand Bank and Mamo, as it expands Ripple Payments, the firm’s blockchain-based cross-border payments platform, in the region.
The agreements follow Ripple securing a license from the Dubai Financial Services Authority (DFSA) in March, allowing it to manage global payments end-to-end for banks, fintechs and crypto firms.
Global Payments Launches New Genius™ POS Platform
ATLANTA–(BUSINESS WIRE)–Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced today the release of Genius, a powerful new POS command center for business operations.
“Going to market with a single, enhanced POS platform enables customers to enjoy the full range of features and commerce enablement solutions that we offer.” Cameron Bready, CEO, Global Payments
The launch of Genius is an important milestone in the company’s journey to streamline its ecosystem of innovative solutions, unifying all the Global Payments POS products that customers love into an all-in-one, intuitive and highly configurable new POS platform.
