Africa’s progress will be powered by payments without borders
Africa Day is a moment to celebrate who we are as a people. Our unity, our diversity, and the unstoppable momentum of our progress. And today, nothing brings us together more than the digital tools that are helping us dream bigger, connect deeper, and build a shared future. Among these tools, digital payments have become the new lifeblood of Africa’s growth story. At Flutterwave, we believe that payments are not just transactions. They are the fuel powering hopes, dreams, and opportunities across the continent and beyond.
Africa is moving fast. Everywhere you look, fintech is reshaping our economies, making it easier for people to do business across borders, send money home, start something new, or simply pay for a service with the click of a button. This shift is deeply personal to me. When we started Flutterwave nearly 10 years ago, we wanted to solve a simple but massive problem: how can African businesses receive payments from anyone, anywhere in the world? Back then, cross-border payments were difficult, expensive, and frustrating. Today, after processing over 890 million transactions and expanding our reach to 60 per cent of the continent, we are proud to be building the financial rails that carry the dreams of millions.
Read more: https://guardian.ng/opinion/africas-progress-will-be-powered-by-payments-without-borders-2/
16 FinTech firms licensed, leading digital transformation in non-banking sector: Egypt’s FRA
Sixteen companies have obtained financial technology (FinTech) licences from Egypt’s Financial Regulatory Authority (FRA) and are spearheading digital transformation efforts in the non-banking sector, its chairperson Mohamed Farid said on Monday.
Four companies currently offer outsourcing services and are registered with the authority, with new entrants anticipated, Farid stated.
Speaking at the fourth edition of Caisec25, an information security and cybersecurity conference and exhibition in Cairo, Farid said that approximately 110 institutions and entities currently comply with the FRA’s cybersecurity requirements. He noted, however, that the total number of companies and institutions under the FRA’s supervision across various activities and markets exceeds 3,500.
Oui Capital urges fintech investors to prioritise Africa’s cross-border payments infrastructure
Anew report on Africa’s cross-border payments market has urged fintech investors to shift their focus from consumer apps to the infrastructure powering the system.
With the market projected to grow from $329 billion in 2025 to $1 trillion by 2035, the report warns that ignoring the underlying rails could mean missing out on the sector’s most valuable opportunities.
Released by early-stage venture capital firm Oui Capital, the report argues that while mobile money apps and neobanks have grabbed headlines in recent years, it’s the infrastructure behind them — FX liquidity layers, payment APIs, and compliance rails — that will determine whether the industry can scale sustainably.
Read more: https://techpoint.africa/insight/oui-capital-cross-border-payments/
Cross-border payments: 22 Nigerian commercial banks join PAPPS scheme
A total of 22 Nigerian commercial banks have now joined the Pan-African Payment and Settlement System to facilitate cross-border payments across the continent.
PAPPS disclosed this in its updated list of participating banks for May 2025.
According to the list, Nigeria now has the highest number of participating banks, followed by Ghana, which has 19 banks onboarded on the platform.
Igbigi launches to tackle online fraud in Africa with escrow-powered payment platform
In response to the surge in online fraud across Africa, fintech company Igbigi has introduced a powerful solution designed to restore trust in digital transactions and protect users from financial scams.
Every day, thousands of Nigerians and Africans lose their hard-earned money to fraudulent vendors, unverified marketplaces, and risky peer-to-peer deals. Igbigi was created to end this cycle by offering a secure and reliable payment system that shields users from online deceit.
Unbanked to Empowered: the real test for mobile finance in Africa
Africa’s young, tech-savvy population is leading the charge in reshaping the continent’s future. As home to the fastest-growing demographic in the world, Africa’s youth are not only influencing tomorrow’s society but are also at the heart of innovation in financial services, particularly through the adoption of mobile technology.
Industry collaboration is increasingly vital for ensuring that the benefits of mobile-enabled financial services are widely accessible, with diverse stakeholders working together to open new doors for financial inclusion. Whereas financial inclusion was once constrained by legacy banking systems, it is now gaining momentum thanks to the widespread use of mobile devices.
JCB Partners with PayXpert to Expand Card Acceptance in Europe and the UK
JCB, Japan’s international payment brand, has announced a strategic partnership with PayXpert, a payment services provider operating across Europe and the UK, aimed at increasing the acceptance of JCB cards in these markets.
The agreement is expected to improve the payment experience for both regional merchants and international JCB cardmembers.
With a global base of 169 million cardmembers, JCB aims to make card usage more accessible at a broader range of businesses in Europe and the UK.
Read more: https://fintechnews.ch/payments/jcb-payxpert-partnership/76405/
