HyperPay Introduces HyperTap, Turning Customer’s Smartphones Into POS Terminals
HyperPay, a payment gateway provider in the Middle East and North Africa, has ‘HyperTap’, a new service designed to enhance user experience and transaction security for small business owners and mobile-first users.
Launched by HyperPay at Seamless Middle East 2025 in Dubai, HyperTap is a payment system that transforms customers’ smartphones into contactless point-of-sale terminals. HyperPay leverages 3D Secure protocols to reduce the risk of fraud and verify the identity of cardholders in real-time, making the checkout process safer for both customers and merchants.
Fincra Secures South Africa Payment Licence to Boost Cross-Border Fintech Expansion
Fincra, a payment infrastructure provider that serves remittance companies and businesses, has obtained a Third Party Payments Provider (TPPP) licence in South Africa, allowing the company to process key local payment methods including debit and credit card transactions, electronic funds transfers (EFTs), real-time clearing (RTC), and rapid payments.
The licence aligns with Fincra’s ambition to expand its cross-border payment infrastructure and deepen its footprint across the continent through multiple payment rails. In South Africa, Fincra competes with other fintech startups, such as Yoco, Ozow, and Peach Payments, offering similar services.
StraitsX Unveils Refreshed Brand, Plans New Features for Stablecoin Settlement
Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-time payment settlements.
The company, originally founded as a payment gateway called Xfers to support treasury and settlement needs for SMEs, has evolved into a regulated platform enabling purpose-built, fiat-backed stablecoins designed for real-world payment use cases.
It said the brand update reflects its growing function as an infrastructure layer for institutional money movement.
Read more: https://fintechnews.sg/112180/digitalassets/straitsx-refreshed-brand/
Nigerian Fintech Carrot Credit Raises $4.2M to Offer Loans Using Digital Investments as Collateral
Carrot Credit, a Nigerian fintech startup, has secured $4.2 million in seed funding to scale its alternative credit service that allows users to obtain loans by pledging their digital investments as collateral. The funding round was led by US-based MaC Venture Capital, with participation from Authentic Ventures.
Founded in 2023 by Boluwatife Aiki-Raji, Carrot Credit is carving a niche in Africa’s lending landscape by enabling individuals to borrow without selling their investment portfolios. Instead of relying on traditional credit scores, the platform connects to users’ investment accounts, ranging from stocks and ETFs to fixed-income instruments like government bonds, and assesses their holdings to offer credit lines.
Unpacking ECOWAS’s Bold Tech Shift as West Africa Reimagines Regional Integration
The 50th anniversary of ECOWAS is being celebrated as the bloc undergoes sweeping geopolitical and technological changes that shape its digital future. The exit of Burkina Faso, Mali, and Niger into the Alliance of Sahel States has redirected geopolitical and technological dynamics.
Despite such a setback, ECOWAS remains steadfast about advancing the digital future for West Africa. The organization is now concentrating on collaboration, development of digital infrastructures, cross-border data exchange, and emerging infrastructures that promise to transform governance and commerce.
Read more: https://techtrendske.co.ke/2025/06/01/ecowas-digital-future-west-africa/
Africa must fix fragmented laws to up fintech innovation
This month, CEOs, heads of state, ministers, and business leaders from across the continent gathered in Abidjan for the 2025 Africa CEO Forum.
The energy was palpable, and so was the urgency. The theme, Africa in a Transactional World, asked a bold question: Can a new deal between state and private sector deliver the continent a winning hand?
The presidential panel that opened the summit didn’t pull any punches. Leaders from Rwanda, South Africa, Mauritania, and Côte d’Ivoire spoke with rare candour about the continent’s economic path.
