Navigate and Comply with Regulations with Ease through International Standards and Industry Frameworks: Fostering a Culture of Transparency and Accountability – West Africa Webinar
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Navigate and Comply with Regulations with Ease through International Standards and Industry Frameworks: Fostering a Culture of Transparency and Accountability – East Africa Webinar
Register here: https://lnkd.in/eHjvMg5K
Flutterwave Expands Remittances Offering in Malawi With Send App Launch
In September 2024, Flutterwave, the African paytech, received an ‘International Money Transfer Operators’ (IMTO) licence from the Reserve Bank of Malawi, bringing the firm’s offering into the country. Building on this, Flutterwave has now launched its flagship remittance product, Send App by Flutterwave, in Malawi.
Following the announcement, Malawi residents and Malawian communities across the UK, US and Europe, will now be able to utilise the Flutterwave Send App to send money with favourable exchange rates to their families and friends. Users will be able to receive funds on both mobile apps and web devices. They will also have 24/7 in-app assistance and a dedicated support team.
Send App also relies on the same highest global security standards Flutterwave uses for protecting data and funds. The service was relaunched in 2023 with expanded access to support transfers from the US and Canada. In doing so, Flutterwave’s offering has been strengthening the bonds between Africans in the diaspora and their families and loved ones at home.
Read more here: https://thefintechtimes.com/flutterwave-expands-remittances-offering-in-malawi-with-send-app-launch/
Govt commits to tech-driven global market protection
DAR ES SALAAM: THE government has reaffirmed its commitment to collaborating with financial service providers to enhance global market protection through technology.
Deputy Governor, Ms Sauda Msemo expressed the commitment during the East African Financial Service Providers Forum, organised by the Tanzania Fintech Association (TAFINA) in Dar es Salaam.
“The government will continue to oversee investment activities both domestically and across Africa through the financial sector, ensuring that banks and financial institutions effectively manage service delivery and reduce transaction costs for the public,” Ms Msemo said.
Read more here: https://dailynews.co.tz/govt-commits-to-tech-driven-global-market-protection/#google_vignette
Uchi Uchibeke and Chimoney Plan to Simplify Global Payments for Businesses with Interledger Integration
Uchi Uchibeke is leading a payment revolution. Through Chimoney—a Toronto-based fintech company—he is transforming how businesses in the U.S., Canada, Europe, and beyond operate globally. By expanding its partnership with the Interledger Foundation, Chimoney is making cross-border payments faster, more secure, and scalable, delivering what Uchi calls a “Fintech in a Box” solution.
At the core of this innovation is Chimoney’s simple Payment APIs and SDKs, which enable businesses to perform Peer-to-Peer (P2P) transfers, accept payments, and disburse funds globally—all in just weeks instead of the months it traditionally takes to launch payment integrations.
Starlink Expands Across Africa but Encounters Challenges in South Africa
As Starlink’s internet service continues to navigate the intricate digital landscape of Africa, its entry into South Africa has not been without obstacles.
Originally set to launch in 2023, the company owned by Elon Musk finds itself entangled in a maze of regulatory hurdles and prolonged negotiations, causing its South African debut to be postponed indefinitely.
For a tech giant that aims to dominate space, the terrestrial challenges of maneuvering through South Africa’s complex regulations have emerged as a significant obstacle.
Read more here: https://www.techinafrica.com/starlink-expands-across-africa-but-encounters-challenges-in-south-africa/#google_vignette
B2B Payments Market Size is Surpassing USD 4,151.35 Billion by 2033, Growing at Projected 9.38% CAGR
The global B2B payments market has grown due to rapid automation and digitization, greater international trade, and business sector expansion initiatives. Asia-Pacific emerged as the most significant global B2B payments market, with a 36.7% market revenue share in 2023.
Newark, Sept. 14, 2024 (GLOBE NEWSWIRE) — The global B2B payments market, valued at USD 1,693.60 billion in 2023, is expected to grow at a CAGR of 9.38% from 2024 to 2033. This growth is driven by the rapid adoption of automation and digitalization, the expansion of international trade, and strategies for business sector growth. Increased cross-border transactions involving more suppliers, retailers, and companies further support market expansion. Challenges such as payment theft and business closures need to be addressed. However, technological advancements in automation and emerging partnerships among market players are likely to create new opportunities in the future.
Read more here: https://www.fintechfutures.com/techwire/b2b-payments-market-size-is-surpassing-usd-4151-35-billion-by-2033-growing-at-projected-9-38-cagr/
Lloyds Banking Group plans 292 branch closures in 2025
Lloyds, Halifax, and Bank of Scotland branches will be shut down, limiting in-person banking services for users. 45 Bank of Scotland branches, 119 Halifax, and 128 Lloyds bank branches have been closed or are closing in the UK.
For a full list of closures including planned shutdown dates, see here.
Post offices are alternatives to in-person banking where cut-off communities can receive banking support. Labour pledged to open 350 shared banking hubs in the lead up to the election.
Read more here: https://www.finextra.com/newsarticle/44726/lloyds-banking-group-plans-292-branch-closures-in-2025
