Early-Bird Registration Now Open for the Canada-Africa Fintech Summit 2025
The Canada-Africa Fintech Summit 2025, scheduled for May 21-24 at the University of Toronto, promises to be a landmark event, uniting influential stakeholders from Canada, Africa, and beyond. Organized by the Africa Fintech Network, Affinity Global, and Opolo Global in partnership with the Africa Trade Desk, this summit is designed to propel collaboration, drive innovation, and encourage sustainable growth within the digital finance and technology sectors. Under the theme Canada-Africa Fintech Convergence – Nurturing Talents, Fueling Growth, and Forging Cross-Border Prosperity for Sustainability, the event will spotlight the critical role of fintech talent as a driver of green transformation and explore strategies to leverage this potential across regions.
Innovate together, Advance as one
Innovate together, Advance as one
Fintech Startup DigMo Launches In Zambia
DigMo, a new financial service company that brings gamified wealth-building tools to low and middle-income earners in Zambia has been launched.
Licensed by the Bank of Zambia to operate a wallet, the fintech created for underserved users provides access to engaging products with great incentives. As part of the move to expand DigMo’s capabilities and reach, James Chona has been appointed Chairman and will advise on efforts to grow DigMo in Zambia.
https://cioafrica.co/fintech-startup-digmo-launches-in-zambia/
Nium and Ecobank Partner to Bring Real-Time Cross-Border Payments to 35 African Markets
Nium, the leading global infrastructure for real-time cross-border payments, announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers. This partnership is set to revolutionise the region’s payments landscape by enabling faster, more efficient international payments for businesses and consumers alike.
Of Central Banks and Driving Fintech Innovation in Africa
The traditional financial system, led by brick-and-mortar banks, has historically supported economic growth. However, it could not enable access for many to be financially included and was saddled with service inefficiencies.
Over the last decade, technological innovations like ATMs, online banking, and mobile banking were deployed to transformed financial services and address some of its challenges.
Mastercard and Tap Payments to Launch Click to Pay With Payment Passkey
Mastercard and Tap Payments have partnered to introduce a Click to Pay with Payment Passkey service for eCommerce transactions.
The companies plan to launch the service in the United Arab Emirates (UAE) and then expand it to other markets across Eastern Europe, the Middle East and Africa, they said in a Tuesday (Nov. 12) press release.
South Africa warns Banxso License Remains Revoked Despite Court Ruling
South Africa’s Financial Sector Conduct Authority (FSCA) today reminded the public that Banxso still does not have a license to operate, despite a recent court decision.
“The authority reiterates that Banxso’s licence has not been reinstated and that it cannot lawfully conduct any financial services business or receive any deposits from clients for such purpose,” the FSCA statement reads.
https://financefeeds.com/south-africa-warns-banxso-license-remains-revoked-despite-court-ruling/
Visa Invests in Four African Fintech Startups
Visa has announced new investments in four African fintech startups from the first cohort of its Visa Africa Fintech Accelerator Program. The specific amounts invested in each startup have not been disclosed. The selected startups include OZÉ from Ghana, which provides embedded financial services for small- to medium-sized businesses (SMBs).
Workpay from Kenya is an HR tech platform that supports payroll and compliance. Pngme from Nigeria offers digital address verification. Orda, based in Nigeria, Kenya, and South Africa, is a restaurant software provider digitizing operations for over 1,500 restaurants.
https://www.killerstartups.com/visa-invests-in-four-african-fintech-startups
Singapore and China Boost Financial Ties with New Green Finance Initiatives
The MAS unveiled a series of green finance and capital markets initiatives aimed at bolstering financial cooperation with China.
One of the key initiatives involves the China-Singapore Green Finance Taskforce (GFTF), which was established in 2023 in collaboration with the People’s Bank of China (PBC). The task force is set to enhance the Common Ground Taxonomy under the International Platform on Sustainable Finance’s framework to include the Singapore-Asia Taxonomy.