Canada-Africa Fintech Summit – Canada-Africa Fintech Convergence – Nurturing Talents, Fueling Growth, Forging Cross-Border Prosperity for Sustainability
For more info., check here: www.cafsummit.com
VistaJet Spreads Wings Across African Skies with Regional Expansion
VistaJet has launched an ambitious expansion of its premium aviation services into East and Southern Africa, following successful operations in West Africa. The global business aviation company has initiated promotional activities in major urban centers including Nairobi, Johannesburg, and Cape Town.
The company’s strategic expansion provides dedicated aircraft services across the region, enabling direct flights between key African cities and international destinations. These routes connect major business hubs like Nairobi, Johannesburg, and Cape Town with global destinations such as London, eliminating unnecessary stops and reducing travel time.
India, Brazil, South Africa agree to use digital public infrastructure, AI and data for governance
Leaders from the G20 Troika – India, Brazil and South Africa – unveiled a landmark joint declaration on Digital Public Infrastructure (DPI), Artificial Intelligence and data for governance amid global economic growth at just over 3%, its lowest rate since the turn of the century.
Accelerating progress towards the SDGs requires inclusive digital transformation. The experiences of several G20 countries have demonstrated that well-designed DPI augmented by AI can enable the use of data for development, creating new jobs and delivering better health and education outcomes, the statement read. “Their adoption by G20 countries more widely has the potential to radically transform the lives of citizens, thereby renewing their faith in vibrant democratic principles. In this context, we recall the adoption of Global Digital Compact at the UN Summit of the Future. We also welcome the Global DPI Summit held in Egypt in 2024,” according to the joint declaration.
Yellow Card secures South African CASP licence
- Yellow Card has obtained a Crypto Asset Service Provider (CASP) licence in South Africa, enhancing its service offerings.
- This move allows Yellow Card to offer its cryptocurrency services within South Africa’s regulated financial framework, underscoring its commitment to compliance and growth across the continent.
- This came after it partnered with Coinbase and Block to expand access to digital assets and cross-border payments.
Founded in Nigeria in 2019, Yellow Card has rapidly expanded its footprint, now operating in 20 African countries and facilitating more than $3 billion in transactions. The company positions itself as the largest and first licensed stablecoin on-ramp/off-ramp in Africa. It provides businesses with secure and cost-effective methods to buy and sell stablecoins like USDT, USDC, and PYUSD via local currencies and its Payments API.
Read more: https://techpoint.africa/2024/11/20/yellow-card-south-african-casp-licence/
Beacon launches digital wallet for immigrants to Canada
Immigrants from around the world can open, fund and use Beacon Money prior to their arrival in Canada. Users can set up an account without having to visit a branch, or provide Canada-specific documents like Social Insurance Numbers, ID, local address or credit history.
Once in Canada, new arrivals can use the the wallet for salary disbursement, money transfers and bill payments. They also get a prepaid Visa card for online and offline payments and ATM withdrawals.
The wallet can be funded globally via the Swift network, with a specific Beacon Remit tool available for users from India.
Read more: https://www.finextra.com/newsarticle/45092/beacon-launches-digital-wallet-for-immigrants-to-canada
Crypto.com and Triple-A Simplify Crypto Payments for Online Shopping
Crypto.com has partnered with Triple-A to allow users to make purchases from various online merchants directly with crypto.
This service, starting in Singapore, will enable users pay with crypto from their Crypto.com wallet without the need to convert it to local currency, and also earn crypto rewards on their purchases.
Triple-A’s technology handles the conversion process seamlessly in the background.
The partnership aims to simplify crypto payments and make them more accessible for everyday use.
Read more: https://fintechnews.sg/104121/crypto/crypto-com-triple-a/
M20/20: Mastercard Maps Out Future of Payments Tech
Mastercard’s Chief AI and Data Officer Greg Ulrich discusses how the payments giant is leveraging AI to transform global finance and commerce
In an exclusive interview with FinTech Magazine at Money20/20, Greg Ulrich, Chief AI and Data Officer at Mastercard, outlined how the payments technology company is revolutionising its infrastructure to support next-generation AI capabilities.
AI-Powered Fraud Prevention
With more than 143 billion transactions processed annually, Mastercard faces unique opportunities in implementing AI solutions at scale.
Greg explains that fraud prevention remains at the forefront of the company’s AI strategy: “If you think about everything we’re doing in fraud monitoring, all of that is AI-enabled and it’s allowed us to protect the ecosystem in ways that we wouldn’t have been able to imagine just a few years ago.”
Read more: https://fintechmagazine.com/articles/m20-20-mastercards-ai-chief-maps-future-of-payments-tech
