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
Fintech partners Access Bank on WhatsApp-powered card
Mama Money Financial Services, a fintech specialising in cost-effective money transfers, has launched a new bank card that enables cardholders to manage their account and money through a custom-made WhatsApp solution.
In collaboration with Access Bank and Pick n Pay, the Mama Money Card aims to overcome the challenges faced by millions in the country where there are barriers to conventional banking services.
The firm explained in a statement on Tuesday that using WhatsApp, a Mama Money Card customer can easily manage their account.
Read more: https://punchng.com/fintech-partners-access-bank-on-whatsapp-powered-card/#google_vignette
Remittance Services in Africa: What Businesses Need to Know
Remittances represent a major source of financial inflow for African countries. The United Nations identifies remittances as a vital lifeline for more than 200 million Africans. It notes that beyond supporting the lives and livelihoods of families in the senders’ countries of origin, remittances or cash transfers represent solidarity and symbolise the generosity and resilience of the African community on the continent and beyond.
In 2023, remittances in Africa reached almost $100 billion, equalling nearly 6 per cent of the continent’s Gross Domestic Product (GDP) and exceeding Foreign Direct Investment (FDI) figure of $48 billion.
Within Sub-Saharan Africa, key markets for remittances are Nigeria, Kenya, Ghana and South Africa, with Nigeria alone receiving nearly half of all Sub-Saharan Africa’s remittances.
Read more: https://championnews.com.ng/2024/11/26/remittance-services-in-africa-what-businesses-need-to-know/
UK Targets 2026 for Crypto Rules as Digital Asset Ownership Climbs
The United Kingdom’s Financial Conduct Authority published its cryptocurrency regulation roadmap amid increasing digital asset ownership.
It plans to issue its final crypto rules in 2026.
The roadmap also outlines a series of “focused consultations,” an approach designed to make policy development transparent and help people participate by making the process more manageable and flexible, according to a Tuesday (Nov. 26) press release.
“Our research results highlight the need for clear regulation that supports a safe, competitive and sustainable crypto sector in the U.K.,” Matthew Long, director of payments and digital assets at the FCA, said in the release. “We want to develop a sector that embraces innovation and is underpinned by market integrity and consumer trust. We’re committed to working closely with the government, international partners, industry and consumers to help us get the future rules right.”
Yellow Card Partners with Onramper
Onramper today announced a partnership with Yellow Card, Africa’s leading stablecoin on- and off- ramp, to enhance fiat-to-crypto onboarding across the continent. As part of the collaboration, Onramper will integrate Yellow Card’s on- and off-ramps into its aggregation offering.
Yellow Card launched in Nigeria in 2019 and has quickly become one of Africa’s fastest-growing fintechs, now present in 20 countries with over 1.7 million retail customers. It is the first and largest licensed stablecoin on- and off-ramp on the African continent, providing secure and cost-effective methods to buy and sell USDT, USDC, and PYUSD via local currency and its Payments API.
Onramper will add three of Yellow Card’s local payment methods to its growing stack, enabling the purchase of stablecoins (and other coins) in 20 African countries using local mobile money, bank transfers, and instant peer to peer bank transfers.
Read more: https://ffnews.com/newsarticle/cryptocurrency/yellow-card-partners-with-onramper/
Axian Telecom launches unified pan-African brands for its mobile network operators and fintech operations
AXIAN Telecom, a leading pan-African telecom group, is excited to announce the rebrand of its mobile network operators in Madagascar, Comoros, Senegal, Togo and Tanzania to Yas and the rebrand of its fintech operations in Senegal, Togo and Tanzania to Mixx by Yas. The rebrand signals AXIAN Telecom’s commitment to becoming the heartbeat of Africa’s digital revolution, creating unlimited opportunities and enhancing lives through cutting edge digital and financial solutions as it gears up for ongoing sustainable growth across its footprint.
Yas, a brand that echoes the rhythm of Africa, has been developed with the customer in mind, ensuring it aligns with AXIAN Telecom’s aim to create a pan-African powerhouse which brings a more streamlined customer experience and innovations that are solutions driven with real impact. The brand embodies a youthful and optimistic spirit, reflecting Africa’s current phase of growth. More importantly, Yas positions itself as a trusted ally to its customers and stakeholders, committed to helping them unlock their digital potential together.
A once-in-a-lifetime project, Yas aims to resonate deeply with people on the continent, fostering unity and driving our commitment to being united in possibilities. Yas, a brand created by Africa for Africa, believes in a shared purpose and emphasises the importance of local innovation in driving forward the digital transformation of the continent.
HSBC launches transactions platform for firms seeking international growth
Smart Transact helps firms manage their transactions through a streamlined and flexible payments service delivered through a single platform. Users get access to a suite of HSBC services which provide the core capabilities they require to grow internationally – a current account, domestic and cross border payment capability and HSBCnet.
Clients can also add additional services as their business needs evolve, such as corporate cards and savings accounts, as well as integrate HSBC’s tools and services into their own systems.
Smart Transact is available in India, the UK, US, Hong Kong, Singapore, Australia, Ireland, the Netherlands and France, with plans to launch in China, the UAE and Germany by the end of the year.
