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
Columbian Fintech Minka Launches in Uganda, Bridging Gaps Between Financial Ecosystem Operators
KAMPALA, UGANDA: Prolific Columbian fintech startup – Minka – is happy to announce that it is bringing its wealth of experience from building and improving real-time payment networks across Latin America to Uganda.
Uganda stands as one of the first African countries Minka is expanding to citing low levels of financial inclusion, a heavy reliance on cash, and non-interoperable legacy payment systems, all pain points made more easily addressable with Minka.
Minka isn’t just another fintech startup. Minka bridges the gaps between banks, financial institutions, central banks, fintechs, and clearing houses online through shared and connected ledgers making the complex process of moving money simple, fast, and secure.
Tap Payments & Mastercard Launch World’s First ‘Click to Pay’ Service with Payment Passkey for eCommerce
Dubai, United Arab Emirates–(Newsfile Corp. – November 30, 2024) – Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, has partnered with Mastercard to launch the world’s first Click to Pay with Payment Passkey service, marking a breakthrough in secure online shopping globally.
Payment Passkeys transform the online shopping experience, eliminating cumbersome One-Time-Passwords (OTPs) in favor of simple biometric authentication like fingerprints or facial scans. This innovation, launched on Mastercard’s Payment Gateway by Tap Payments, makes transactions both faster and more fraud-resistant.
PayPal Launches Cross-Border Stablecoin Payments Through Xoom
PayPal has launched a partnership with its remittance provider Xoom to facilitate cross-border payments using its U.S. dollar-backed stablecoin, PayPal USD (PYUSD).
With the new initiative, PayPal is aiming to boost PYUSD access in key markets across Asia and Africa. Importantly, the move is designed to allow PayPal to settle transactions outside traditional banking hours.
Philippines financial services provider Cebuana Lhuillier, together with African Fintech company Yellow Card, will be used to process PYUSD-based transactions and boost business across the two continents.
Bank-to-Payless: Kenya’s Fintech is Growing Up Smart
- Payless launches its game-changing Bank-to-Payless feature, redefining youth-friendly mobile payments in Kenya.
- The feature simplifies direct transfers, reflecting Kenya’s rapid adoption of fintech and mobile banking solutions.
- With a young, tech-savvy customer base in mind, Payless is positioning itself as the next big thing in African fintech.
Swiping Right on Simplicity
Kenya’s Payless has dropped a bombshell on the fintech scene with its new Bank-to-Payless feature. This sleek addition makes sending and receiving money between traditional bank accounts and Payless wallets smoother than ever.
Read more: https://waya.media/bank-to-payless-kenyas-fintech-is-growing-up-smart/
ADB, Mastercard to Bridge US$2.5 Trillion MSME Financing Gap in Asia
The Asian Development Bank (ADB) and the Mastercard Impact Fund have forged a new partnership to tackle the pressing financing challenges faced by MSMEs in Asia and the Pacific.
This collaboration, facilitated by the Mastercard Center for Inclusive Growth, will initially focus on seven countries in the region – Georgia, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.
Leveraging a US$5 million grant from Mastercard, the initiative will provide financial institutions with risk-reduction capital, performance incentives, and capacity building to encourage lending to MSMEs.
Read more: https://fintechnews.sg/104471/financial-inclusion/adb-mastercard/
AWS launches an incident response service to combat cybersecurity threats
Companies often struggle with how to respond to cybersecurity incidents. According to one recent poll, only three out of five organizations have an incident response plan in place, and only around a third do regular drills to ensure that their plans remain effective.
The consequences of poor incident response are costly. The International Monetary Fund estimates that cyberattacks will cost the world more than $23 trillion by 2027, up from roughly $8.4 trillion in 2022.
It’s against this backdrop that Amazon sensed an opportunity. Today, Amazon Web Services (AWS), the company’s cloud computing division, launched AWS Security Incident Response, a service that aims to reduce the time it takes for a business to recover from a cyberattack.
