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Network International Expands Into Morocco to Advance Payments Market
The Moroccan payments sector is rapidly digitising. As a result of this shift, Network International, the digital commerce enabler in the Middle East and Africa, is looking to capitalise on the market as it expands into the country.
Network International is committed to accelerating the digitalisation of payments in the Kingdom, as it furthers its strategic expansion in Francophone Africa. It will do so by tailoring to the needs of Moroccan financial institutions and businesses.
Major events such as the Africa Cup of Nations 2025 and the FIFA World Cup 2030 on the horizon will be pivotal in ensuring the payments market continues to grow.
Read more here: https://thefintechtimes.com/network-international-expands-into-morocco-to-advance-payments-market/
ValU partners with Flash to expand cashless payment solutions in Egypt
ValU has entered a partnership with the Egyptian cashless payments aggregator Flash to improve the digital payment experience for customers and merchants in Egypt, as per an emailed press release to Arab Finance.
Flash provides QR code-based payment solutions, allowing merchants to accept payments without investing in hardware devices, replacing traditional POS systems.
Through this partnership, valU will be available as a payment option across Flash’s merchant network, enabling users to pay for shipments, F&B orders, and more using valU both in-store and upon delivery.
Read more here: https://www.zawya.com/en/business/banking-and-insurance/valu-partners-with-flash-to-expand-cashless-payment-solutions-in-egypt-rf72gvj8
A2X taps Finalto PB offering to improve market access in South Africa
Trading software and liquidity services provider Finalto has partnered with A2X, a low-cost platform in South Africa that provides real-time price data.
The alliance seeks to make it easier for brokers, asset managers, banks, and traders to access South African-listed companies and ETFs through Finalto’s network.
The collaboration will see Finalto’s trading platforms integrate A2X’s technology, providing local and international clients with a more streamlined trading experience. Both companies see the partnership as an opportunity to improve market accessibility in South Africa’s financial sector.
Read more here: https://financefeeds.com/a2x-taps-finalto-pb-offering-to-improve-market-access-in-south-africa/
Swedish Fintech Firm Vilja Expands into ASEAN, Chooses Malaysia as HQ
Vilja Solutions, a provider of cloud-based core banking platform, has selected Kuala Lumpur as its ASEAN headquarters, marking its expansion into the region.
Around 60 digital banking industry leaders from Malaysia gathered at the event, joined by Swedish and Malaysian government representatives.
Swedish Ambassador to Malaysia, H.E. Niklas Wiberg expressed support for Vilja’s initiative and highlighting the importance of promoting innovation that drives economic growth and financial inclusion.
Read more here: https://fintechnews.sg/101850/thailand/vilja-kuala-lumpur-asean-headquarters/
Regulators and fintech innovators in Africa need to talk more
The African continent looks set to realize around $230 billion in financial sector revenue by 2025, despite various political and economic challenges, according to a McKinsey report on Africa’s evolving fintech industry.
The report further reveals the only factor that could prevent the continent from realizing this goal is its ability to reach the continent’s 1.4 billion-strong population, providing them with the services they so desperately need to establish and run businesses at home and across the region.
Read more here: https://www.fastcompany.com/91200175/regulators-and-fintech-innovators-in-africa-need-to-talk-more
Mastercard to Acquire Minna, Giving Users More Control Over Subscriptions
Payments giant Mastercard has agreed to acquire Minna Technologies, a company that helps consumers manage subscriptions through banking apps and websites, pending regulatory approval.
The acquisition aims to enhance Mastercard’s suite of services by offering consumers an easier way to handle their subscriptions.
With the global subscription market growing rapidly—currently at 6.8 billion and expected to reach 9.3 billion by 2028, according to Juniper Research—Mastercard sees an opportunity to improve the subscription experience for both consumers and businesses.
Read more here: https://fintechnews.sg/101903/payments/mastercard-acquire-minna/
UK Post Office axes MoneyGram services in wake of cyber attack
A long-term contract between the two expired at midnight on 30 September. It was set to be renewed but the cyber issue which knocked out MoneyGram services for several days last month has changed the plan.
In a message to subpostmasters, reported by Computer Weekly, the Post Office says: “Post Office and MoneyGram have been in contract negotiations since June of this year and had expected to agree a new contract to roll on from 1 October 2024. The contracting process was in the final stages when, unfortunately, MoneyGram suffered the cyber attack.”
Read more here https://www.finextra.com/newsarticle/44814/uk-post-office-axes-moneygram-services-in-wake-of-cyber-attack
