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
Talk360 Launches NjiaPay to Revolutionize Payments for Africa
Talk360 introduces NjiaPay, a new payment platform aimed at streamlining transactions for African merchants using AI and machine learning, while enhancing its core mission to connect migrant communities.
Talk360 has announced the launch of its new payment platform NjiaPay, which will operate as a separate entity led by an experienced team of fintech executives.
Read more: https://techafricanews.com/2024/12/03/talk360-launches-njiapay-to-revolutionize-payments-for-africa/
Visa hosts 23 innovators at Africa fintech accelerator
Digital payments company, Visa, said it has hosted 23 innovative fintech startups that presented their groundbreaking solutions to an audience of venture capitalists, angel investors, ecosystem enablers, and business partners.
The fintech startups participated at the Demo Day for the second cohort of the Visa Africa Fintech Accelerator program which took place on in Cape Town, South Africa.
Senior Vice President and Head of Visa Sub-Saharan Africa at Visa, Aida Diara, said: “I am incredibly impressed by the innovative solutions presented by the startups. Their creative approaches to solving financial challenges are truly inspiring.
European Payments Council publishes 2025 payment scheme rulebooks
These updates will come into effect on 5 October 2025, marking a departure from the traditional November implementation timeline. The October 2025 date aligns with the implementation schedule of Regulation (EU) 2024/886, also known as the Instant Payments Regulation (IPR), which amends Regulation (EU) 260/2012 (the SEPA Regulation).
This adjustment ensures consistency across all relevant EPC schemes, simplifying preparation for Payment Service Providers (PSPs), Clearing and Settlement Mechanisms (CSMs), and technical service providers.
The IPR introduces new obligations for PSPs within the European Economic Area (EEA). Certain provisions will apply to PSPs in the Euro area (excluding Payment Institutions and Electronic Money Institutions) as early as 9 January 2025, and others will take effect by 9 October 2025.
Digital IDs can pave way for fintech innovations in Africa
Africa’s governments should consider providing citizens with digital identities as one way to minimise regulatory red tape and promote fintech start-up innovation.
Meagan Rabe, Visa’s head of digital partnership and ventures in Sub-Saharan Africa, suggested this on the sidelines of the Visa Africa Fintech Accelerator program’s second cohort yesterday in Cape Town.
The event connects African fintech start-ups with mentors to discuss investment opportunities and technology.
In an interview with ITWeb Africa, Rabe discussed how governments should update and improve legislation to accommodate African fintech startups.
Read more: https://itweb.africa/content/KWEBbvyLGVRqmRjO
HUB2 raises USD 8.5 million to unify payments in Francophone Africa
HUB2, a new start-up fintech from the Ivory Coast, has raised USD 8.5 million to create infrastructure and unify payments in Francophone Africa.
As a company from one of the most economically challenged and financially fragmented regions in the world, HUB2 works with payment companies, 55 neobanks, remittance firms and cryptocurrency providers.
Qatar Central Bank issues regulatory framework for digital banks
Qatar Central Bank (QCB) has issued the regulatory framework for digital banks, with the aim of regulating their activities in the country, in line with the third strategy for the financial sector and the financial technology strategy.
This step comes within the framework of Qatar Central Bank’s continuous efforts to regulate and develop the financial sector and support digital transformation.
The bank stressed the importance of the regulatory framework for digital banks, as it is an integral part of the bank’s efforts to enhance digital innovations and technological initiatives in the financial sector, in support of the country’s journey towards a digital economy.
