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3232Mastercard, Safaricom Partner on Cross-Border Payments
https://www.digit.info/mastercard-safaricom-partner-on-cross-border-payments/
Fri, 20 Sep 2024 04:30:10 +0000https://www.digit.info/mastercard-safaricom-partner-on-cross-border-payments/Read more]]>Mastercard and Safaricom have partnered to improve payment acceptance and cross-border remittances in Kenya. The partnership will benefit over 636,000 merchants using M-Pesa and enable them to serve customers globally. This collaboration will provide faster and more reliable payment solutions for Kenyan businesses and their customers. Streamlining Cross-Border Transactions The multinational payment card services corporation, […]
]]>Tanzania Fintech Startup Nala Secures $40 Million via Series A Round
https://www.digit.info/tanzania-fintech-startup-nala-secures-40-million-via-series-a-round/
Thu, 11 Jul 2024 05:30:55 +0000https://www.digit.info/tanzania-fintech-startup-nala-secures-40-million-via-series-a-round/Read more]]>Tanzanian fintech startup Nala recently secured $40 million in a Series A funding round led by San Francisco-based venture capital firm Acrew Capital. The funds will be used to bolster Nala’s business-to-business (B2B) payment platform and support its overall growth plans. New Funding to Support Nala’s Growth Plans Tanzanian fintech startup Nala recently secured $40 […]
]]>Nigerian Blockchain-Based Payment Startup, Ivorypay, Partners With Stablecoin Issuer, Tether
https://www.digit.info/nigerian-blockchain-based-payment-startup-ivorypay-partners-with-stablecoin-issuer-tether/
Sun, 21 Apr 2024 08:38:14 +0000https://www.digit.info/2024/04/21/nigerian-blockchain-based-payment-startup-ivorypay-partners-with-stablecoin-issuer-tether/Read more]]>A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian […]
]]>Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders
https://www.digit.info/zimbabwean-blockchain-startups-launch-service-to-help-migrants-efficiently-move-funds-across-borders/
Wed, 01 Mar 2023 09:30:14 +0000https://www.digit.info/2023/03/01/zimbabwean-blockchain-startups-launch-service-to-help-migrants-efficiently-move-funds-across-borders/Read more]]>Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the two companies.” Harnessing the Benefits of the Blockchain The Zimbabwean blockchain startup Flex ID and […]
]]>An African Perspective on Why the World Needs Cryptocurrencies
https://www.digit.info/an-african-perspective-on-why-the-world-needs-cryptocurrencies/
Wed, 29 Dec 2021 12:00:14 +0000https://www.digit.info/2021/12/29/an-african-perspective-on-why-the-world-needs-cryptocurrencies/Read more]]>Rising cryptocurrency use in Africa over the past few years has not only shown that digital currencies are now a vital means of moving funds across borders and between people, but that cryptocurrencies are also an important means of accessing global markets for the financially excluded. Cryptocurrency Now a Necessity Despite ongoing efforts by regulators […]
]]>Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate
https://www.digit.info/pandemic-drove-adoption-but-information-dissemination-just-as-important-kenya-based-blockchain-advocate/
Thu, 02 Dec 2021 13:00:52 +0000https://www.digit.info/2021/12/02/pandemic-drove-adoption-but-information-dissemination-just-as-important-kenya-based-blockchain-advocate/Read more]]>The adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe their work is partly the reason many are turning to digital currencies. Importance of Education Starting in the first quarter of 2020, the adoption of […]
]]>Remittances to Africa Set to Drop by 5.4 % to $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed
https://www.digit.info/remittances-to-africa-set-to-drop-by-5-4-to-41-billion-covid-19-pandemic-and-high-sending-costs-blamed/
Tue, 21 Sep 2021 10:19:42 +0000https://www.digit.info/2021/09/21/remittances-to-africa-set-to-drop-by-5-4-to-41-billion-covid-19-pandemic-and-high-sending-costs-blamed/Read more]]>According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4 per cent drop, a […]
Mastercard and Safaricom have partnered to improve payment acceptance and cross-border remittances in Kenya. The partnership will benefit over 636,000 merchants using M-Pesa and enable them to serve customers globally. This collaboration will provide faster and more reliable payment solutions for Kenyan businesses and their customers. Streamlining Cross-Border Transactions The multinational payment card services corporation, […]
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Tanzanian fintech startup Nala recently secured $40 million in a Series A funding round led by San Francisco-based venture capital firm Acrew Capital. The funds will be used to bolster Nala’s business-to-business (B2B) payment platform and support its overall growth plans. New Funding to Support Nala’s Growth Plans Tanzanian fintech startup Nala recently secured $40 […]
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A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian […]
]]>
Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the two companies.” Harnessing the Benefits of the Blockchain The Zimbabwean blockchain startup Flex ID and […]
Rising cryptocurrency use in Africa over the past few years has not only shown that digital currencies are now a vital means of moving funds across borders and between people, but that cryptocurrencies are also an important means of accessing global markets for the financially excluded. Cryptocurrency Now a Necessity Despite ongoing efforts by regulators […]
The adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe their work is partly the reason many are turning to digital currencies. Importance of Education Starting in the first quarter of 2020, the adoption of […]
According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4 per cent drop, a […]