Africa

Africa is the world's second largest and second most-populous continent. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. With 1.2 billion people as of 2016, it accounts for about 16% of the world's human population.

Source: en.wikipedia.org

Liquidity Management Key to Taming FX Volatility in Emerging Markets
Liquidity Management Key to Taming FX Volatility in Emerging Markets
November 20, 2023  |  Cross-border Payments

Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16...

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Onafriq Partners With Ripple to Open Payments Corridors to Africa
Onafriq Partners With Ripple to Open Payments Corridors to Africa
November 08, 2023  |  Partnerships

Onafriq, formerly known as MFS Africa, has partnered with Ripple to boost the speed and efficiency of payments between Africa and several new markets. With...

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Revio Raises $5.2 Million to Grow Africa-Focused Payments Orchestration Platform
Revio Raises $5.2 Million to Grow Africa-Focused Payments Orchestration Platform
September 27, 2023  |  Investments

Revio, a payment orchestration platform, secured $5.2 million in a seed round to tackle the challenges and opportunities in the African payment ecosystem. The funding...

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Walmart Doubles-Down on Massmart in African Market Push
Walmart Doubles-Down on Massmart in African Market Push
September 11, 2023  |  Walmart

Walmart has reportedly renewed its commitment to Africa by increasing its online efforts at South African retailer Massmart. Walmart initially acquired a controlling stake in...

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Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
September 08, 2023  |  Partnerships

African payments startup Flutterwave is reportedly expanding into the Indian market through a partnership with IndusInd Bank. This move makes Flutterwave the first African company to scale up...

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Safaricom Launches M-Pesa Mobile Money Service in Ethiopia
Safaricom Launches M-Pesa Mobile Money Service in Ethiopia
August 27, 2023  |  Mobile Wallets

Kenyan telecom Safaricom has brought its mobile money service M-Pesa to Ethiopia. As the Financial Times (FT) reported Saturday (Aug. 26), the service went live in Africa’s second-most populous country...

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Report: African FinTech Flutterwave Planning an IPO
Report: African FinTech Flutterwave Planning an IPO
August 22, 2023  |  IPO

 Nigerian payments company Flutterwave is reportedly planning to go public. In an interview with Bloomberg News published Tuesday (Aug. 22), the company’s chief executive said it is moving forward...

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MTN Group CEO: Open to Selling Up to 30% of FinTech Business
MTN Group CEO: Open to Selling Up to 30% of FinTech Business
August 15, 2023  |  Digital-First Banking

African telecommunications company MTN Group Ltd. is seeking to include up to three more strategic investors in its telecom unit, said MTN Group CEO Ralph Mupita....

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Flutterwave Extends Remittances Solution to US and Canada
Flutterwave Extends Remittances Solution to US and Canada
August 01, 2023  |  Global Payments

Flutterwave has extended its remittance solution to the United States and Canada, enabling money transfers from those countries to Africa. With this expansion, the Send App can now...

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