Nigerian consumers can reportedly now use their smartphone or wearable device to make in-store payments using a new Tap-to-Pay service launched by ProvidusBank, Mastercard, Interswitch and Thales Group. To make these transactions, consumers can tap near-field communication (NFC)-enabled smart devices at contactless-enabled payment terminals. They...
When it comes to tackling poverty and improving the quality of life of the world’s poor and excluded communities, the concept of financial inclusion has been used by governments, nongovernmental organizations (NGOs) and businesses as an index of people’s ability to access banking services and...
In today’s FinTech news, account-to-account (A2A) payments are top of mind for Token.io, while Amazon offers buy now, pay later (BNPL) options to consumers in Egypt. Plus, Interswitch raises $110 million in fresh capital, and BlueTape is expected to launch a virtual card to give...
In today’s top Europe, Middle East and Africa (EMEA) news, the European Parliament, the Council of the European Union and the European member states approve legislation aimed at lowering the threat of cyber attacks. Also, Nigerian agri-FinTech Tingo merges with MICT in a deal worth...
April 29, 2022
Accelerating financial inclusion and bringing un- and underbanked populations into the formal financial sector is increasingly on the agenda of several governments and policymakers in emerging markets. In Nigeria, where an estimated 38 million people, or 36% of adults, remain financially excluded, the government has set a target of 95% financial inclusion by 2024 — […]
September 09, 2022
Nigerian consumers can reportedly now use their smartphone or wearable device to make in-store payments using a new Tap-to-Pay service launched by ProvidusBank, Mastercard, Interswitch and Thales Group. To make these transactions, consumers can tap near-field communication (NFC)-enabled smart devices at contactless-enabled payment terminals. They can also make in-app and eCommerce payments, TechCabal reported Friday […]
May 13, 2022
Interswitch, a Nigerian digital payments company that is Africa’s second unicorn, has raised $110 million to help it expand, according to multiple news reports. The strategic investment came from LeapFrog...
November 12, 2019
Africa’s veteran FinTech firm Interswitch became the sector’s first unicorn following a $200 million investment by Visa that gave it a 20 percent equity stake in the firm, SkyNews reported...
July 03, 2017
Visa, the credit card company, and Interswitch, Africa’s integrated payments and transaction solutions company, announced news on Friday (June 30) that they will partner to accelerate mobile payments adoption across...
