Egypt’s Instant Payments Network Reaches 22 Million Users as Digital Transactions Surge

Chamaine ChaferaNews

Egypt’s national instant payments infrastructure has reached nearly 22 million registered users, highlighting the rapid growth of digital payments as the country continues its transition towards a less cash-dependent economy. The Central Bank of Egypt said the country’s Instant Payment Network had processed around 1.47 billion transactions worth EGP 4.33 …

Dashen Bank and Visa strike five-year deal to expand digital payments in Ethiopia

Chamaine ChaferaFinance, Technology

Ethiopia’s digital payments landscape is set for further expansion after Dashen Bank and Visa agreed to a five-year partnership aimed at increasing the use and availability of electronic payment services across the country. The agreement, announced in Addis Ababa this 16 September, will focus on several areas of the payments …

Cameroon’s Looping Binary Unveils LBPay to Drive Digital Payments

Chamaine ChaferaTechnology

Looping Binary, a Cameroon-based technology company, has introduced LBPay, a new digital payments platform designed to simplify financial transactions and expand access to digital payment services in Cameroon. The platform brings multiple payment options together within a single ecosystem, enabling users to send and receive money, manage digital wallets and …

Mauritius Positions Payment Licence as Gateway for Africa’s Fintech Expansion

Chamaine ChaferaNews

Mauritius is positioning its financial services sector to capture a larger share of the expanding digital payments market by using its Payment Intermediary Services (PIS) licence as a platform for fintech companies targeting Africa and international markets. The licence, issued by the Financial Services Commission (FSC), allows approved businesses to …

Gabon Strengthens Digital Sovereignty with New Laws on Digital Payments

Chamaine ChaferaTechnology

Gabon is accelerating its digital transformation agenda after introducing two new ordinances designed to modernise financial transactions and strengthen the legal framework for managing digital records. The measures, presented to the Senate by Minister of Digital Economy, Digitalisation and Innovation, Mark-Alexandre Doumba, establish the legal foundations for digital payments and …

Burundi Unveils BurundiPay to Accelerate Digital Payments and Financial Inclusion

Chamaine ChaferaFinance, Technology

Burundi has taken a major step toward modernising its financial sector with the launch of BurundiPay, a national instant payment platform designed to enable real-time transfers and payments across banks, microfinance institutions and mobile money providers. The initiative marks a significant milestone in the country’s digital transformation agenda and aims …

Côte d’Ivoire Treasury Moves Closer to Acquiring Strategic Digital Payment Platforms

Chamaine ChaferaTechnology

ABIDJAN — Côte d’Ivoire’s Treasury is advancing efforts to take ownership of two key digital payment platforms used for collecting public revenues and processing government payments, in a move aimed at reducing costs and strengthening state control over critical financial infrastructure. The platforms, Trésor Pay and Trésor Money, currently play …

Ghana Expands Digital Finance Ecosystem With Biometric Identity Integration

Chamaine ChaferaFinance, Technology

Ghana is deepening integration between its national identity infrastructure and digital finance ecosystem as the government advances efforts to modernise electronic payments and improve access to formal financial services. The country’s Ghana Card platform is increasingly being used to support digital transactions, banking verification and ATM services through linked payment …

Nigeria Expands Instant Payment Infrastructure to Power Next Phase of Digital Economy

Chamaine ChaferaTechnology

Nigeria is advancing its digital payments ecosystem with new upgrades to its instant payment infrastructure, reinforcing its position as one of Africa’s leading fintech markets. In recent developments, the Nigeria Inter-Bank Settlement System (NIBSS) confirmed enhancements to its real-time payments platform, aimed at improving transaction speed, reliability, and interoperability across …

Ghana Leads Africa’s Digital Identity Evolution with Multi-Use National ID Platform

Chamaine ChaferaTechnology

Ghana is emerging as a continental frontrunner in digital identity innovation, following the rapid expansion of its national ID system into a multi-functional platform designed to underpin financial services, public administration, and economic inclusion. In early April, authorities confirmed the continued rollout of new capabilities linked to the Ghana Card—its …

Visa-Backed Innovation Brings Tap-to-Pay Mobile Payments to Tanzania

Chamaine ChaferaFinance, Technology

Tanzania has taken a significant step forward in its digital payments evolution with the rollout of a new contactless mobile money feature, marking a convergence of telecommunications infrastructure, fintech innovation, and global payment networks. The new system enables users of the M-Pesa platform to make tap-to-pay transactions directly from their …