Premier Credit Uganda, a subsidiary of Platcorp Group, has secured a $1.5 million investment from Enabling Qapital, a Swiss impact asset manager, to expand financial inclusion in Uganda. The funding will scale microfinance services, support SMEs, and extend access to credit for women, youth, and rural communities, reinforcing Platcorp’s leadership in sustainable finance across Africa.
Tag: FinTech
Verto Introduces Auto Exchange: A Seamless Way for Businesses to Secure Optimal FX Rates
Verto, a leading global payment solutions provider, has launched Auto Exchange, a new feature designed to help businesses secure optimal foreign exchange (FX) rates automatically. This tool allows users to set target exchange rates and trade amounts within the Verto platform, enabling seamless execution without constant monitoring. By automating this process, businesses can save time and ensure they never miss out on favorable FX rates. Auto Exchange empowers customers to focus on growing their businesses while Verto manages the FX execution for them.
Kenya’s Payments Evolution: What banks and fintechs can learn from M-Pesa and mobile operators
The article examines Kenya’s evolving payment ecosystem, highlighting the impact of M-Pesa and mobile operators on the financial landscape. It explores how banks and fintechs can learn from M-Pesa’s success in driving innovation and customer engagement, while also addressing the rising competition and evolving digital banking trends.
SOUTH AFRICA’S DIGITAL FUTURE HINDERED by RISING CYBER THREATS
The article discusses South Africa’s increasing vulnerability to cyber threats, particularly ransomware and digital extortion, which pose a significant challenge to the country’s ambition of becoming a leading digital economy. Despite strong digital infrastructure and growth in sectors like AI and fintech, South Africa’s cybersecurity efforts remain inadequate, with weak law enforcement and insufficient protections for critical infrastructure.
Bybit crypto heist: Five key lessons to prevent a repeat
Two-factor authentication, liveness checks, and a centralized approach reduce the likelihood or eventual impacts of a hack, says D24 Fintech Group.
EFTCorp delivers Africa’s first open-loop payment solution for Rubicon charging stations
EFTCorp’s innovative open-loop payment system enables users to charge their electric vehicles at Rubicon charging stations without the need for specific membership cards or apps. This advancement simplifies the charging process, promoting the adoption of electric vehicles in Africa.
Driving Digital Transformation in Emerging Economies Through Media, Fintech & EdTech
Aleph Group, a leading global enabler of digital advertising, fintech services and education technology, proudly marks its 20th anniversary with the launch of a bold company manifesto and video campaign, celebrating two decades of innovation, growth, and its mission to make the digital world more accessible for everyone.
Finance App Usage and Revenue Surge in Sub-Saharan Africa – AppsFlyer & Google Report
The new AppsFlyer & Google report highlights a significant surge in finance app usage and revenue across Sub-Saharan Africa. It explores how mobile financial services are transforming the region, fueled by digital adoption, mobile banking, and increasing access to fintech solutions. The report provides key insights into market growth, regional trends, and the potential of mobile financial applications to enhance financial inclusion.
Mukuru launches mobile wallet in Zimbabwe to bolster financial inclusion
This is the first development since Mukuru was awarded a deposit taking license in the country
Juicyway Unveils $3M Pre-Seed Funding to Transform Cross-Border Payments for Africans
P1 Ventures supports startup launching efficient currency exchange platform using stablecoin technology, enabling individuals and businesses to fully engage in the global economy.