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PayPal announced they accept cryptocurrency payments
Mar 31,2023
Online payments giant PayPal company, announced today that they will start accepting cryptocurrencies as the means of payment on their platform. At the start PayPal will accept Bitcoin and Ether cryptocurrency which are the biggest currencies, in the...
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Coronavirus leads to an increase in use of fintech apps
Mar 30,2023
The outbreak of the coronavirus has led to an increase in use of fintech apps. A survey conducted by deVere Group revealed that the use of fintech apps in Europe went up by 72% in one week.
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Uganda: Driving inclusive socio-economic progress through mobile-enabled digital transformation
Mar 28,2023
The GSM Association (GSMA) released a report on mobile-enabled digital transformation in Uganda in co-operation with the government of Uganda and a number of international development agencies. The report was launched during a high-level ro...
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Ghana launches universal QR payment system
Mar 26,2023
The Bank of Ghana has begun issuing universal quick response(QR) codes for use in inter bank payment. The system was launched by Vice President Dr. Mahamudu Bawumia, who explained that the system was targeted at all merchants including those in the&n...
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Singapore, France ink deal on smart transport, agri-food, other digital and green issues
Mar 21,2023
In a joint ministerial statement, the Singapore Minister-in-charge of Trade Relations S Iswaran and the French Minister Delegate for Foreign Trade and Economic Attractiveness Frank Riester signed the France-Singapore Digital and Green Partnership (DG...
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Kenyan bank sets aside Ksh. 30 bn for Corona loans
Mar 20,2023
Kenyan bank KCB Group has set aside Ksh. 30 bn to be advanced as  loans to individuals and small and medium enterprises affected negatively by the Coronavirus pandemic. Facilities of between Ksh. 50 -Ksh. 1 million will be available to persons a...
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UNOSSC launches digital tool to support South-South digital co-operation
Mar 19,2023
Prior to theSecond High-level UN Conference on South-South Cooperation 20-22 March 2019, UN Office for South-South Cooperation (UNOSSC) launched 'South-South Galaxy' which is a global knowledge sharing and partnership platform that helps developing c...
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US start-up introduces data based credit scoring model
Mar 18,2023
US data analytics company Aliya has launched aSCORE, an alternative credit scoring model that predicts risk and resiliency of potential borrowers using artificial intelligence. Prnewswire reports that aSCORE has been tested by a top US bank, resultin...
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Ghana issues e-Cedi design paper
Mar 16,2023
The Bank of Ghana has issued a paper outlining the rationale and design of Ghana's digital currency,  eCedi. Subsequently, the country will pilot the digital currency, which according to the paper, is a digital version of local paper and coin cu...
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Ghana halts payment firm's operations
Mar 16,2023
Ghana's financial regulator- the Bank of Ghana has ordered payment firm Dash App to cease operation for carrying out unlicensed operations such as cross border payments, wallet creations and bill/utility payments. Dash has been operating in Ghana sin...
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Nigeria shuts down? loan apps for privacy violations
Mar 16,2023
The Federal Government of Nigeria has shut down seven digital lending apps for privacy violations. Officers from various agencies carried out raids on the offices of the loan apps, following complaints by consumers about their unfair debt recovery pr...
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Flutterwave partners with Paypal to allow African merchants to accept and make payments
Mar 16,2023
Nigerian start-up Flutterwave has partnered with Paypal to enable African merchants on its platform accept and make payments. Flutterwave is a payment service provider for small businesses, that operates in 50 African countries. Its partnership with ...
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