Payments Africa News

Egyptian Fintech Blnk Secures $37 Million to Expand Point-of-Sale Credit

The funding round, led by a local bank, aims to increase consumer lending at merchants across the country.

Egyptian fintech Blnk has raised $37 million to expand its point-of-sale credit platform. The round was led by EFG Hermes and will be used to increase consumer lending at partner merchants across the country.

about 2 hours ago

Latest Headlines

Egyptian Fintech Blnk Secures $37 Million to Expand Point-of-Sale Credit

Nedbank and JUMO Deploy AI for Microloans, Targeting Unbanked South Africans

Paystack Absorbs Brass, Migrates Customers to Microfinance Bank

Nigerian Banks Launch Digital Products as Fintech Regulations Tighten

Paystack Acquires Brass in Nigerian Fintech Consolidation Move

Weekly Brief

Top African payments news, every week.

Mobile Money

MTN Ghana Mobile Money Fee Suspended by Central Bank

The Bank of Ghana suspended a proposed transfer fee on MTN's mobile money service, citing consumer protection. This contrasts with Vodacom M-Pesa Tanzania's expansion via a new PayPal partnership for global payments.

13 days ago

Digital Banking

Nedbank and JUMO Deploy AI for Microloans, Targeting Unbanked South Africans

Nedbank and fintech partner JUMO are using AI to assess credit risk based on non-traditional data like mobile money history, offering small loans to South Africans without formal credit. The service aims to provide an alternative to high-cost informal lenders for an estimated 20 million people.

about 2 hours ago

DIGITAL BANKING

PA News

Nigerian Banks Launch Digital Products as Fintech Regulations Tighten

about 2 hours ago

PAYMENTS

PA News

Interswitch Partners with Temenos to Scale Digital Banking Services

about 3 hours ago

Payments

Funding

Yamify Secures Pre-Seed Funding to Build 'Heroku for AI' Platform in Africa

Yamify, a new platform aiming to simplify AI deployment for African developers, has closed a pre-seed funding round. The startup's launch comes as interest grows in both AI development tools and applied AI solutions for the African market.

2 days ago

FUNDING

PA News

Lagos Angel Network Backs AI Trade Platform Midddleman

3 days ago

FINTECH

PA News

Nala secures $50 million credit line for stablecoin payment network expansion

4 days ago

Regulation

South Africa dissolves payments regulator PASA, transfers oversight to PayInc and central bank

South Africa has dissolved the Payments Association of South Africa (PASA) after 30 years, transferring its functions to a new industry body, PayInc, and the South African Reserve Bank. The restructuring centralizes regulatory oversight with the central bank while PayInc handles operational rule-setting, reflecting a broader shift in payment system governance.

1 day ago

REGULATION

PA News