BF
Payment trends and fintech news from BF
BnB Liberia and Orange Money Launch Cross-Border Remittance Service Across Eight African Nations
BnB Liberia and Orange Money have introduced a cross-border mobile money remittance service linking eight African countries, aiming to streamline intra-regional transfers. The launch aligns with broader continental efforts to reduce the cost and complexity of cross-border payments through both commercial partnerships and central bank-led interoperability pilots.
Esca Finance Partners with MANSA for Same-Day African Payment Settlements
Esca Finance has partnered with MANSA to enable same-day payment settlements across key African corridors, utilizing stablecoin-backed infrastructure. This collaboration aims to enhance liquidity and accelerate cross-border transactions for businesses, reducing the need to pre-fund accounts in multiple markets.
Egypt's Beltone Acquires Baobab Group for $235 Million in Pan-African Expansion
Egypt's Beltone Holding has completed its €197.6 million acquisition of Baobab Group, gaining access to the digital financial services group's operations across eight African countries. The deal represents a significant cross-border investment in Africa's fintech sector and expands Beltone's footprint into Nigeria and Francophone West Africa.
World Bank Backs Burkina Faso's Digital Infrastructure Plan
The World Bank has announced support for Burkina Faso's nationwide digital infrastructure expansion program. The initiative aims to enhance digital connectivity and financial inclusion across the West African nation of 21 million people.