MW
Payment trends and fintech news from MW
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.
Mastercard Partners with Yellow Card to Expand Stablecoin Payments in Africa
Mastercard has partnered with crypto exchange Yellow Card to expand stablecoin-based payment services across Africa, aiming to simplify cross-border transactions. The move aligns with growing interest from other payments firms and central banks in leveraging digital currencies for trade and remittances.
Solar Power Fuels Malawi's Mobile Money Growth, Yet Access Gap Widens
Solar-powered phone charging has enabled a mobile money boom in Malawi, but the daily cost of charging is creating a new financial barrier for the poorest households. This highlights the complex challenge of achieving true financial inclusion in markets with critical infrastructure gaps.
Chikwama Pay launches WhatsApp-based banking across Southern Africa
Chikwama Pay has launched a borderless neobank operating via WhatsApp across the Southern African Development Community. The service, enabled by a partnership with Paymentology, allows users to open accounts and make payments, entering a market shaped by recent regional payments agreements and growing platform-based finance.
Malawi and Ghana Explore Digital Infrastructure Partnership
Malawi and Ghana held exploratory talks on digital infrastructure cooperation, with Malawi looking to learn from Ghana's recent fintech license passporting agreement with Rwanda. The discussions highlight a growing trend of African nations pursuing bilateral digital partnerships to boost financial inclusion and cross-border trade.