🇿🇲Zambia
Payment trends and fintech news from Zambia
Ghana, Rwanda and Zambia test interoperable cross-border payment system
Ghana, Rwanda and Zambia are conducting a pilot test of an interoperable cross-border payment system designed to connect their domestic mobile money networks. The initiative comes amid heightened competition in Africa's payments sector and evolving regulatory frameworks that could shape the future of digital finance on the continent.
Flutterwave Processes $40 Billion, Expands Across Africa
African payments firm Flutterwave has processed over $40 billion across 1 billion transactions. The company expanded its operations by securing new licenses and deepening partnerships, while also reporting increased transaction volumes in key payment methods.
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.
Ghana, Rwanda, Zambia Test Interoperable Cross-Border Payment System
Ghana, Rwanda, and Zambia have begun testing an interoperable cross-border payment system to facilitate direct transactions between mobile money and bank accounts. The central bank-backed pilot aims to lower costs and improve speed for remittances and trade, supporting broader AfCFTA integration goals.
Ghana to pilot continental digital trade corridor with Rwanda and Zambia
Ghana, Rwanda, and Zambia are launching a pilot for a continental digital trade corridor in 2026 to enable instant, low-cost cross-border payments. The initiative, announced by Ghana's deputy trade minister, is a key test case for digital financial integration under the African Continental Free Trade Area.
Ghana, Rwanda and Zambia launch digital trade payment corridor pilot
Ghana, Rwanda and Zambia have initiated a pilot for a digital trade payment corridor to enable instant cross-border business transactions. The project, announced by Ghana's Vice-President, leverages national instant payment systems and is viewed as a key test case for boosting intra-African trade under the AfCFTA.
Ghana, Rwanda and Zambia launch pilot for cross-border digital trade corridor
Ghana, Rwanda and Zambia have launched a pilot digital trade payment corridor to enable instant cross-border transactions. The initiative, backed by the countries' central banks, is part of Ghana's push to become a hub for pan-African payment integration under the AfCFTA framework.
Ghana Launches Pilot for Pan-African Mobile Money Interoperability
Ghana, Rwanda, and Zambia have launched a pilot project to enable direct mobile money transfers between their citizens, testing a model for continental interoperability. The initiative aims to lower transaction costs and support digital trade, addressing one of the key challenges to financial integration in Africa.
Ghana to Pilot Continental Mobile Money Interoperability with Rwanda and Zambia
Ghana will pilot a continental mobile money interoperability system in partnership with Rwanda and Zambia, testing cross-border digital trade and payment systems. The move is part of a wider African effort to reduce transaction costs and boost financial integration under the AfCFTA.
Mobile Money Drives Zambia's Financial Inclusion to Record 80.1%
Zambia's financial inclusion rate climbed to 80.1% in 2025, driven largely by mobile money adoption, according to a FinScope survey. Concurrently, financial service providers in other African markets, like Izwe S&L in Ghana, are launching digital tools to support the agent networks that underpin these mobile money ecosystems.
Izwe Savings and Loans to launch digital float product for mobile money agents
Izwe Savings and Loans is developing a digital float product to provide liquidity support to mobile money agents in Zambia. The initiative seeks to bolster an agent network that is central to a financial inclusion rate now exceeding 80%, driven largely by mobile money adoption.
Ghana and Zambia Pursue Fintech Licence Passporting to Boost Trade
The central banks of Ghana and Zambia are negotiating a mutual recognition pact for fintech licences and direct payment links to ease cross-border trade. This bilateral effort is part of a wider African trend to lower transaction costs and integrate digital financial markets, with Ghana also finalising a similar agreement with Rwanda.
MTN MoMo and Indo Zambia Bank Partner to Integrate Mobile Payments at POS Terminals
MTN Mobile Money and Indo Zambia Bank have formed a partnership to allow payments from MoMo wallets at all IZB POS terminals via QR codes. The deal aims to enhance digital payment options for consumers and merchants, reflecting a broader trend of convergence between mobile money and banking infrastructure in Africa.
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.
Noah and Nafolo Launch Stablecoin Virtual Accounts for Cross-Border Payments
Noah and Nafolo have launched a cross-border payment service using stablecoin virtual accounts, aiming to reduce costs and delays for transactions within Sub-Saharan Africa. The service, which leverages USDC and local payment rails, enters a market where high remittance fees persist despite growing fintech innovation.
Zambian Neobank Lupiya Extends Series A Funding Round to $11.25 Million
Zambian neobank Lupiya has extended its Series A funding round to $11.25 million, with capital coming from its existing investors. The funds will be used to expand its credit and financial services offerings for consumers and small businesses in Zambia.
Lupiya Extends Series A Funding Round to $11.25 Million
Zambian digital financial services provider Lupiya has extended its Series A funding round to $11.25 million with new investment from the Cisco Foundation and FINCA Ventures. The capital will be used to grow its operations in Zambia and pursue expansion into nearby markets.
Lupiya secures $11.25m to broaden digital banking reach in Africa
Lupiya, a Zambian fintech firm, has raised $11.25 million to expand its digital banking and lending services across Africa. The funding aims to increase financial inclusion by serving entrepreneurs and individuals underserved by traditional banks.