Africa
G20 Central Bank Independence Statement Highlights Autonomy
In a joint statement released on Friday following a two-day conference in South Africa, the finance ministers from the Group of 20 nations highlighted the need for central banks to be independent and promised to work together more, as...
Africa
Absa & Visa Expand Digital Payments for Africa’s Inclusion
Absa Group and Visa have extended their strategic cooperation to speed up the development of new digital payments method and make sure that everyone in Africa has access to financial services.
The signing event in Johannesburg made the enlarged agreement...
Financing
Al Baraka Bank Boosts Islamic Trade Finance with ICIEC
Al Baraka Bank Egypt has announced that it has signed two important contracts with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The total value of these contracts is USD 100 million. The agreements include...
Cards & Payments
Govt Plans to Provide Credit Guarantee Coverage for MSMEs
The government is working on a scheme to assist micro businesses meet their immediate needs for working capital by giving them credit cards with a Rs 5 lakh maximum. This plan will offer credit guarantee coverage for micro businesses,...
Cards & Payments
Vivid & Adyen Launch Instant Card Payments for SMBs
Vivid, a financial platform for small businesses and entrepreneurs, is partnering with Adyen, a worldwide fintech platform, to develop a full-scale Instant Card Payments solution that lets small businesses accept card payments and get their money right away.
Through the...
Cards & Payments
Mastercard Debuts Biometric Metal Credit Card in Bangladesh
Mastercard and Eastern Bank PLC (EBL) have collaborated together to develop Bangladesh's first biometric metal credit card. This is a significant leap forward for digital payments in the nation.
The ultra-premium World Elite Mastercard portfolio includes this biometric metal credit...
News
Astra Fintech Dexlab Acquisition Fuels Solana Growth in Asia
Astra Fintech Dexlab acquisition, valued at $10 million, was announced today by the Canada-based Solana-focused FinFra leader.This partnership is a big step towards Astra's goal of getting more people to use PayFi in Asia and other places. It is...
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