Payments Platform Articles in Africa

sa payments platform yoco raises $83m in funding

South African payments platform Yoco has announced that its Series C round of funding has raised $83 million — or R1.2 billion — for the company. This brings the total funds raised by the company to date to $107 million. Yoco attributes the success to a surge in demand for digital payment solutions from African SMEs. The company, which offers payment technology and software solutions, has reached over 150 000 small businesses in South Africa since launching it

article : Crowdfunding
cellulant introduces tingg digital payments platform

Pan African payments company Cellulant is addressing the payment fragmentation issue in the Zambia economy by introducing Tingg , a digital payments platform that accepts seamless payments from its customers. Several mobile payment avenues are available in the Zambia market as mobile phone operators battle it out for market share. This means retailers are forced to manage multiple payment experiences from different mobile money networks. Payments through Tingg are simple

article : Startups
dubai's mamo raises $8 million for its digital wallet and payments platform

Dubai-based fintech Mamo has raised $8 million in a pre-Series A round led by Global Ventures, it announced in a statement today. The round was also joined by 4DX Ventures, AlRajhi Partners, Olive Tree Captial, and some fintech-focused investors from Silicon Valley. It comes a little over a year after Mamo raised $1.5 million in a seed round, which was led by Global Founders Capital. Founded by three former Google employees; Asim Janjua, Imad Gharazeddine, and Mohammad El Saadi, Mamo

article : Startups
money message platform enables convenient payments to sa smmes

South African financial service provider Nedbank has partnered with Mastercard and local fintech Ukheshe to launch Money Message. Money Message is a new payment platform that enables consumers to pay small and micro businesses via a secure in-chat payment using the instant messaging platform WhatsApp. Chipo Mushwana, Executive of Emerging Payments at Nedbank explains that the new payment platform is aimed at supporting entrepreneurship. The need for a diverse range of c

article : Startups
senior ghanaian official promotes the use of the country's qr code payment platform

Share Augustine Blay, a senior staffer in the Office of the Vice President of Ghana took to his personal media platforms to encourage Ghanaians to go cashless with the newly introduced QR Code system. He demonstrated how one would use a smartphone to scan onto the GhQR merchant addresses to effect payment at shopping outlets across Accra, Ghana. In May 2020, Ghana was the first African country to implement a universal QR code payment solution using HPS. This set it as the first Afric

article : Startups
cape town fintech launches online payment platform for offline smmes

Cape Town fintech startup Krowdbox has launched an innovative payment platform that aims to facilitate online payments for offline businesses in South Africa. Krowdbox Founded in 2019 by entrepreneur Adebiyi Fajemisin, Krowdbox's platform officially launched in December 2020, making the new-kid-on-the-block in the fintech landscape and an innovative disruptor. In an interview with Ventureburn, Fajemisin provides insight into what led to the creation of the new fin

article : Startups
new digital platform launches to promote digital payment systems across africa

Mastercard and Network International, a leading enabler of digital commerce in the Middle East and Africa (MEA) region have partnered together to create a new digital platform that aims to accelerate the adoption of digital payments across the MEA region. Gaurang Shah, Senior Vice President, Product Management, Digital Payments Labs, Middle East, and Africa, Mastercard comments on the positive impact that digital payment solutions can have for small businesses. Accelera

article : Startups
oltio, a digital payments platform, acquired by ukheshe

Uksheshe has signed the agreement to take on the digital payments platform, Oltio. This platform supports Masterpass - a QR payment service from MasterCard that operates in South Africa with more than 300,000 traders and billers. In South Africa, the utilization of QR codes provides merchants of various sizes, ranging from large retailers bond to individual shop owners and street vendors. QR code becomes the fast, secure, and cheap way to receive payments. The agreement

article : Startups