Equity Bank Rwanda has launched EMMA, a digital wallet that allows customers to make payments, transfer money, save towards personal goals and access credit subject to eligibility. The platform expands the bank’s digital financial services beyond conventional bank accounts. It connects to Rwanda’s interoperable payments network, including eKash Group, MTN MoMo, Airtel Money and participating…
Mastercard has renewed its multi-year agreement with Bahrain-based fintech INFINIOS to advance business-to-business (B2B) travel payments across the Middle East and North Africa (MENA), supporting the continued digital transformation of the region’s travel sector. The renewed agreement builds on a collaboration that began in 2023 with the introduction of the Mastercard Wholesale Program (MWP), a…
The Export-Import Bank of China (China Exim Bank) has commended Tanzania Telecommunications Corporation (TTCL) for its management and operation of the National Internet Data Centre (NIDC), recognising the facility’s contribution to Tanzania’s digital infrastructure and ICT services. The recognition was conveyed during a visit by a China Exim Bank delegation led by the bank’s Vice…
Rawbank, a leading bank in the Democratic Republic of Congo (DRC), is expanding its digital transformation strategy by adopting the SBS Digital Banking Suite to accelerate the delivery of digital banking services. The bank already uses SBS Core Amplitude, a modular and secure core banking solution that enables financial institutions to manage operations through a…
The World Bank Group has launched its first digital strategy, bringing together its public and private sector capabilities to help developing countries expand affordable digital access, improve services and create jobs. The strategy focuses on four priorities: expanding reliable connectivity, making devices and data more affordable, strengthening digital services and skills, and helping countries build…
Absa has launched an institutional digital asset custody proposition for South African clients, becoming the first African bank to offer such a service, according to the bank. Absa Digital Asset Custody will provide institutional and large business banking clients with secure safekeeping, administration and transfer services for digital assets within a regulated banking environment. The…
Mambu and Mastercard have announced a strategic collaboration that will make it easier for financial institutions using Mambu to offer fast, secure and transparent cross-border payments. Through the partnership, Mambu will connect Mastercard Move, Mastercard’s portfolio of global money movement capabilities, with its Intelligent Core, a cloud-native core banking and payments platform built to process,…
The African Development Bank Group, the UNDP AI Hub for Sustainable Development, Google and Apolitical have launched a free AI training programme designed to help public officials across Africa understand and apply artificial intelligence in their work. The programme was launched on the sidelines of the 81st session of the United Nations General Assembly in…
