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…
The African Export-Import Bank (Afreximbank) and the Development Bank of Southern Africa (DBSA) have signed a Joint Project Preparation Facility (JPPF) Framework Agreement that will provide up to US$20 million to prepare high-impact infrastructure and industrial projects in South Africa and the wider Southern African region. Under the agreement, each institution can contribute up to…
ZARU, the South African rand-backed stablecoin, has expanded its banking ecosystem through a new partnership with Absa, one of South Africa’s largest banking groups. The partnership adds Absa to the network connecting ZARU with South Africa’s local banking infrastructure, strengthening the bridge between the physical rand and blockchain-based digital assets. The addition of a second…
M-PESA Ethiopia has expanded its cardless ATM cash withdrawal service through a new partnership with Awash Bank, giving customers broader access to cash withdrawals without requiring a physical bank card. Under the partnership, M-PESA customers can withdraw cash directly from supported Awash Bank ATMs using the M-PESA App. The service is designed to provide greater…
Mambu has launched Intelligent Core, a new strategic vision and technology architecture designed to bring core banking, payments and agentic AI together through a single open and composable platform. The company says the architecture addresses a growing challenge for financial institutions: adopting AI on top of legacy banking cores that were not designed for real-time…
Standard Bank Group and UnionPay International have expanded UnionPay e-commerce acceptance to nearly 900 merchants across Botswana, Ghana, Kenya, Malawi, Namibia, Tanzania, Uganda, Zambia and Zimbabwe. The expansion enables participating businesses to accept secure online payments from UnionPay cardholders in local currency, US dollars or both, depending on market requirements. The capability is expected to…
