Network International, Magnati Merge Under Brookfield-Led Consortium

Network International and Magnati have officially completed a strategic merger under the ownership of a Brookfield-led consortium, forming a strengthened entity that will operate as Network International LLC. This development marks a major milestone for the financial services sector in the Middle East and Africa, uniting two regional leaders to create a fintech powerhouse with…

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Visa Foundation, AGF Launch $2M Africa Initiative

The African Guarantee Fund (AGF) has partnered with the Visa Foundation to unlock new opportunities for women entrepreneurs across Africa through a $2 million grant dedicated to supporting women-led and women-owned SMEs. This strategic collaboration will strengthen the Affirmative Finance Action for Women in Africa (AFAWA) Guarantee for Growth program, a flagship initiative by the…

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Visa Direct Tests Stablecoin Prefunding for Faster Payments

Visa has unveiled a bold step in the evolution of global payments with the launch of a stablecoin prefunding pilot through its money movement platform, Visa Direct. The initiative seeks to modernize how businesses, banks, and remittance providers handle cross-border payouts, offering a faster, more flexible alternative to legacy prefunding models that tie up significant…

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Flutterwave Names Prashant Kalia Chief Risk & Compliance Officer, Restructures Leadership

Flutterwave has announced key leadership changes aimed at strengthening its compliance, risk management, and regulatory functions as the company continues to scale globally. These changes reflect the fintech’s deep commitment to building a secure, compliant, and sustainable digital payments ecosystem across Africa and beyond. The appointments bring in leaders with decades of experience and demonstrate…

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HyperPay, Mastercard, Mozn Partner to Advance MENA Digital Payments

HyperPay has taken a major step forward in shaping the future of financial technology in the MENA region by signing strategic Memorandums of Understanding with Mastercard and Mozn at Money20/20 Middle East 2025 in Riyadh. These partnerships are focused on driving innovation in digital payments while strengthening transaction security across Saudi Arabia, the UAE, and…

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Network International, NUB Partner to Drive Libya’s Digital Payments

Network International has announced a strategic partnership with the National Union Bank (NUB) of Libya, a collaboration designed to modernise the country’s banking sector and expand access to innovative, secure financial services. This marks an important milestone for Libya’s financial industry as it continues to push towards a more inclusive, digitally enabled banking environment. The…

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