Africa

News

Africa Trade Gateway Takes Digital Trade to the Next Level With National Adoption Awareness Initiative in Rwanda

In a landmark move for Africa’s digital transformation, the Africa Trade Gateway (ATG) has launched its national adoption awareness campaign in Rwanda — a step that positions the country at the forefront of driving the AfCFTA’s vision of one integrated African market.

News

Forum Invest in Senegal (Fii Senegal 2025): $23.5 Billion in Commitments for a New Economic Momentum

Among the major announcements of Forum Invest in Senegal (Fii Senegal 2025), international institutions, notably the International Finance Corporation (IFC) and the World Bank, confirmed $160 million in long-term commitments to support national priorities.

Events

Forum Invest in Senegal 2025 (Fii Senegal 2025): President Bassirou Diomaye Faye calls for investment in a transforming Senegal

Over the course of two days, the forum — centered around the theme “Connecting Opportunities, Building the Future”— welcomed policymakers, investors, and global leaders in Dakar for high-level dialogue.

Events

African Trade Experts to Meet in Abidjan for Afreximbank’s 25th Trade Finance Seminar (ATFS2025) and Factoring Workshop

The discussions will explore innovative financing structures designed to unlock new business opportunities, with a particular focus on supporting small and medium-sized enterprises (SMEs).

News

dLocal and XanderPay Join Efforts to Streamline Cross-Border Payments for Hospitality Sectors Across Africa, Asia, and Latin America

As partners, dLocal and XanderPay aim to facilitate cross-border payments for hotels and online travel agencies (OTAs) in various markets of Africa, Asia, and Latin America.

Fintech & Ecommerce

Mastercard & Smile ID to Advance ID Verification Across Africa

Mastercard is expanding the scope of its cooperation with SmileID to accelerate the use of advanced identity verification tools for customer onboarding across the African continent.

News

Global Payments Revenue to Reach $2.4T by 2029

Although annual revenue growth is expected to slow from 8.8% to 4.0% within the next five years, global payments revenue is still forecast to increase to $2.4 trillion by 2029, as agentic AI, digital currencies, and fintech business models boost the growth.

News

Mobile Money Accounts Surpass Traditional Bank Use in Low Income Countries

Mobile money is one of the main drivers of financial inclusion in low-income economies where such financial accounts surpass traditional bank ones.

News

First Pan-African Card Scheme Launches to Boost Cross-Border Payments and Strengthen Intra-African Trade

Afreximbank, PAPSS, and MPS unveiled PAPSSCARD – the first Pan-African card scheme aiming to make retail payments across African borders fast, secure, and affordable.

News

Kenya Enters the Digital Asset Era with Launch of KDX by DeFi Technologies, SovFi, and NSE

Kenya Digital Exchange (KDX) will enhance the country‘s financial market infrastructure by offering a secure and fully regulated way to tokenise real-world assets.

Fintech & Ecommerce

PayPal & TerraPay To Power Real-Time Cross-Border Payments Across MENA

Together, PayPal and TerraPay aim to make cross-border transactions across the Middle East and Africa faster, easier to use and more accessible.

News

Affinity Africa Raises $8M to Expand Affordable Banking for Individuals and MSMEs

Affinity Africa, a Ghana-based digital banking platform, raised seed funding to provide affordable and accessible financial services to underserved and unbanked individuals and micro, small, and medium enterprises (MSMEs).

Fintech & Ecommerce

Ecobank & Nium to Unlock Real-Time Cross-Border Payments for African Markets

Collaboration with Nium will allow Ecobank’s 32 million customers to access faster and more efficient international transactions without complex integrations.

News

Mastercard Expands Product Express Platform for Card Issuance

Mastercard is expanding its Product Express platform across Africa, the Middle East, Europe, North America, and additional markets in Latin America, enabling fintechs to launch card programs with speed, simplicity, and full transparency.

News

Vodafone and Google Deepen Strategic Partnership to Expand GenAI Services Across Europe and Africa

Vodafone will expand access to Google’s AI-powered Pixel devices with its fast 5G network and offer Google One AI Premium subscription plans, which include Gemini Advanced, in select territories by 2025.

Fintech & Ecommerce

Mastercard and KaiOS to Deliver Affordable Payment Acceptance Devices to African SMEs

Mastercard latest collaboration aims to enable businesses to leverage digital tools more easily, promoting financial inclusion by using affordable mobile devices powered by KaiOS.

Welcome to PaySpace Magazine, the ultimate destination for staying informed about the most recent financial and payments news from Africa. Our news platform is designed to provide comprehensive coverage of the ever-changing African market, offering valuable insights into crucial areas such as banking, fintech, mobile payments, and more. Explore our content to access the latest trends and innovations, as well as exciting opportunities that are shaping the financial industry in Africa. Join us on this journey as we delve deep into the dynamic landscape of African finance, bringing you all the essential information in one convenient place.