Fintech News Africa

01/08/2025

Revolut has begun preparations to enter the Moroccan market, pending regulatory approval from the central bank.

Read here: https://fintechnews.africa/45607/fintech-morocco/revolut-morocco-expansion/

Revolut is planning to enter the Moroccan market, with regulatory approval underway and a local team being assembled.

01/08/2025

MIDBANK has completed a full core banking system replacement with Temenos to support its digital transformation.

Read here: https://fintechnews.ae/27135/fintechegypt/midbank-temenos-core-banking-egypt/

MIDBANK has replaced its legacy systems with Temenos’ core banking platform, supporting digital banking growth and Egypt’s Vision 2030.

31/07/2025

Western Union , Chipper Cash , and Zoona have introduced international money transfer services in Zambia through the Chipper Cash app.

Read here: https://fintechnews.africa/45594/fintechzambia/western-union-chipper-cash-zoona-zambia-money-transfers/

Western Union, Chipper Cash, and Zoona launch global money transfers in Zambia via the Chipper Cash app, expanding access.

31/07/2025

Lagos-based Afriex has expanded its money transfer services to China, India, and Pakistan to enable faster cross-border payments for African businesses and diaspora communities.

Read here: https://fintechnews.africa/45601/fintechafrica/afriex-expands-into-china-india-pakistan/

Afriex expands into China, India, and Pakistan to offer faster, low-cost cross-border payments for African traders and diaspora communities.

29/07/2025

Cooperative Bank of Oromia in Ethiopia has gone live with Oracle’s FCCM solution, implemented by JMR Infotech to enhance AML and risk management capabilities.

Read here: https://fintechnews.africa/45588/fintech-ethiopia/jmr-infotech-oracle-fccm-cooperative-bank-ethiopia/

JMR Infotech implemented Oracle’s FCCM at Cooperative Bank of Oromia in Ethiopia, improving AML and risk management for 14 million records.

25/07/2025

The Bank of Ghana will introduce a regulatory framework to license cryptocurrency platforms by September 2025 in response to rising digital asset use.

Read here: https://fintechnews.africa/45581/fintech-ghana/ghana-crypto-regulation-2025/

Ghana to license crypto platforms by September 2025 to stabilise the economy and regulate over US$3B in annual digital asset transactions.

24/07/2025

Discover 4 standout fintech startups leading Africa’s innovation wave in 2025. Read the full update here: https://bit.ly/3H1Lp5E

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22/07/2025

Visa opens Tanzania office as part of broader efforts to expand digital payment infrastructure in the region.

Read here: https://fintechnews.africa/45576/fintech-tanzania/visa-tanzania-digital-payments-office-launch/

Visa has opened a local office in Tanzania to support digital payments and reflect growing investor confidence.

22/07/2025

ORA Technologies secured US$7.5 million in Series A funding, marking a total of US$11.9 million raised locally since 2023.

Read here: https://fintechnews.africa/45573/fintech-morocco/ora-technologies-series-a-funding/

Morocco’s ORA Technologies raised US$7.5 million in Series A, totalling US$11.9 million in local funding since 2023.

21/07/2025

Sanupay and OpenWay have partnered to launch Ethiopia’s first domestic credit card as part of broader efforts to modernise the country's financial infrastructure.

Read here: https://fintechnews.africa/45569/fintech-ethiopia/sanuway-openway-ethiopia-credit-card/

SanuPay and OpenWay launch Ethiopia’s first domestic credit card, advancing digital finance and regional expansion.

14/07/2025

Bank of Ghana requires all virtual asset service providers operating in Ghana to register by 15 August 2025 as part of a preliminary regulatory process.

Read here: https://fintechnews.africa/45561/fintech-ghana/ghana-virtual-asset-registration-2025/

Bank of Ghana mandates all Virtual Asset Service Providers to register by 15 August 2025 ahead of future regulation.

09/07/2025

PAPSS and Interstellar have launched a continental platform enabling direct local currency exchange to support intra-African trade.

Read here: https://fintechnews.africa/45540/payments/papss-interstellar-african-currency-marketplace/

PAPSS and Interstellar launch a platform for local currency exchange in Africa, easing trade and reducing reliance on hard currencies.