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Technology, Media and Telecoms Industry News for Africa and the Middle East Microsoft Supercharges South Africa’s AI Future with $280M Investment Microsoft has announced plans to spend ZAR 5.4bn by the end of 2027 to expand its cloud and AI infrastructure in South Africa to meet …… Visa Elevates UAE’s Digital Wallets w
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News
NEOPAY and Deem Finance Partner to Expand SME Working Capital Access in UAE
3+ day, 13+ hour ago (127+ words) NEOPAY, a leading payments provider in the UAE and Deem Finance LLC, a regulated financial institution licensed by the Central Bank of the UAE, announced a strategic partnership to expand access to working capital solutions for small and medium-sized businesses…...
Circle to Acquire Tazapay to Expand Stablecoin-Powered Cross-Border Payments
5+ day, 14+ hour ago (267+ words) Circle Internet Group has signed an agreement to acquire Tazapay, a cross-border payments infrastructure company, in a deal aimed at expanding stablecoin-enabled money movement across global markets. The acquisition will bring together Circle’s USDC stablecoin and Circle Payments Network with…...
UAE Ranks First Globally for Planned Digital Supply Chain Finance Investment
5+ day, 20+ hour ago (442+ words) TechAfrica News UAE Ranks First Globally for Planned Digital Supply Chain Finance Investment The ranking comes as UAE businesses increase their focus on supplier resilience, real-time visibility and closer integration between treasury and trade. Standard Chartered announced today the findings…...
DCSPay Partners With Kotani Pay to Expand Stablecoin Payouts Across Africa
5+ day, 15+ hour ago (183+ words) Through the integration with Kotani Pay’s API, regulated exchanges using DCSPay will be able to extend stablecoin-funded payouts into African markets through Kotani Pay’s established local connectivity, without the need to build and manage local payment rails market by market....
HSBC Kuwait and Tap Payments Partner to Launch Merchant Acquiring Solution for Businesses
6+ day, 14+ hour ago (93+ words) HSBC Kuwait has announced the launch of a new merchant acquiring proposition for its corporate clients, delivered through a strategic partnership with Tap Payments, a fintech founded in Kuwait and a licensed payment service provider. This partnership expands the payment…...
Phoenix Venture Partners Leads $3.5M Pre-Series A Round in AI Fintech Startup Sav
6+ day, 17+ hour ago (403+ words) Phoenix Venture Partners Limited (PVP), an Abu Dhabi-based venture capital fund manager, announced that it has led a US$3.5 million Pre-Series A financing round in Sav, an autonomous consumer fintech platform leveraging artificial intelligence and open finance infrastructure to help…...
Ericsson and FIS Partner to Simplify Digital Financial Services Deployment
1+ week, 5+ day ago (207+ words) By directly addressing and solving organizations’ key challenges to adopting digital financial services – such as the complexity and cost of integrating banking, payments, ledgering, identity, and compliance – into a single deployable solution, the collaboration aims to significantly simplify bringing related…...
Egypt???s FRA Approves Two New Fintech Projects for Regulatory Sandbox
1+ week, 5+ day ago (401+ words) Egypt’s Financial Regulatory Authority (FRA) has granted preliminary approval for two new projects to join its regulatory sandbox, expanding the testing of emerging financial technologies in the country’s non-banking financial sector. The approvals were granted by the FRA committee responsible…...
Banco BCS and Mastercard Partner to Expand Digital Payment Services in Angola
1+ week, 6+ day ago (356+ words) The initiative responds to growing demand for faster, simpler, and more secure ways to pay, while strengthening Banco BCS’s card value proposition and overall customer experience. Banco BCS and Mastercard have announced a strategic collaboration to introduce and expand Mastercard-enabled…...
Looping Binary Launches LBPay Digital Payment Ecosystem in Cameroon
1+ week, 6+ day ago (154+ words) Cameroon-based technology company Looping Binary has launched LBPay, a digital payments ecosystem designed to simplify and expand access to payment services across Africa. The platform enables users to send and receive money, manage digital wallets and transfer funds across different…...