Africa
👍 Egypt🇪🇬: Central Bank approves new InstaPay feature📱 Paid Members Public
👍 Egypt🇪🇬: Central Bank approves new InstaPay feature📱 Egyptian app users will now be able to receive money transfers from any country without restrictions. 🔼 Transfer fees will be determined by banks based on the currency and country of origin, and beneficiaries will receive the funds in Egyptian pounds. 🔼 The service will
📱 Visa Partners with U.S. Agency for International Development (USAID) 🇺🇸 Paid Members Public
📱 Visa Partners with U.S. Agency for International Development (USAID) 🇺🇸 What’s not done for a successful expansion into new markets… This 5-year collaboration aims to create digital platforms to enable citizens from various countries, primarily developing ones, to securely access government services and more. ➡️ The press release highlights that
😠 Cross-border payments in BRICS: Is SWIFT in danger? Paid Members Public
😠 Cross-border payments in BRICS: Is SWIFT in danger? The recent proposal for a "multicurrency system" aims to reduce BRICS countries' dependence on the dollar. This shift, beyond its macroeconomic implications, is a game-changer for the international payments industry. ➡️ BRICS members are planning to adopt distributed ledger technologies
🐘 India’s 🇮🇳 Mission in Latin America and Africa: UPI Expands to New Frontiers Paid Members Public
🐘 India’s 🇮🇳 Mission in Latin America and Africa: UPI Expands to New Frontiers By early 2027, India's popular Unified Payments Interface (UPI) could become the model for implementing similar payment systems in at least 20 countries. ➖ This year, NIPL (the international division of the National Payments Corporation of
😎 Uruguayan platform dLocal partners with MoneyGram to conquer Africa and Southeast Asia Paid Members Public
😎 Uruguayan platform dLocal partners with MoneyGram to conquer Africa and Southeast Asia Let’s open new markets!❗️ Until now, the uruguayan company dLocal had primarily operated in Latin America. ➡️ dLocal is a "unicorn" specializing in sub-acquiring. Their business model involves onboarding companies (regardless of their GEA origin) onto
💪Egypt🇪🇬: By the end of 2024, the country’s first digital bank will be launched. Paid Members Public
💪Egypt🇪🇬: By the end of 2024, the country’s first digital bank will be launched. The launch is expected in Q4, following the completion of the second phase of the licensing process. 🔼The government is pushing for neobanking as it is concerned with achieving *financial inclusion*. 🔼 The percentage of financial
😎Nigeria🇳🇬: online merchants can now accept payments through Amex Paid Members Public
😎Nigeria🇳🇬: online merchants can now accept payments through Amex Flutterwave, a leading payment technology company in Africa, has partnered with American Express. Fintech customers, including both consumer and corporate cardholders, can now pay for their purchases directly from anywhere in the world. ➡️ Nigerian merchants will be able to significantly expand
🐘 Kenya🇰🇪: Banks to begin tracking large transactions Paid Members Public
🐘 Kenya🇰🇪: Banks to begin tracking large transactions NCBA, Kenya's 4th largest commercial bank, informed its customers on August 7th about new measures focusing on transactions exceeding 1 million KES (7,751 USD). 🔠 Kenyan banks will need to implement PoP codes for Real-Time Gross Settlement (RTGS) transactions, enabling customers