Egypt’s Financial Regulatory Authority (FRA), emphasized its commitment to accelerating digital transformation in Egypt’s non-banking financial sector. Speaking at the Cairo ICT Exhibition and Conference, Mohamed Farid, Chairperson of FRA highlighted the authority’s efforts. The authority’s main goal is to create a supportive regulatory environment for fintech innovation. Farid announced the launch of the FRA’s…
Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s dedication to driving digital innovation within Africa, according to a Wednesday (Nov. 6) news release emailed to PYMNTS. In doing so, the payments giant aims to foster the development of…
Rwanda has unveiled an ambitious five-year FinTech strategy (2024-2029) aimed at positioning the country as a regional hub for financial services while advancing financial inclusion. The plan seeks to strengthen Rwanda’s FinTech ecosystem by leveraging technology to drive economic growth and socio-economic transformation. While the global FinTech sector promotes financial inclusion by improving access to…
Africa-based fintech startup, Yellow Card, has secured USD 33 million in venture capital funding from Blockchain Capital and other investors. This funding highlights the role of cryptocurrencies in transforming finance in emerging markets and facilitating capital movement in regions with underdeveloped banking systems. Despite its growth, Yellow Card faces challenges as four North African countries…
