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African Remittance Startup LemFi buys UK Card Issuer
Remittance flows to low- and middle-income countries rose nearly 6% last year to $685 billion, according to a World Bank estimate.
- Categories
- Finance, Technology
- Region
- Global
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dLocal to Acquire Aza Finance
dLocal's growth has been significantly propelled by its strong presence in the Middle East and Africa, regions characterised by high cryptocurrency adoption.
- Categories
- Finance, Technology
- Region
- Global
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Stitch Raises $10 Million Seed to Extend Services to Emerging Markets
The funding will support Stitch’s expansion across MENA and East Africa, as it aims to simplify and accelerate how financial products are built and launched.
- Categories
- Finance, Technology
- Region
- Global
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Visa and Universal Postal Union (UPU) Collaborate to Help Boost Financial Inclusion
"The new collaboration builds on the success of the UPU Financial Inclusion Technical Assistance Facility (FITAF), an initiative supported by Visa and the Gates Foundation that helps postal operators in developing countries provide financial services to local communities."
- Categories
- Finance, Technology
- Region
- Global
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Amazon Injects $41 Million Into India Payments Arm
"Amazon is looking to strengthen its payments arm since the sector is booming with new players entering the space and existing players bolstering their platforms."
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Fintech Startup PayTic Grabs $4 Million to Expand Payment Automation Across Africa
PayTic plans to use the funding to enhance its payment automation solutions and expand into North and Sub-Saharan Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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South Africa’s Payments Startup Stitch Raises $55 Million Series B Funding
The funding will help Stitch invest in infrastructure that enable the flow of money including payment processing networks, etc.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Cambodia, Malaysia Launch Phase 2 of Cross-Border QR Payment System
According to the NBC, the launch is expected to enhance cross-border payment options, particularly for Malaysians travelling to Cambodia.
- Categories
- Finance, Technology
- Region
- South Asia
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