Under an agreement, IFC will provide PasarPolis with $5 million in equity finance to develop infrastructure to connect insurers, digital platforms and customers unserved by the traditional insurance sector.

The pandemic and the rise of mobile infrastructure have set the stage to bring people living in developing and emerging economies into the digital realm.

The annual survey on mobile payments showed 98 percent of respondents indicated mobile was their most commonly used payment method, up 5 percentage points from 2019.

Notwithstanding border restrictions, the region’s digital payments ecosystem is growing as countries collaborate to connect their domestic payment systems.

New offering combines electronic cross-border payments and associated documentation on same platform, cutting days off execution of cross-border payments in South Africa.

Renewal enables MoneyGram and Ooredoo customers to continue to send money in near real-time to family and friends through Ooredoo Money Wallet.

Mobile money firms across Africa are ramping up plans to bring banking to millions after the pandemic caused a surge in the use of digital financial services.

A new study has found that total spend through digital wallets will exceed $10 trillion in 2025, up from $5.5 trillion in 2020.

ACI Worldwide and InComm Payments announced a partnership that will digitize cash payments through the use of a barcode payment token.

EasyCash has become the first mobile payment application for Wallet Factory that was made to align with the Egyptian interoperability market standards for QR code-based digital payments and acceptance.