A digital wallet platform and online payment system developed by Google to enable in-app and tap-to-pay purchases.
Capitec acquires Walletdoc for R400 million
Capitec has acquired Walletdoc for R400 million ($21 million). The acquisition aims to deepen Capitec's presence in South Africa's payments space.
Paga Expands to U.S. with Digital Banking for African Diaspora
Paga Group has launched digital banking services in the U.S. for Africans living abroad. Customers can open fully regulated U.S. accounts using only a valid ID and U.S. residential address.
Paga enters US market, seeking a piece of the $21 billion Nigerian remittance pie
Paga Group has expanded its operations to the United States. The company is targeting the Nigerian-American community, which exceeds 3 million people.
Trends Shaping Mobile Payments in Africa
Mobile digital payments have shifted from convenience to a core feature of Africa’s financial landscape. Contactless payments now account for over half of all card transactions in urban centers in South Africa.
South Africa’s SOLmate doubles users to 100,000 as eWallet surge drives growth
SOLmate has doubled its active user base to about 100,000 over the past year. The eWallet service recorded a 500% surge in transaction volume, preferred over traditional EFTs.
