Onafriq Partners with Circle to power remittances and cross-border payments with USDC
Onafriq and Circle announced a strategic partnership to transform cross-border payments in Africa. Over 80% of intra-African payments currently go through correspondent banks outside the continent.
Fintechs Face Delays in Kenyan Expansion Due to Lengthy Licensing Procedures
Fintech startups struggle to obtain operating licenses in Kenya. A Payment Service Provider (PSP) license can take up to two years due to approval delays.
Slow licencing process is a headache for fintechs expanding to Kenya
Fintech startups struggle to obtain operating licenses in Kenya. Payment service provider licenses can take up to two years due to approval delays.
Omotayo on Strengthening Africa’s Digital Payments Security
Africa experienced the highest average number of cyberattacks per week per organization in 2023. Investment in cybersecurity has seen a notable increase over the past five years.
Innovation Meets Security: Pioneering Fintech Partnership
VGS has partnered with Onafriq to bolster security and innovation for fintechs in Africa and the Middle East. The partnership provides PCI compliance and payment features for Onafriq's fintech clients.
