Fincra has obtained a Payment Provider license in South Africa through a partnership with Nedbank, enhancing its operational footprint in Southern Africa.

• License Authorizes: Credit and Debit Card payments, EFT Credits, Real-Time Clearing, and Rapid Payments.
• Key Organization: Fincra, in collaboration with Nedbank.
• Impact: Enables businesses to process financial transactions seamlessly and comply with South Africa's regulatory standards for faster settlement times.

Airtel Money has extended its ‘Rudishiwa’ campaign to include bank-to-wallet transfers, allowing customers to receive 50% reimbursement of transaction fees as airtime.

• Customers will benefit from 50% reimbursement on transactions from banks’ mobile apps, USSD codes, or internet banking.
• Anne Kinuthia-Otieno, Managing Director of Airtel Money, emphasized the importance of digital payments for staying connected.
• The campaign aims to enable Kenyans to turn transaction costs into airtime or data, enhancing savings and connectivity.

Kredete has launched Africa’s first stablecoin-backed credit card in partnership with Visa, Stellar, and Rain.

• Card allows users in 41+ African countries to spend U.S. dollar-backed stablecoins globally.
• Adeola Adedewe, Founder & CEO of Kredete, emphasizes financial freedom beyond borders.
• Integrated with USDC and settles transactions over the Stellar network, accepted at over 150+ million merchants worldwide.