Jubilee Group and FSD Africa have partnered to develop innovative AI-powered insurance and investment solutions designed to reach underserved Kenyans. The collaboration will focus on digital products to expand financial inclusion across East Africa, starting in Kenya.

• The partnership will utilize FSD Africa's insurtech accelerator, BimaLab, and Jubilee Group's innovation division, J-Hub.
• Selected insurtech startups will work with Jubilee to create embedded insurance, SME-focused products, and health/wellness solutions.
• Selected insurtech companies are expected to be announced in August.

Visa has introduced a suite of innovations in AI, stablecoins, and tokenization to advance digital commerce across the CEMEA region.

• Visa is enhancing its AI capabilities with tools like Agent Score to secure AI-driven transactions.
• Tokenized payments grew to 70% of Visa transactions in CEMEA by 2026, with Visa embedding richer data into payment tokens.
• The company is developing Tokenized Deposits, enabling banks to use programmable digital money without changing core infrastructure, and has processed billions in stablecoin transactions.

The fintech company Grey has launched local currency deposits in Kenya and Ghana, allowing users to fund their accounts in Kenyan Shillings (KES) and Ghanaian Cedis (GHS) through bank transfers and mobile money.

• This new feature streamlines cross-border payments by eliminating the need for multiple platforms or intermediaries for users in these countries.
• The initiative aims to simplify how individuals and businesses in emerging markets connect with the global economy, as stated by CEO and Co-founder Idorenyin Obong.
• Grey is enhancing its platform to offer an end-to-end experience for managing international funds from a single location.