Trending
- African trade is growing despite the obstacles
- Why global capital is betting big on Africa’s digital promise
- Kenya posts stronger-than-expected Q1 growth at 5.3% on manufacturing rebound, tourism boom
- China’s new investment rules are about guardrails, not closed doors
- Zanzibar optimistic economic growth will hit 7.5% on tourism boom
- Kenya defies economic shocks to post record $22 billion in tax collections
- Forget South Africa: East Africa now rules in banking industry returns
- Lamu over Tanga: The commercial calculus that cost Tanzania $20bn refinery
Browsing: digital payments in Africa
Since its launch in 2019, PalmPay has evolved into a financial super app that simplifies money transfer and expands access…
An infusion of new investments and regulatory transformations is shaping financial interactions and digital payments in Africa. Africa’s digital payments…
Online payment solutions are immensely beneficial for their users, both customers and merchants alike. Online payments help reach global customers, reduce the cost of transactions and provide payment security (compared to cash payments). They create a more pleasant experience for the users who need not rush to banks and malls to buy or pay for their needs.
Pan-African fintech giant Flutterwave has kept its promise about Google Pay, as users of the global payment service can now use it for transactions with merchants on Flutterwave’s stores.
Google Pay was designed to enable users’ safe, seamless, contactless payments. It uses near-field communication (NFC) technology to facilitate fund transfers for retailers in physical stores. Users can also save their card details into the Google Wallet service and make online or in-app payments.
The licensing follows a solid end to 2021, which saw DPO partner with a global leader in travel technology, Amadeus. Customers can now accept local payments, including via mobile money and card payments, allowing international airlines to operate locally and African airlines to expand globally. As a result of the partnership, DPO is connected to multiple regional and international airlines via Amadeus’s airline passenger system.
DPO Group plans to Further extend its growth in 2022, targeting new product innovation and territory launches.
The increased partnerships momentum follows the 2021 landmark acquisition by Network International, a globally renowned facilitator of e-commerce in the Middle East and Africa region.