Keywords: Digital payments
In Casablanca Morocco, mobile payments expanded sharply over the past year as digital financial services gained wider adoption across consumers and businesses. Total transaction value reached MAD 3.9 billion, more than doubling compared with previous levels. The number of operations increased from 9.7......
One MobiKwik Systems Ltd is aiming to build a loan book of around 50 billion rupees (approximately $522.5 million) through its non-banking financial company (NBFC) operations over the next three to five years, according to its chief executive officer. The Gurugram-based fintech firm, known for its digital......
CDP Equity has announced plans to increase its participation in Nexi, reinforcing the Italian government’s interest in strengthening strategic sectors linked to financial technology and digital infrastructure. The state-backed investor currently holds more than 19% of Nexi’s shares and intends......
Italy’s state-owned lender Cassa Depositi e Prestiti (CDP) is not planning to sell its stake in payments company Nexi, according to sources familiar with the matter. CDP currently holds around 19% of Nexi through its investment arm CDP Equity. Despite recent market speculation, the institution......
India’s fintech sector continues to expand as MobiKwik has received approval from the Reserve Bank of India to operate as a non-banking financial company (NBFC). The announcement, made by its parent firm One MobiKwik Systems, marks a significant milestone in the company’s evolution from a......
Inwi Money, the mobile payment subsidiary of Moroccan telecom operator Inwi, has signed a partnership with Wafacash to widen access to financial services across Morocco and support the country’s digital economy. The agreement was announced during the second day of GITEX Africa 2026, held in Marrakech,......
Morocco has introduced a national program to accelerate the digital transformation of its handicrafts sector, aiming to improve competitiveness and expand market access for artisans. The initiative was announced in Rabat by Lahcen Essaadi during GITEX Africa 2026 in Marrakech. It forms part of a broader......
Africa’s financial technology sector is expanding rapidly, with projected revenues set to rise from $30 billion in 2025 to $65 billion by 2030. The central challenge has shifted from adopting fintech to building reliable systems through cooperation between banks and technology firms. At GITEX......
The African Development Bank (AfDB), through its African Digital Financial Inclusion Fund (ADFI), has granted a $510,000 donation to Bank Al-Maghrib (BAM) to support the expansion of digital payments in Morocco. The funding is aimed at promoting broader adoption of electronic payments, enhancing financial......
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