payments

Nigerian Edmund Olotu’s TechAdvance raises $1m from Bahrain investor

Lagos-based payments infrastructure firm TechAdvance has secured $1-million in funding from Bahrain’s Lamar Holding. TechAdvance was founded in 2009 by CEO Edmund Olotu (pictured above) and…

Want funding for your fintech? Try the Wells Fargo Startup Accelerator

If your fintech startup is looking for funding, you might want to apply to the Wells Fargo Startup Accelerator. The six-month virtual accelerator programme is open…

Move to full digital payments could net Joburg over $3bn in benefits a year

Businesses, consumers and authorities in the city of Johannesburg could gain $3.4-billion in net benefits by moving 100% of financial transactions conducted in the city…

SA fintech company Electrum selected for Gartner Aspiring Innovators Programme

South African fintech company Electrum, which specialises in payments technology, has been selected to participate in the Gartner Aspiring Innovators Programme. The programme aims is…

DPO Group to acquire Botswana, Namibia operations of Virtual Card Service

Online payments service provider The Direct Pay Online Group (DPO Group), has announced the 100% acquisition of the Botswana and Namibia operations of Virtual Card Service…

WiGroup to catalyse transacting with free open mobile payments

South Africa “fintech startup-turned-empire” WiGroup wants to become the catalyst in growing mobile transactions. This comes after it announced that it will no longer…

Study: third of SMEs not aware of other payment solutions

Over a third (31%) of SMEs are not aware of alternative payment solutions for their business needs. This comes from a study conducted by…

Nigeria’s person-to-person money transfer company Paga bags $13m

The Nigerian person-to-person money transfer company, Paga, has secured US$13-million from renowned international investment firms Adlevo Capital, Omidyar Network, Goodwell West Africa, Acumen Fund,…

MasterCard’s Start Path programme to support African startups

MasterCard recently announced that startups in Nigeria and other African countries can apply for its Start Path Global programme — a six-month partnership initiative…

Payments startup i-Pay gets expansion support from PayU [updated]

South African online payments company i-Pay signed a deal with the Naspers-owned payments company, PayU, which aims to expand the startup’s services across the…

Konga’s bold attempt to revolutionise online payments in Nigeria

Nigeria boasts over 80 million mobile internet users doing all kinds of stuff online. Yet, as big as the Nigerian tech landscape is, getting…

SnapScan rolls out pilot phase for ecommerce payments

A South African-based mobile payment application, SnapScan, has started rolling out its test phase for ecommerce plugins. The new system will enable customers to…

Bitcoin’s first killer app? Bankymoon lets you pay your utility bills in digital currency

We’re living in a world where everything’s being labeled as smart. From our phones to watches and even our cars. But something that’s really…

Missing out big time: 4 reasons why PayPal should commit to Nigeria right now

PayPal has a one-sided relationship with Nigerians keen to transfer and accept cash online. So much so, that the popular digital wallet service is…

From proof to pivot: How Nomanini is becoming the future of prepaid sales

We here at Ventureburn write a lot about mobile payments in Africa. From old favourites such as Kenya’s M-Pesa to newer ones like South…

Innotribe Startup Challenge expects cryptocurrency, payments to be big

Sub-Saharan Africa’s fintech scene is really exciting. From innovative lending solutions like peer-to-peer services like RainFin and Lendico to interesting payments companies like Nomanini…

Here’s where Africa’s payments revolution should be happening today

In emerging markets, mobile money services have the power to simplify lives, offering people the convenience of paying from anywhere and at any time,…

PayGate partners with ReD to beef up online fraud protection

Ecommerce payment service provider PayGate recently partnered with global fraud prevention company ReD in an effort to beef up security against fraud for its…

PayFast’s 30k merchants can now accept bitcoin as online payment

Starting today, one of South Africa’s most popular online payment service, PayFast, is enabling sellers using its services to easily start accepting bitcoin payments…

6 ways to increase sales and optimise your ecommerce payment page

Online merchants can reduce payment page abandonment by focussing on a few key changes to their payment page which can increase checkout conversion rates….

Google Photos will now let you search for text in your camera roll

YouTube to discontinue direct messages feature in September

Google ditches the desserts in its biggest Android rebrand yet

Are these six, SA’s most important venture capitalists?

Healthtech platform Hospitalia wins Seedstars Cairo

Nigerian real estate firm Landwey acquires 25% stake in proptech platform Vistafront

New features coming to Google Assistant on Lenovo Smart Clock

Apple’s next ‘Pro’ iPhones to feature improved cameras, shatter-resistant screen

New firmware updates available for Canon EOS R and EOS RP

Audi’s new cars in Germany will count you down, pace you to green lights

Two Ford Focus trim levels also found to have lock issues

South Africa’s govt ministers really love German cars and big Toyotas report reveals