How agency banking is transforming financial access in developing countries

  By Mxolisi Msutwana, Managing Director, Anglophone West Africa, Onafriq The journey toward financial inclusion begins with trust. For individuals unfamiliar with formal financial systems, having low-cost and reliable ways to deposit and withdraw money — cash-in, cash-out (CICO) services — is essential. These accessible solutions build confidence, encouraging people to store money in digital…

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Prepaid debit cards can enable companies to take advantage of increased intra-African trade

Amber Thetford, Chief Product Officer—Card issuing and processing at Onafriq By Amber Thetford, Chief Product Officer—Card issuing and processing at Onafriq As businesses seek to expand across African borders, cashless payment solutions offer a safer method of transferring money. One offering, prepaid debit cards, provides security while mitigating many infrastructure and regulatory challenges, writes Amber…

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Better digital payments infrastructure is facilitating access to new markets for enterprise

Doreen Lukandwa, Head, Commercial Strategy at Onafriq Saying that small and medium-sized enterprises (SMEs) are the backbone of economies in East Africa is an understatement. SMEs make up the largest part of all registered entities in nearly every industry and sector in most East African countries, averaging between 60% to 90%, including micro-enterprises. As the…

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VGS and Onafriq Partnering to Increase Security and Payments Innovation for Fintechs in Africa & the Middle East

  VGS has announced a strategic partnership with Onafriq, Africa’s largest payments network, that is aimed at bolstering security and innovation for Fintechs across Africa and the Middle East. This partnership marks the culmination of a longstanding relationship between the two entities, with VGS serving as Onafriq’s trusted partner for PCI compliance and payment features.VGS…

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How Africa’s largest payments network is integrating social mission with its business aspirations

Funmi Dele-Giwa   Being deliberate about creating a “greater purpose” is essential to building an authentic corporate culture, engaging stakeholders, and navigating the evolving landscape of corporate philanthropy. This is the philosophy behind Africa’s largest digital payments network, Onafriq’s, extensive growth and vision to unify the continent’s digital payments landscape according to its General Counsel…

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