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Africa will implement the Pan African Payment and Settlement System (PAPSS) by February 2024, enabling transactions in local currencies without relying on the U.S. dollar. Kenya will host the headquarters, promoting regional trade and integration.

HoneyCoin, a Kenyan Web3 super app, partners with MYKOBO to launch in Europe, allowing users in the EU to easily manage digital Euros across 140 countries, excluding sanctioned territories.

Peach Payments has partnered with Float to offer merchants an interest-free installment option at checkout, enhancing online shopping. Float uses existing credit cards for payment flexibility, benefiting both consumers and retailers with increased sales and improved financial management.

Kotani Pay is expanding its crypto on-ramp and off-ramp services into Rwanda and Uganda, enhancing access to blockchain via USSD for local businesses and users. This move aims to simplify crypto- fiat exchanges and support fintech growth in these markets.

VALR, a crypto exchange in South Africa, has received Category I and II licenses from the FSCA, making it one of the first regulated crypto asset platforms in the country. This approval enhances customer protection and regulatory compliance, promoting trust in the crypto industry.

Nigerian fintech startup Opay has seen a 30% increase in valuation, reaching $2.7 billion since its 2021 Series C funding round. Its services and agent banking model significantly boosted its user base and revenue in 2023, aided by a currency shortage in Nigeria.

VISA will launch a stablecoin pre-funding pilot through Visa Direct at SIBOS 2025, enhancing global cross-border payments by offering faster, smarter liquidity and modernizing treasury operations for businesses.

BridgeCard, cofondée par Owumi Festus et Tunde Adewole, est une application fintech qui regroupe les comptes financiers des utilisateurs pour des transactions fluides. Sélectionnée pour la promotion S22 de Y Combinator, elle a levé 440 000 $ pour améliorer sa plateforme et sa base d'utilisateurs.

a16z’s Crypto Startup Accelerator (CSX) Spring 2024 program is set to kick off this week in London, marking the beginning of an intensive 10-week journey for 25 promising early-stage startups in the crypto space, the company said in a blog post.
The startups were selected from a highly

L'Éthiopie a lancé sa Stratégie Nationale de Paiement Numérique et le système EthioPay pour améliorer la finance numérique et faciliter le commerce dans le cadre de la ZLECAf. Cette initiative vise à renforcer l'inclusion financière et à réduire les barrières pour les groupes sous-servis.

YellowCard has received a Virtual Asset Provider license in Botswana, marking a significant milestone as the first licensed crypto exchange in Africa. This follows a $40 million Series B fundraiser, indicating strong growth and future potential in the region's cryptocurrency market.