Microfinance firm Barko is entering South Africa’s retail banking market with a new digital bank built on Temenos Transact and powered by The Temenos Banking Cloud.
Multilateral development finance institution the African Development Bank has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of operator MTN Nigeria. The grant will be used for a study into economic, religious, and social factors hampering access to finance for women in northern Nigeria.
Airtel Tanzania has partnered with the country’s I&M Bank to launch a mobile overdraft service.
The Philippines’ Central Bank has approved the issue of a digital banking licence to PayMaya, the financial arm of PLDT’s digital unit Voyager Innovations.
Belize Bank Limited has launched a new banking app developed by Wallet Factory.