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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.

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New Era for Payments in Somalia: Somalia Payment Switch Launches Instant Payment System

The Fintech Times

The Somalian financial ecosystem has taken its next step in the digital world as the Central Bank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instant payment system.

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How is Senegal Leveraging Fintech to Overcome Major Inclusion and Economic Challenges?

The Fintech Times

The majority of traditional financial services infrastructure, such as ATMs and point-of-sale terminals, are concentrated in the capital city of Dakar, leaving rural areas underserved. Additionally, cash remains the preferred payment method for 56 per cent of Senegalese.

FinTech 59
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Nigeria Turns To FinTechs To Boost Financial Inclusion

PYMNTS

In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. Nigerians in underserved locations will have access to cost-effective payment services, cash-in and cash-out facilities, and savings products.”.

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Tarabut Collaborates With Geidea to Improve Access to Financing for SMEs in Saudi Arabia

The Fintech Times

By collaborating, Tarabut and Geidea plan to explore and develop new solutions that create more efficient and accessible financing opportunities that empower SMEs, including those underserved by traditional financial services, across Saudi Arabia to thrive. SMEs currently represent 1.3

Finance 64
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dLocal Bags New Licences and Authorisations in the UAE, Turkey, and the Philippines

The Fintech Times

In Turkey, dLocal has received authorisation from the Central Bank of the Republic of Türkiye to operate cross-border payments via Lidio Payment Services Inc (Lidio). This licence enables dLocal to directly operate cross-border flows for both payins and payouts, its two main services, within the country.