In what appears to be a first for the country, the Somalia Payment Switch (SPS) payments infrastructure under the Central Bank of Somalia has introduced an instant payment system that includes support for QR payments.
In yet another example of the continuing importance to fintechs of emerging markets, Pyypl, a fintech company in the Middle East and Africa (MEA), has announced a principal licence membership and strategic framework agreement with payment giant Visa.
Hungary’s 4iG Group and Elisa Polystar have signed a cooperation agreement for the implementation of an automated network management and customer experience monitoring system.