Fintechs Face Delays in Kenyan Expansion Due to Lengthy Licensing Procedures
Fintech startups struggle to obtain operating licenses in Kenya. A Payment Service Provider (PSP) license can take up to two years due to approval delays.
Slow licencing process is a headache for fintechs expanding to Kenya
Fintech startups struggle to obtain operating licenses in Kenya. Payment service provider licenses can take up to two years due to approval delays.
Omotayo on Strengthening Africa’s Digital Payments Security
Africa experienced the highest average number of cyberattacks per week per organization in 2023. Investment in cybersecurity has seen a notable increase over the past five years.
Innovation Meets Security: Pioneering Fintech Partnership
VGS has partnered with Onafriq to bolster security and innovation for fintechs in Africa and the Middle East. The partnership provides PCI compliance and payment features for Onafriq's fintech clients.
Empowering African Businesses for Secure African Payments
Mastercard and Onafriq have joined forces to introduce secure, cost-effective, and innovative payment solutions to consumers and SMEs in Africa. Sub-Saharan Africa has 835 million registered mobile money accounts, representing 48% of global users.
