Ghana has taken a major step toward financial inclusion by enabling payments through its national identification system. The National Identification Authority has introduced a digital wallet feature on the Ghana Card, allowing citizens to use their ID for financial transactions. The Ghana Card, already used for services such as SIM registration and passport applications, now…
Visa has introduced a new suite of dispute resolution tools aimed at modernizing how payment conflicts are handled. The launch comes as dispute volumes continue to rise across the global payments ecosystem. In 2025, Visa processed a record 106 million disputes worldwide, marking a 35 percent increase since 2019. This surge has created operational pressure…
Financial institutions are confronting a new wave of scams that combine advanced technology with human manipulation. As digital payments grow faster and more accessible, fraud tactics are evolving just as quickly. A recent discussion led by Aman Cheema, Vice President and Head of Global Professional Services for Risk and Security Intelligence Solutions at Visa, highlights…
OpenFX, a foreign exchange startup, has raised 94 million dollars in a Series A funding round to expand its stablecoin powered cross border payment platform. The company aims to simplify international money transfers by building infrastructure that allows businesses to move funds faster and at lower cost. The funding comes less than a year after…
Stablecoins are evolving beyond their original role as digital tokens tied to traditional currencies. Industry developments now suggest that stablecoins are forming the foundation of a new financial infrastructure, similar to the layered architecture that shaped the early internet. Recent announcements across the financial technology sector show rapid expansion in stablecoin capabilities. Visa and Bridge…
Nearly 300 million adults across Africa remain unbanked, most living in rural and low-income communities. Despite rapid growth in digital financial services, access to formal finance remains uneven. At the same time, opportunity is expanding quickly. According to McKinsey, Africa’s fintech revenues are projected to rise almost fivefold, from approximately US$10 billion in 2023 to…
Rwanda recorded a sharp decline in digital payment fraud cases in 2025, according to new data from the National Bank of Rwanda. Officials announced the figures during a joint press conference of the Monetary Policy Committee and the Financial Stability Committee on February 2. The central bank reported that fraud cases linked to digital payments…
