Global payments platform Grey has launched local currency deposits in Kenya and Ghana, enabling users to fund their accounts in Kenyan Shillings (KES) and Ghanaian Cedis (GHS) via bank transfers and mobile money. This initiative aims to simplify access to international financial services for users in these countries.

African Banking Corporation Limited (ABC Bank) has gone live on the Pan-African Payment and Settlement System (PAPSS), enabling its customers to send and receive payments across 28 participating African countries instantly, securely and affordably. According to Business Today, the service allows individuals and businesses to make near-instant personal and business payments directly from their ABC Bank accounts to recipients' accounts in other African markets.

Paymentology has facilitated the launch of Africa's first mobile-money Tap-to-Pay feature in collaboration with Vodacom Tanzania Plc and M-Pesa Africa. This initiative aims to enhance mobile payment options across the continent.

M-Pesa is collaborating with Visa and Onafriq to pilot stablecoin payments in the Democratic Republic of Congo (DRC). This initiative is part of a broader discussion on financial technology developments, which also includes the Central Bank of Nigeria revoking licenses for several banks and Zain's expansion into Syria after MTN's exit, according to Techpoint Africa.

Visa is enhancing its digital payments ecosystem by introducing new features for Visa Accept and Visa Direct, which allow small businesses to use smartphones for receiving payments and sending real-time payouts without the need for additional payment hardware. These updates are specifically designed to support micro, small, and medium-sized businesses in emerging markets, according to TechTrends KE.

South Africa's Yoco is expanding its services beyond payment processing through a new artificial intelligence deal. This development is part of a broader discussion that includes the Central Bank of Nigeria's data localisation rule, which has raised concerns within the fintech sector, and Visa's plans to integrate AI for shopping with cards in South Africa, according to Techpoint Africa.