Equity Mobile has introduced QR Code Payments to enhance the efficiency of mobile banking transactions. This new feature allows customers to send, receive, and request money without the need to manually enter phone numbers or account details, thereby reducing transaction time and minimizing errors. The expansion of QR payments aims to simplify the overall user experience in mobile banking.

Kenya has solidified its status as a leading digital financial market, bolstered by widespread mobile money adoption and a growing cashless payment ecosystem. The mobile merchant payments sector has seen consistent growth, primarily fueled by Safaricom's Lipa na M-Pesa platform, which has significantly enhanced mobile retail transaction volumes.

MTN Nigeria has highlighted the ongoing issue of SIM-swap fraud in Nigeria's digital economy, despite various efforts to tackle the problem through discussions and conferences. The telecom company claims to have a lasting solution and is advocating for banks to contribute to the costs of telecom-powered security checks to combat this fraud.

On June 24, the National Computer and Cybercrime Coordination Committee in Kenya announced plans to collaborate more closely with banks and mobile network operators to enhance the recovery of mistakenly sent mobile money transfers. This initiative aims to address a rise in cybercrime cases in the country, as highlighted in a recent cybercrime status report.

OPay, a prominent fintech company in Nigeria, has launched two new features: an Emergency Lock and a Safety PIN, aimed at enhancing user security and protection. These features are designed to help Nigerians safeguard their financial transactions and personal information more effectively, according to Techpoint Africa.

The rebranding of Credable to _able highlights the importance of credit infrastructure in Africa, according to TechTrends KE. While consumers typically interact with familiar financial service brands like banks and fintechs, the underlying infrastructure remains largely unseen. The Dubai-based company believes that enhancing this infrastructure presents a significant opportunity for growth in the African financial services market.