Mastercard has announced the launch of an Africa Cybersecurity Center of Excellence, aimed at enhancing digital trust across the continent. This initiative is part of a multi-year effort to assist governments, financial institutions, and businesses in strengthening their defenses against cyber threats, reflecting the growing importance of cybersecurity in Africa's rapidly expanding technology market.

According to a Visa report, AI-powered scams have emerged as the largest threat in payment fraud, as enhanced network-level security measures have diminished chances for direct system breaches. This shift has led criminals to increasingly exploit human trust to carry out their fraudulent activities.

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.

Centenary Bank has launched Gonza Pay, a secure digital wallet aimed at enhancing financial transactions in Uganda. This initiative comes as the country experiences significant growth in digital financial services, despite a continued reliance on cash among many citizens, according to TechJaja.

Equity Bank has launched a new feature called Secure Float Purchase, aimed at enhancing transaction controls for customers buying float through approved agents. This feature introduces a verification framework that requires customers to pre-authorize trusted agents before transactions can occur. The initiative is a response to increasing risks of mobile money fraud, according to TechTrends KE.

Samsung has introduced a new Scan to Pay feature in Samsung Wallet, provided by EFT Corp, designed to make everyday payments faster and simpler. According to htxt.africa, Galaxy users can now scan QR codes, pay, and go using convenient QR code payments directly within the Samsung Wallet app.