M-KOPA Uganda has unlocked over Shs1 trillion in cumulative credit for more than one million customers since its inception in 2013. This milestone highlights the company's efforts to enhance access to smartphones and digital financial services for Ugandans who are typically excluded from traditional banking systems. The announcement also includes the launch of new upgrade benefits for customers.

MTN Uganda has introduced a new digital transport solution called Cashless School Days, designed to enhance the safety and convenience of student commutes. Launched at Kololo Secondary School, the initiative features wearable technology that enables students to access school transport services without the need for cash payments.

Interswitch has formed a strategic partnership with Tropical Bank Limited to enhance access to banking services in Uganda. This collaboration is designed to transform the way Ugandans engage with formal banking by providing essential services through a wide network of agents. The integration of Tropical Bank's services with Interswitch's digital infrastructure aims to improve customer access across the country.

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.

Uganda's digital retail sector is experiencing a shift towards 'quick commerce,' which aims to deliver groceries and essentials within 30 to 60 minutes. However, industry players highlight that this growth is challenged by ongoing issues related to digital infrastructure and retail preparedness. The Vice President of Quick Commerce discussed these developments in the context of the evolving market.

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.