Catenaa, Thursday, May 15, 2025- Verto, a London-based African fintech firm, has won the $1 million Milken-Motsepe Prize in FinTech for its work enabling seamless cross-border transactions in local currencies across Africa. The recognition comes amid renewed efforts to increase intra-African trade, which currently accounts for just 15% of the continent’s global commerce. SMEs and […]

Catenaa, Monday, June 23, 2025-China has added six major financial institutions from Africa, the Gulf, and Central Asia to its cross-border yuan payment system, accelerating efforts to internationalize its currency and reduce global reliance on the US dollar. At a ceremony in Shanghai last week, the African Export-Import Bank, First Abu Dhabi Bank, South Africa’s […]

Catenaa, Saturday, March 29, 2025-Ripple has partnered with Chipper Cash, an African fintech firm, to enhance cross-border payments into Africa using blockchain technology. The collaboration aims to reduce transaction costs and improve financial accessibility.  Chipper Cash, which operates in nine African nations, will integrate Ripple Payments to facilitate faster, round-the-clock global remittances. Ripple’s move comes […]

Catenaa, Saturday, June 07, 2025- Tether, the world’s largest stablecoin issuer, has made a strategic investment in Shiga Digital, a small Abu Dhabi-based startup focused on blockchain financial services across Africa, the company said Thursday. Shiga Digital provides virtual accounts, over-the-counter trading, treasury management and foreign exchange services to businesses throughout the continent.  Though Tether […]