Tag : Zambia

AEON, the settlement layer for the agentic economy, has expanded AEON Pay into Zambia, integrating local wallets Airtel Money and MTN Mobile Money. Zambian users can now spend digital assets seamlessly while merchants receive instant settlement in Zambian Kwacha (ZMW). This development bridges the gap between decentralized retail financing and established localized payment behaviors, while providing a crucial real-world terminal layer for autonomous AI agents. Read More on Fintech : Global Fintech Interview with Rob Young, Managing Director – UK at InDebted Connecting to Africa's Mobile Money Infrastructure This move responds to Zambia's explosive digital payment growth. According to the Bank of Zambia FinScope 2025 Survey, mobile money adoption has surged to an unprecedented 76.2%. Integrating with Airtel and MTN places crypto utility directly inside daily workflows for millions of consumers. Accessible via Telegram MiniApps and wallet dApps, AEON's network already powers transactions for over 50 million merchants globally, including McDonald's and UNIQLO. This expansion further scales AEON's footprint across Africa and LATAM. The Real-World Settlement Layer for Agentic Commerce Crucially, this integration builds the foundational settlement infrastructure for the agentic economy. For autonomous AI agents to independently execute actions, these AI agents must interface with local payment rails. By integrating Airtel and MTN, AEON provides the programmable API framework these agents need to transact via digital assets while local merchants receive real-time fiat settlement in Kwacha. As AEON progressively scales into more territories, it constructs a highly distributed, real-world framework. Every localized rail added to the network expands the geographical footprint where AI agents can fluidly conduct business, opening the door to unprecedented machine-to-human economic integration. Catch more Fintech Insights : The AI Shift in Fraud: Why Banks Need a New Playbook [To share your insights with us, please write to psen@itechseries.com ]
Digital Payments Finance News

AEON Expands to Zambia, Bridging Global Crypto and Agentic Commerce with Local Mobile Money

PR Newswire
AEON, the settlement layer for the agentic economy, has expanded AEON Pay into Zambia, integrating local wallets Airtel Money and MTN Mobile Money. Zambian users can now spend digital assets seamlessly while merchants receive instant settlement in Zambian Kwacha (ZMW). This development bridges the gap between decentralized retail financing and......
AgDevCo Makes Follow-on Investment in EFAfrica Group
Investment Services News

AgDevCo Makes Follow-on Investment in EFAfrica Group

GlobeNewswire
Specialist agricultural investor AgDevCo is pleased to announce a $7.2 million follow-on investment into its longstanding portfolio company, EFAfrica Group Limited (EFAG). EFAG is an equipment leasing company focused on small and medium-sized enterprises and farmers in Africa. The company serves over 1,500 lessee entrepreneurs across Kenya, Tanzania and Zambia,......
Digital Payments in Kenya Grow Beyond Pandemic-Led Push, reports Cellulant
Digital Payments News

Lake Harvest Zambia Joins the Tingg Digital Payment Ecosystem

Fintech News Desk
This partnership will place Cellulant’s payment platform, Tingg, in all of the 13 Lake Harvest outlets across Zambia and ensure they are able to accept all forms of mobile money Cellulant , a leading Pan-African payments company, has partnered with one of Zambia’s leading fish distributors, Lake Harvest to enable......
Xoom, a PayPal service, announces secure money transfers to mobile wallets in 12 countries in Africa
Business Fintech News

Xoom, a PayPal Service, Announces Secure Money Transfers to Mobile Wallets in 12 Countries in Africa

Fintech News Desk
– Helps reduce the cost of sending money to Africa – Xoom, PayPal’s money transfer service, announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa with a focus on the......
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