Finovate Global North Africa: Financial Inclusion Mobile Money, and Investing in Payments

Finovate Global North Africa: Financial Inclusion Mobile Money, and Investing in Payments

This week’s edition of Finovate Global looks at fintech headlines from companies headquartered in North Africa. Fayda wallet goes live in Ethiopia Designed to revolutionize the way Ethiopians access digital services, Ethiopia’s National ID Program (NIDP) has launched its FaydaPass wallet. The solution, developed in partnership with TECH5 and Visa, will help promote financial inclusion and address the need for verified electronic Know Your Custom…

Ethiopia’s Startup-Backed Fayda Wallet to Boost Digital ID and Financial Inclusion

Ethiopia has introduced the Fayda Wallet, a new digital identity and financial inclusion platform aimed at simplifying electronic Know Your Customer (eKYC) processes and expanding access to formal financial services. The wallet was co-developed by Swiss-based biometrics firm TECH5 and global payments provider Visa.The National ID Program (NIDP) is rolling out the Fayda Wallet as part of its efforts to offer a verifiable digital credential to Eth…