Day: May 28, 2025

IT News Africa’s Digital Finance Africa 2025 drives fintech innovation, secure cross-border payments, AI advancements, and financial inclusion across Africa. JOHANNESBURG, May 28, 2025 (GLOBE NEWSWIRE) — Africa is undergoing a profound financial transformation, with fintech and cross-border payments leading the charge. The continent’s cross-border payments market is projected to grow from $329 billion in 2025 to $1 trillion by 2035, fueled by fintech innovation and intra-African trade. This growth enhances financial inclusion, connecting millions via mobile money, where Africa leads globally. However, this digital surge heightens cybersecurity risks, necessitating robust fraud prevention. Fintechs must prioritize compliance, identity verification, and AI to

TMF Group today launched its 12th annual study on global business complexity, ranking countries according to the burden of their rules for doing business. LONDON, May 28, 2025 (GLOBE NEWSWIRE) — The Global Business Complexity Index (GBCI) studies over 250 indicators of complexity in 79 jurisdictions that represent 94% of the world’s GDP. The complexity that the report measures is a dead-weight burden on business that stifles local innovation and deters foreign direct investment with no obvious societal benefit. The report has consistently shown that countries in Southern Europe and Latin America are the most complex for doing business and that continues