Digital Payments
Octane, a digital payments platform, has launched O-Tolls in partnership with the National Company for Roads Building and Development, becoming Egypt's first to offer digital payments for toll gates and truck weighing for vehicles. The service uses Near Field Communication (NFC) technology to streamline operations across more than 500 toll gates and weighing stations. It aims to boost operational efficiency and cut costs for logistics firms.
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Ethiopia's Ministry of Justice has directed all commercial banks to freeze the accounts of ten payment gateway providers and provide complete financial records. The action aims to probe allegations of tax evasion and money laundering in the expanding digital finance sector. This follows a recent lifting of freezes on related individuals.