Kenya’s High Court has exempted Pesapal from VAT, overturning a $1.6 million tax demand. The ruling classifies digital payment services as financial services, setting a key precedent for fintech taxation.
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PayU Kenya has shut down after six years, appointing a liquidator to wind up its operations in the country.
OPay has crowned the first grand prize winners of its MyOPay Security Vote Challenge in Lagos, rewarding creative entries that showcased its seven in-app security features and reinforcing digital safety awareness among millions of Nigerian users.
The Bank of Ghana has suspended remittance services of eight fintech firms, including Flutterwave and Tap Tap Send, for breaching 2023 inward remittance guidelines.
Pesapal has won a VAT exemption case in Kenya, a move that sets a major legal precedent for fintechs and limits KRA’s scope in taxing digital financial services.
FAAN pilots contactless payment at airports with Paystack’s NFC cards, part of a broader shift to cashless tolls and improved service efficiency.
BankservAfrica has rebranded to PayInc SA, marking its shift from legacy systems to a digital-first, fintech-style payments platform for banks, fintechs, and startups.
SARB is allowing non-bank fintechs to access South Africa’s national payment system for the first time, under new rules aimed at modernising the financial sector.
Egypt’s stock exchange is going mobile. With the launch of the EGX app, it hopes to modernise investor access, increase transparency, and attract young, tech-savvy Egyptians into retail investing.
Banque Misr’s digital arm gets greenlight to launch Egypt’s first fully digital bank, onebank, set to operate entirely online by 2026.
Egyptian fintech ValU is gaining momentum, growing its reach and challenging regional giants like MNT-Halan. With more customers, products, and market share, it’s fast becoming a dominant force in MENA’s fintech scene.
Pending regulatory approval, Nedbank is set to acquire Durban-based fintech iKhokha for $93.3 million to strengthen its SME digital offerings.
Payaza has secured SEC approval to raise ₦20 billion in Series 3 and 4 of its ₦50 billion commercial paper programme.
Revolut has hired former Uber executive Amine Berrada to lead its Morocco operations as it eyes licences in the country and South Africa.
Earlybean is building a finance app for kids that combines fun learning with real-world money management, empowering African children to earn, save, and spend smartly from an early age.
A guide to 20 fintech companies in Nigeria, from Paystack to PiggyVest. Understand what they do and who they serve in this fast-growing tech scene.
MTN Uganda has received shareholder approval to spin off its fintech arm, paving the way for greater investor interest and a potential public listing within five years.
Ethiopia has launched its first domestic credit card, marking a major step in the country’s digital finance journey. Backed by Sanupay and OpenWay, the card adds new options to a market dominated by mobile money.
Finnova is a Nigerian startup simplifying banking for millions of users through its WhatsApp embedded chatbot.
In a rare move for a Nigerian startup, Payaza raised and repaid ₦14.9bn in commercial paper. CEO Seyi Ebenezer shares how robust internal structures and discipline made it possible and why others should follow suit.
Kuda processed ₦14.3 trillion in Q1 2025 across over 300m transactions, issued ₦17b in overdrafts, and relaunched its multicurrency wallet, as it competes with OPay, PalmPay, and Moniepoint.