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Paystack, quietly obtained a switching license from the CBN early in 2022. This puts some interesting context to the company’s recent product launches.
NIBBS has directed banks and other financial institutions to remove companies that are not licensed to take deposits from its outward transfer list.
GetEquity COO was reportedly detained by the police over unpaid funds to Nigerian startup, Peppa.
Nigerian fintech, Bloc, has received an approval-in-principle from Nigeria’s Central Bank.
Loan defaulters are keeping Nigeria’s digital lenders up at night, but experts say penalties are necessary to stop the development.
In South Africa, Vodacom intends to gradually replace the My Vodacom smartphone app with the VodaPay super app to drive financial inclusion.
Three finance executives have exited Flutterwave following the disclosure of an investigation into the startup by the US SEC in 2017.
Paystack has received necessary licences to expand in to Egypt, Rwanda, and Côte d’Ivoire.
DLM Trust cancels partnership with Patricia to pay ₦2 billion in withheld customer funds
Kippa will shut down its offline payment solution, KippaPay in November, and lay off part of the team in December.
What Nigerian fintech founders can learn from fraudsters In this article, Jude Dike, CEO and Co-founder, GetEquity, dives deep into the struggles of Nigerian fintech that few people are talking about
Users of Airtel’s SmartCash can now receive foreign transfers in naira following the CBN’s approval of a naira payout option for diaspora remittance in July 2023.
Paystack has built Virtual Terminal. A way for physical stores to accept payment without the additional cost of PoS machines.
Revio, a South African fintech that provides payment orchestration software, has raised $5.2 million from QED Investors, Partech, Ralicap, Everywhere VC, and Speedinvest.
Nigeria’s next CBN governor may be qualified for the job, but this fact about him could be a problem
With over 30 years of experience in the public and private financial sectors, Yemi Cardoso is a good fit for CBN governor, but this fact about him could be a problem.
Inside Moniepoint’s gamified, offline strategy for retail banking and financial inclusion in Nigeria
From gamifying transactions to leveraging an expansive offline network, Moniepoint plans to redefine financial inclusion in Nigeria. We delve into the company’s multi-faceted retail banking approach aimed at serving everyone—smartphone owners and beyond
MTN’s MoMo and Saana Capital have partnered to enable customers to send and receive money across Africa. The collaboration also allows MoMo’s users to settle their bills across the continent.
Moniepoint has launched a consumer app and debit cards in a bid to enter the personal banking market. Previously available to businesses in Nigeria, this move will make its services available to everyone.