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Safaricom has launched its mobile money service, M-PESA, in Ethiopia. This comes three months after receiving a Payment Instrument Issuer Licence from the National Bank of Ethiopia.
Airtel Money users in Kenya can now send up to KSh 500,000 daily, an increase from KSh 300,000. This move comes after Safaricom raised the limit on daily transactions for its mobile money service, M-PESA.
Due to a revised mobile money transaction cap, M-Pesa customers will make more transactions starting August 15, 2023. This move follows the Central Bank of Kenya’s approval.
Google has partnered with Verve, a payment card company, to allow Nigerians to buy apps in naira on Google Play Store.
The Central Bank of Nigeria has unfrozen the bank accounts of Bamboo, Risevest, and 437 others.
Which bank has the most branches in Nigeria? Out of the 4,437 banks in the country, these are the top 10 banks with the most branches.
Whether you run a supermarket chain or an Instagram store, being able to accept digital payments will significantly boost your business. These payment gateways provide the best value for businesses in Nigeria.
100,000 Somalis will be issued debit cards in 2023 following a partnership between SomBank and Mastercard. This comes after the introduction of a QR code standard by the Central Bank of Somalia in June 2023.
MTN’s mobile money subsidiary, MoMo PSB, made a landmark launch in 2022. Now, we sit down with CEO Eli Hini, the business whiz behind MoMo’s explosive success in Ghana, to talk goals, overcoming a ₦10 billion hack and more. Dive into the journey of #MoMoNigeria
Nigerian startup Payday has announced a temporary suspension of its partnership with its Mastercard provider. In a statement released, the company claimed its partnership with the provider was not meeting the standards required to serve its customers
OPay has started charging customers after their third transfer to other banks within 24 hours. Why are Nigerian fintechs ditching free transfer after leading with it?
In Nigeria, one bank branch serves 27,000 people, but there’s one PoS agent for every 80 people. While agency banking seems key to financial inclusion, here’s why it won’t work.
Who rules agency banking in Nigeria? From OPay to Moniepoint, here’s a list of companies with the most PoS agents in Nigeria
Are there really too many fintech startups? Get fact-based insights about this and many more in this Nigerian fintech industry report.
Agel, an Islamic fintech, has closed a pre-seed round from investors such as Plus Venture Capital (+VC), Seedstars International Ventures, and Flat6labs to provide alternative financing for Egyptian small businesses.
Through a joint venture with Rapyd and General Catalyst, MultiChoice has launched a fintech solution. While its large user base and strong brand presence provide a foundation, how it navigates these partnerships could determine its success or failure.
Ugandan fintech startup, Zofi, has received $1 million to expand its earned-wage access. With more than 3,000 employees served since 2021, Zofi hopes to extend its services to more of the 20,000 employees on its waitlist.
According to International Monetary Fund, eNaira adoption is “disappointingly low.” It says, however, that its’s too early to judge Africa’s first CBDC.
With more than 7 million customers in South Africa, Tyme has raised $77.8 million, which it plans to use for expansion across Southeast Asia and South Africa.