Fintech

EXCLUSIVE

Nigerian Verve cardholders can now purchase apps in naira on Google Play Store

EXCLUSIVE

CBN unfreezes accounts of Bamboo, Risevest, and Chaka

EXCLUSIVE

Top 10 banks with the most branches in Nigeria

An illustration of buildings and logo of Nigerian banks

EXCLUSIVE

Top payment gateways for businesses in Nigeria — 2023

EXCLUSIVE

Mastercard partners with SomBank to issue 100,000 debit cards in 2023

EXCLUSIVE

Our grand plan to unlock riches from Nigeria’s hidden wealth – MoMo PSB CEO, Eli Hini

EXCLUSIVE

Payday suspends virtual card partnership with Mastercard provider, directs users to Visa

EXCLUSIVE

OPay caps free bank transfers to 3 per day as economic realities set in

EXCLUSIVE

There’s 1 PoS agent for every 80 Nigerians, but here’s why it won’t drive financial inclusion

PoS

EXCLUSIVE

Companies with the most PoS agents in Nigeria – Report

PoS agent attending to a customer

EXCLUSIVE

The Nigerian Financial Services Market Report: Industry insights and figures

EXCLUSIVE

Islamic fintech, Agel closes pre-seed round to provide alternative financing for small businesses in Egypt 

An image of the Agel team

EXCLUSIVE

A media giant, Stripe investor, and an Israeli unicorn are setting their sights on African fintech 

MultiChoice

EXCLUSIVE

Zofi Cash gets $1 million debt facility from Advancly to expand earned-wage access 

EXCLUSIVE

Salaries and school fees to be paid with eNaria as CBN scrambles for adoption

EXCLUSIVE

TymeBank’s parent company gets $77.8 million to drive its South African and Asian expansion plans

Customer transacting in a Tyme partner storestore

EXCLUSIVE

Ongoing USSD disputes threaten to exclude 17 Million Nigerians from banking services

An image of individuals standing outside a bank

EXCLUSIVE

Report: By 2030, Africa will be fintech’s fastest-growing region 

Lagos Island market

EXCLUSIVE

Are local card schemes the lifeline for Africa’s virtual card startups?

Loans

EXCLUSIVE

This Nigerian startup is making it possible to send giveaway funds straight to Twitter DMs; here’s how it works    

A picture of a man sitting in a restaurant holding is phone.




















Nigerian Verve cardholders can now purchase apps in naira on Google Play Store

Google has partnered with Verve, a payment card company, to allow Nigerians to buy apps in naira on Google Play Store.

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CBN unfreezes accounts of Bamboo, Risevest, and Chaka

The Central Bank of Nigeria has unfrozen the bank accounts of Bamboo, Risevest, and 437 others.

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Top 10 banks with the most branches in Nigeria

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.

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Top payment gateways for businesses in Nigeria — 2023

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.

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Mastercard partners with SomBank to issue 100,000 debit cards in 2023

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.

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Our grand plan to unlock riches from Nigeria’s hidden wealth – MoMo PSB CEO, Eli Hini

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

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Payday suspends virtual card partnership with Mastercard provider, directs users to Visa

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

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OPay caps free bank transfers to 3 per day as economic realities set in

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?

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There’s 1 PoS agent for every 80 Nigerians, but here’s why it won’t drive financial inclusion

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.

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Companies with the most PoS agents in Nigeria – Report

Who rules agency banking in Nigeria? From OPay to Moniepoint, here’s a list of companies with the most PoS agents in Nigeria

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The Nigerian Financial Services Market Report: Industry insights and figures

Are there really too many fintech startups? Get fact-based insights about this and many more in this Nigerian fintech industry report.

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Islamic fintech, Agel closes pre-seed round to provide alternative financing for small businesses in Egypt 

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.

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A media giant, Stripe investor, and an Israeli unicorn are setting their sights on African fintech 

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.

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Zofi Cash gets $1 million debt facility from Advancly to expand earned-wage access 

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.

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Salaries and school fees to be paid with eNaria as CBN scrambles for adoption

According to International Monetary Fund, eNaira adoption is “disappointingly low.” It says, however, that its’s too early to judge Africa’s first CBDC.

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TymeBank’s parent company gets $77.8 million to drive its South African and Asian expansion plans

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.  

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Ongoing USSD disputes threaten to exclude 17 Million Nigerians from banking services

The dispute between commercial banks and telcos in Nigeria has taken a new turn after telcos received approval to cut off access to banks. However, such a move risks alienating the over ten million Nigerians who do not have smartphones but own bank accounts.

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Report: By 2030, Africa will be fintech’s fastest-growing region 

Fintech startups have come to represent the innovation that’s taking place in Africa’s startup space. A new report by the Boston Consulting Group and QED Investors expects the region to be fintech’s fastest growing this decade.

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Are local card schemes the lifeline for Africa’s virtual card startups?

As virtual dollar cards have become a popular means of international payments, African card issuers have struggled with chargeback fraud and declined transactions. This has led to calls for a local card scheme, a solution several experts disagree with.

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This Nigerian startup is making it possible to send giveaway funds straight to Twitter DMs; here’s how it works    

Cross-border payments in Africa are a hassle but what if it could be as simple as sending a Twitter DM? Here’s how Chimoney is doing this.

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