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Fintech

The Nigerian Financial Services Market Report: Industry insights and figures

Yinka Awosanya

3 months ago

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Fintech

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

Emmanuel Paul

2 weeks ago

Fintech

MTN’s fintech and Saana Capital partner to allow MoMo users to send and receive money across Africa

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.

Victoria Fakiya

1 month ago

Fintech

Nigerian fintech with largest agency banking network, Moniepoint, enters the personal banking market to challenge OPay, PalmPay

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.

Victoria Fakiya

1 month ago

Fintech

Safaricom launches M-PESA three months after obtaining an operating licence in Ethiopia

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.

Victoria Fakiya

1 month ago

Fintech

Following M-PESA's lead, Kenya's Airtel Money has increased daily transaction limits

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.

Victoria Fakiya

1 month ago

Fintech

Safaricom will raise M-PESA users' daily transaction caps to support SMEs in Kenya

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.

Victoria Fakiya

1 month ago

Fintech

OPay CEO, Olu Akanmu steps down

OPay-Nigeria CEO, Olu Akanmu has stepped down.

Bolu Abiodun

2 months ago

Fintech

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.

Victoria Fakiya

2 months ago

Fintech

CBN unfreezes accounts of Bamboo, Risevest, and Chaka

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

Bolu Abiodun

2 months ago

Fintech

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.

Chimgozirim Nwokoma

3 months ago

Fintech

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.

Chimgozirim Nwokoma

3 months ago

Fintech

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

Emmanuel Paul

3 months ago

Fintech

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

Emmanuel Paul

3 months ago

Fintech

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?

Bolu Abiodun

3 months ago

Fintech

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

Bolu Abiodun

3 months ago

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