Fintech
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On the back of plans to officially list on the NSE and the LSE, Nigeria’s pioneering fintech company, Interswitch limited, looks to enter a new stage in its growth, with the issue of a ₦23 billion bond on the Nigerian Stock Exchange.
Ecobank Group has quietly launched a pan African banking sandbox, giving partners and fintechs in 33 countries, access to its APIs to develop innovative financial solutions across the continent.
Both Mastercard and Visa have participated in separate funding rounds in Nigerian fintech company, Flutterwave, signalling a long-time rivalry and what seems to be a battle for Nigeria’s card and online payment industry.
With reduced interest rates eclipsing those offered by fintechs in the moneylending space, commercial banks may be creating fresh competition that could give Nigerians a taste of what has been missing for years
A recent report suggests Opera’s micro-lending platforms may have violated Google’s policies but other lending platforms are not exempt from this. Should they be worried?
OPay takes lending feature, OKash, off its app. This might be in response to reports that recently emerged stating that Opera’s lending businesses have been in constant violation of Google’s Playstore policies.
Fintech expert, Adedeji Olowe makes some educated guesses on the Nigerian fintech space in 2020, with WhatsApp predicted to put fintechs under threat, a major fintech acquisition and the arrival of the Monzo of Africa
A look at the predictions of Open Banking Nigeria trustee, Adedeji Olowe, for the financial technology space in 2019 shows that some of them came to pass.
Tanzanians abroad can now send money directly to recipients’ M-Pesa wallets as Vodacom Tanzania partners with WorldRemit in a mobile money transfer deal
OPay continues to try out different services on its mobile application with a messaging feature now added to an existing log of 15 services. We explore what this might mean for the startup’s super app plans.
Backed by the CBN and NIBSS, Financial Service Innovators has launched a fintech industry innovation sandbox to help innovators develop creative financial solutions and scale regulatory hurdles
There is a competition brewing between OPay and PalmPay, and this thinking is down to the strong investor network of both sides. But how deep does the investor tie really go?
Looking to grow your money without worrying about Naira fluctuations and inflation? These 4 platforms help you invest in foreign stock markets using local funds
Transsion Holdings, the company behind the TECNO, Infinix and Itel brands, may have finally entered the African mobile payment market with PalmPay. Could this signal a competition with Opera’s OPay?
Visa is reportedly about to acquire a 20% stake in Interswitch for $200m, effectively making it Nigeria’s first unicorn; i.e. a privately-held company valued at $1 billion or more.
Insights from merchants and customers all point to the fact that the ₦50 stamp duty on POS transactions is counterintuitive to CBN’s cashless society project.
OPay recently reviewed the transfer bank charges fee on its platform. The implication is that users no longer have the luxury of paying ₦10 for bank transfers on the platform. But the payment platform has another agenda
Chaka is giving Nigerian access to invest in assets listed on both local and foreign exchanges.
In what looks like a move to cement its pan-African payment status, Flutterwave is testing cross-border money transfers.
On Thursday, Eyowo launched as a digital bank which makes use of mobile numbers to enable peer-to-peer transactions. It has also included businesses in its service offerings with Eyowo Retail.