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Flutterwave has received approval from the Bank of Ghana to offer inward remittance services, marking a significant enhancement of its operations within the country.
Revolut, a London-based digital banking giant, is reportedly setting up operations in South Africa and has applied for a full banking license, according to sources familiar with the matter. This move positions Revolut to compete with local digital banks such as TymeBank, Discovery Bank, and Bank Zero. In a statement to Techpoint Africa, Revolut confirmed…
Access Bank has partnered with Visa to launch ‘Tap to Phone’ which will allow merchants receive card payments with their phones instead of a PoS system. It said customers will simply tap their cards against a merchant’s phone to pay.
Brass is preparing for a public relaunch months after its acquisition. In recent months, the company has undergone restructuring, layoffs, and a rebranding to Copper Brass.
For 13 years, Remita has facilitated payment collection for Nigeria’s federal government through the treasury single account, but a new payment system is ending this partnership.
Flutterwave has secured a Payment System licence from the Bank of Zambia, officially launching its operations in the country.
As speculation grows around Flutterwave’s IPO plans, a listing on the Nigerian Exchange Limited could pave the way for more local tech companies to follow suit.
The problem with cross-border payments within Africa is bigger than finetchs. In this article, central bank executives share the real reason why technology is not key to instant cross-border transaction in Africa.
Why is it easier to pay across Africa with a Visa or MasterCard but not with mobile money? Experts say lack of interoperability is making cross-border transactions expensive. Could the AfCFTA Digital Trade Protocol be the solution?
A growing emphasis on intra-African trade highlights the need for more effective cross-border payment options. Merchants of record providers hope to fill this gap while aiding business expansion.
POS operators say that the new ATM withdrawal fees announced by Nigeria’s central bank could affect the cost of POS transactions.
Merchants using GTBank’s POS terminals no longer have to pay processing fees as the bank attempts to boost adoption of its POS terminals.
Ecobank Group and Xtransfer have teamed up to offer comprehensive cross-border payment solutions designed for African SMEs involved in foreign trade.
Kenyan-based fintech, Tuma Ventures, has obtained a PSP licence from the Bank of Tanzania, allowing it to expand its digital payments and financial services.
Accrue, founded in 2021, has raised $1.58M to grow its payment infrastructure. Once focused on crypto investing, the startup now tackles Africa’s cross-border payments using stablecoins.
KCB Bank and Mastercard have launched Kenya’s first multi-currency prepaid card, supporting 11 currencies. The card simplifies global transactions with spending controls, real-time exchange rates, and seamless currency conversions.
Nigerian fintech Moniepoint has secured a strategic investment from Visa, months after raising $110M. The partnership aims to deepen financial inclusion, scale SME tools, and drive digital payments growth.
PiggyVest achieved significant milestones in 2024, disbursing ₦835 billion to users, growing assets under management by 76%, and planning a 2025 budgeting feature to enhance user savings.
Nigerian fintech startups LemFI has raised $53 million as it expands its remittance service into Europe. This brings the startup’s total funding to $85 million.
Mastercard has launched a new office in Accra, Ghana, to deepen its impact on West Africa’s fintech sector. The initiative aims to enhance digital payments, create jobs, and foster financial inclusion.