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Fintech
The Bank of Mozambique, the country’s central bank, has granted Flutterwave a preliminary payment aggregator licence to expand its services there.
Nigerian fintech giants Paystack and PiggyVest are part of a group that has acquired business banking startup Brass months after it struggled with customer payouts.
eFinance Investment Group, an Egyptian digital and financial investment firm, has acquired minority stakes in Al Ahly Momkn and EasyCash to grow and expand the digital payments market in the…
OPay is starting a physical address verification process to comply with new CBN requirements. The fintech also emphasised employee identity verification to prevent impersonation or fraud.
Ghanaian fintech startup Zeepay has received approval from the Bank of Ghana for outbound money transfers within the regulatory sandbox. This comes just a month after Zeepay closed a $3…
Flutterwave has said that customer funds were unaffected in an alleged ₦11 billion breach that happened in April this year. The fintech said attempts to compromise system security are a…
Digital payments in Nigeria are on the rise, with account transfers and card payments being the preferred options for users. But what factors influence how users pay?
Bamboo has launched Nigerian stocks on its platform. Users can now invest in Nigeria companies like Access Holdings, MTN Nigeria Communications, Dangote Cement, and Nestle Nigeria.
Lesaka Technologies, a South African fintech company, has acquired Adumo RF, an online payment platform, for $86.4 million in cash and equity. This comes three months after it acquired 100%…
eTranzact Global Limited, a payment technology solutions provider in Nigeria, has expanded into Uganda after obtaining an operational licence from the Bank of Uganda to offer several payment solutions and…
Chipper Cash, an African cross-border payment startup, has resumed operations in the United States after halting operations in the region for two months due to a terminated bank partnership.
Card payments have come a long way in Nigeria, and it’s currently exploding. We take a deep dive into the business of card payments in Nigeria.
MTN South Africa has partnered with Investec and Electrum to integrate PayShap on its Mobile Money (MoMo) platform to address financial inclusion for the underbanked population.
The CBN has granted Unified Payments a Payment Terminal Service Aggregator licence to combat financial crimes. This comes 13 years after Nigeria Inter-Bank Settlement System Plc received the first.
Nigeria’s fintech industry is booming but not without risks. In this opinion piece, Gladefinance CEO, Liyi Victor discusses how innovations have reshaped banking but also opened up vulnerabilities, emphasising that…
A week after 19 suspects were rounded up in connection to the recent $2.1 million Equity Bank Kenya fraud incident, a yet-to-be-named employee of the bank has been implicated in…
Family businesses power Nigeria’s economy, contributing $200 billion to GDP, yet face capital access issues with only 4% of MSMEs securing loans. This article explores how fintechs can bridge the…
First Bank of Nigeria has appointed Olusegun Alebiosu, the former Executive Director and Chief Risk Officer, as acting Managing Director and CEO, succeeding Adesola Adeduntan eight months before his tenure…
Wema Bank has removed and suspended up to seven fintech partners as part of its anti-fraud campaign. This comes days after the bank announced it lost ₦685 million to fraud…
MTN MoMo has expanded to 10 new countries and 25 wallet corridors for a 4% launch fee. This comes after Mastercard committed to investing $200 million in MTN Group fintech…
Top stories
The Bank of Mozambique, the country’s central bank, has granted Flutterwave a preliminary payment aggregator licence to expand its services there.
Nigerian fintech giants Paystack and PiggyVest are part of a group that has acquired business banking startup Brass months after it struggled with customer payouts.
eFinance Investment Group, an Egyptian digital and financial investment firm, has acquired minority stakes in Al Ahly Momkn and EasyCash to grow and expand the digital payments market in the country.
OPay is starting a physical address verification process to comply with new CBN requirements. The fintech also emphasised employee identity verification to prevent impersonation or fraud.
Ghanaian fintech startup Zeepay has received approval from the Bank of Ghana for outbound money transfers within the regulatory sandbox. This comes just a month after Zeepay closed a $3 million equity investment.
Flutterwave has said that customer funds were unaffected in an alleged ₦11 billion breach that happened in April this year. The fintech said attempts to compromise system security are a common occurrence in the financial service industry.
Digital payments in Nigeria are on the rise, with account transfers and card payments being the preferred options for users. But what factors influence how users pay?
Bamboo has launched Nigerian stocks on its platform. Users can now invest in Nigeria companies like Access Holdings, MTN Nigeria Communications, Dangote Cement, and Nestle Nigeria.
Lesaka Technologies, a South African fintech company, has acquired Adumo RF, an online payment platform, for $86.4 million in cash and equity. This comes three months after it acquired 100% of Touchsides, Heineken’s data analytics and merchant services firm.
eTranzact Global Limited, a payment technology solutions provider in Nigeria, has expanded into Uganda after obtaining an operational licence from the Bank of Uganda to offer several payment solutions and services.
Chipper Cash, an African cross-border payment startup, has resumed operations in the United States after halting operations in the region for two months due to a terminated bank partnership.
Card payments have come a long way in Nigeria, and it’s currently exploding. We take a deep dive into the business of card payments in Nigeria.
MTN South Africa has partnered with Investec and Electrum to integrate PayShap on its Mobile Money (MoMo) platform to address financial inclusion for the underbanked population.
The CBN has granted Unified Payments a Payment Terminal Service Aggregator licence to combat financial crimes. This comes 13 years after Nigeria Inter-Bank Settlement System Plc received the first.
Nigeria’s fintech industry is booming but not without risks. In this opinion piece, Gladefinance CEO, Liyi Victor discusses how innovations have reshaped banking but also opened up vulnerabilities, emphasising that security must be foundational, not an add-on, to sustain trust and ensure longevity
A week after 19 suspects were rounded up in connection to the recent $2.1 million Equity Bank Kenya fraud incident, a yet-to-be-named employee of the bank has been implicated in the investigations.
Family businesses power Nigeria’s economy, contributing $200 billion to GDP, yet face capital access issues with only 4% of MSMEs securing loans. This article explores how fintechs can bridge the gap and drive growth
First Bank of Nigeria has appointed Olusegun Alebiosu, the former Executive Director and Chief Risk Officer, as acting Managing Director and CEO, succeeding Adesola Adeduntan eight months before his tenure expires.
Wema Bank has removed and suspended up to seven fintech partners as part of its anti-fraud campaign. This comes days after the bank announced it lost ₦685 million to fraud and forgery in 2023.
MTN MoMo has expanded to 10 new countries and 25 wallet corridors for a 4% launch fee. This comes after Mastercard committed to investing $200 million in MTN Group fintech in February 2024.