Fintech
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UMWAMPI mobile wallet drives financial inclusion for Burundi’s military
Recent Articles
Zimbabwe’s EcoCash and South Africa’s MTN MoMo partner to simplify cross-border transactions
Staff WriterNearSwipe Ltd, 9 other startups win N29.5 million in FirstBank’s Fintech Summit 6.0
Staff WriterLike GTCo, First Bank rebrands to First Holdco
Staff WriterAmenli secures $2.3 million to drive insurtech innovation in Egypt
Ibukunoluwa Josephine BankoleOPay awards ₦12 million scholarship to ABU students
Modupeoluwa OlalereAccess Bank UK acquires AfrAsia Bank, expands footprint in Mauritius
Ibukunoluwa Josephine BankoleMoniepoint eyes commercial banking license to expand financial services in Nigeria
The latest Nigerian fintech unicorn, Moniepoint, is pursuing a commercial banking license from the Central Bank of Nigeria (CBN) to broaden its retail banking operations and strengthen its foothold in the financial services market. While the regulatory approval process could take up to a year, securing the license would mark a significant milestone for the […]
Ibukunoluwa Josephine BankoleNew fintech DigMo offers gamified wealth-building for Zambia’s underprivileged
DigMo is a new financial services provider offering low- and middle-class Zambians gamified wealth-building solutions. The fintech company, designed for underprivileged customers and has a licence from the Bank of Zambia to run a wallet, gives them access to exciting goods with attractive rewards. The company has appointed James Chona as Chairman, who will guide […]
Pelumi ApantakuBanxso Scandal: 260 South Africans claim over R160 million in losses due to false ads
Banxso (Pty) Ltd, a financial services platform in South Africa, is involved in a legal dispute with the Financial Sector Conduct Authority (FSCA), marking one of the most significant regulatory challenges in the country’s fintech sector in recent years. This rare public clash highlights ongoing issues related to client communication, compliance, and the broader regulatory […]
Pelumi ApantakuLeatherback looks to new leadership to navigate post-scandal recovery
Leatherback, a cross-border payments firm with operations in the UK and Nigeria, has appointed Toni Campbell as its new CEO, following the exit of co-founder Ibrahim Ibitade who headed the company for five years. The appointment, which marks a significant shift in leadership, comes after a tumultuous period for the firm, including investor interventions and […]
Pelumi ApantakuEcobank partners TransferTo to enhance digital payments in Africa following Nium partnership
Ecobank Transnational Incorporated has announced another strategic partnership with TransferTo company. This is coming days after the company collaborated with Nium to enhance cross-border transactions in Africa. Ecobank GCEO Jeremy Awori and TransferTo CEO Peter De Caluwe signed the Memorandum of Understanding (MoU) during the Singapore FinTech Festival held last week. While announcing this partnership […]
Staff WriterBank of Ghana suspends Taptap Send over regulatory infractions
The Bank of Ghana (BoG) has suspended the operations of the financial remittance service TapTap Send, citing violations of the country’s regulatory framework. The suspension, effective November 8, is the result of a breach of the Foreign Exchange Act, 2006, which governs payment services in Ghana. TapTap Send’s “cedi remittance wallet” ran afoul of the […]
Pelumi ApantakuEBank launches InfoSec Academy to empower youths, drive digitalisation in Egypt
As part of its strategic roadmap for 2022-2027, EBank has inaugurated the Information Security Academy (InfoSec) in collaboration with the Egyptian Banking Institute (EBI), the training arm of the Central Bank of Egypt. The academy is designed to nurture young talents, equipping them with the skills necessary to support the Bank’s technological advancement while also […]
Pelumi ApantakuVisa backs African fintech startups OkHi, Oze, Orda and Workpay with $1 billion
The growing push for financial inclusion in Africa has attracted another major investment. Visa, world’s second-largest card payment processor, on November 5 committed $1 billion to four fintech startups to promote innovation, service accessibility and the expansion of fintech services across the continent. The enormous investment demonstrates Visa’s confidence in Africa’s financial potential to generate […]
Staff WriterFirstBank’s 6th fintech summit: A platform for innovation and strategic partnerships
First Bank Nigeria Limited has announced its 6th edition of its fintech summit themed “Banking on Partnerships” scheduled for November 13 and 14 at the Lagos Continental Hotel. As part of the event, the financial institution will introduce the Fintech Innovators Pitch Programme to support early-stage fintech businesses and foster innovation in the financial services […]
Staff WriterMTN purchases more shares in MoMo PSP to strengthen financial inclusion
In an effort to improve its standing in the financial services industry, MTN, the largest telecom company in Nigeria, paid N6.95 billion to acquire the remaining 7.17 percent minority stake in MoMo Payment Service Bank. MTN acquires remaining stake in MoMo PSB to enhance digital banking in Nigeria MTN, the largest telecom company in Nigeria, […]
Staff WriterOPay introduces facial recognition for high-value transfers
Opay has launched a new security feature called “Large Transaction Shield” that requires facial recognition of the account holder in high-value transactions. The feature enhances user safety by combining transaction approval with biometric verification, to tame fraud that is often associated with digital financial transactions. With Large Transaction Shield, Opay users can set a limit […]
Staff WriterPiggyVest named Best Mobile App at Digital Jurist Awards 2024
PiggyVest, a prominent Nigerian fintech platform, received two prestigious awards at the Digital Jurist Awards 2024 held on October 31 at Eko Hotel and Suites in Lagos. The company was named the Best Mobile App and fintech with the Best Social Media presence, recognising its efforts to enhance users’ digital financial experiences and engage them […]
Ibukunoluwa Josephine BankoleOrange and Mastercard partner to expand digital payments in Africa by 2025
Orange Middle East and Africa has announced a strategic partnership with global payments leader Mastercard to increase access to mobile financial services throughout Sub-Saharan Africa. By 2025, the collaboration aims to enable millions of Orange Money wallet users to conduct digital payments via Mastercard’s extensive network of global merchants. This initiative will initially launch in […]
Ibukunoluwa Josephine Bankole