Through strategic alliances with Pick n Pay and Access Bank, the South African fintech business Mama Money introduces a cutting-edge banking service. The partnership unveils a bank card that uses WhatsApp to revolutionise the nation’s access to financial services. Mama Money Financial Services is a fintech company that specialises in cost-effective money transfers. Read also: […]

The Fourth Edition of the Zenith Tech Fair, themed “Future Forward 4.0: Embedded Finance, Cybersecurity & Growth Imperatives – The Impact of AI,” concluded on Thursday, November 21, 2024, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, with a total of N77.5 million in prize money awarded for a highly competitive […]

The launch of UMWAMPI, a cutting-edge mobile wallet application developed by xpWallet in collaboration with CECADM Bank, is shaping Burundi’s journey toward digital financial inclusion. Designed to serve Burundi’s military personnel and the general population, UMWAMPI promises to transform how people manage their finances, offering seamless and secure access to digital financial services nationwide. Launched […]

EcoCash, a Zimbabwe-based mobile payment platform and MTN MoMo have partnered to provide seamless direct money transfers between Zimbabwe and South Africa. The collaboration offers a dependable, effective, and reasonably priced method of transferring funds straight into EcoCash electronic wallets by combining the power of MTN and its well-known MoMo app with the wide reach […]

At its Fintech Summit 6.0, with the theme “Banking on Partnerships”, FirstBank Group, one of Nigeria’s top commercial banks, reaffirmed its commitment to promoting fintech innovation by giving N29.5 million to 10 outstanding entrepreneurs. The ultimate winner, NearSwipe Limited, a fintech business that provides university students with NFC smart ID cards with integrated payment solutions, […]

First Bank of Nigeria (FBN) Holdings Plc has rebranded to First Holdco Plc, following approval from the company’s shareholders, as was disclosed in a statement by the company secretary, Adewale Arogundade. The bank’s shareholders agreed that the institution’s name be changed to First Holdco to accommodate the company’s diverse offerings at the annual general meeting […]

Egyptian insurtech broker Amenli has raised $2.3 million in a funding round led by the European Bank for Reconstruction and Development’s (EBRD) Venture Capital arm, with support from Y Combinator (YC). This new funding marks a significant step in Amenli’s mission to redefine Egypt’s insurance market, one of the least penetrated globally, with adoption rates […]

OPay, a renowned financial service provider in Nigeria, presented ₦12 million in scholarships to 40 honourable students at Ahmadu Bello University (ABU), Zaria in Kaduna state.  Opay empowers ABU Zaria students Opay announced on Wednesday that each student will receive N300,000, relieving financial burden and encouraging academic success. Read also: Moniepoint eyes commercial banking license […]

Access Bank UK, a subsidiary of Access Holdings, has announced its acquisition of majority equity stake in AfrAsia Bank, Mauritius’ fourth-largest bank by total assets. This move, announced on the company’s website on Thursday, November 14,  is part of Access Bank’s strategy to enhance its African presence by leveraging acquisitions to drive growth and expand […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]