Moniepoint taps former Branch Kenya CEO to head its Kenya operations

Moniepoint has appointed former Branch Kenya CEO Rose Muturi to lead its Kenyan business following its acquisition of Sumac Microfinance Bank.

South Africa’s Cue raises $5 million to expand its  AI service agents

Cape Town founded Cue has secured it's largest funding yet. It was co-led by Knife Capital and FAM investments.

Rwanda designates eKash as national instant payment system

Rwanda has launched eKash as its national instant payment system, capping transaction fees at RWF 20 ($0.01).

Zeepay’s dedicated e-money licence revoked over unbacked balances

The Bank of Ghana has revoked Zeepay Ghana Limited’s Dedicated Electronic Money Issuer license effective immediately on July 14, 2026.  

Morocco’s central bank cuts electronic payment fees

Morocco will cap domestic card payment interchange fees at 0.50% from October 2026 as the central bank pushes to lower costs and expand digital payments.

Global payments startup Adyen acquires Orb to provide billing software for enterprises

Adyen, a global payments company, has announced plans to buy Orb, a company that provides billing software for large businesses.

Payaza expands to Australia and New Zealand to tap cross-border trade corridors

Nigerian fintech Payaza has launched in Australia and New Zealand after securing key regulatory approvals.

PayPal’s Xoom partners with Flutterwave to speed up money transfers to Nigeria

Xoom, a money transfer service owned by PayPal, has partnered with Flutterwave to enable users to send money directly to Nigerian bank accounts.

Why Gigbanc lost Africa’s cross-border payments race

Despite raising over $1 million and onboarding over 150,000 customers, the fintech is shutting down due to high infrastructure and compliance costs.

Shiprazor, Oze, Regxta and 12 others  get funding from Renew Capital

African early-stage investment firm Renew Capital has selected 15 companies for investment through its inaugural venture lab, EmFi Series.

Vercel acquires Ethiopian-founded Better Auth 

Vercel has acquired Ethiopian-founded Better Auth for an undisclosed amount, bringing founder Bereket Engida and his team onboard to accelerate secure identity infrastructure for AI agents.

Why Tether, Circle and Ripple are betting on African fintechs

Global stablecoin issuers are betting on the continent's biggest fintechs to drive distribution.