Fintech

Is MTN Nigeria’s ₦95.5bn fintech sale really a win?

MTN Nigeria’s headline 2.1x MoMo sale premium relies on a heavily written-down paper value. Against the actual ₦137.95bn invested, the ₦95.5bn valuation is a 31% loss.

Fintech

OPay withdraws planned $304M US IPO after foreign inquiry

OPay Limited has withdrawn its planned New York Stock Exchange listing, citing an inquiry in a foreign jurisdiction it has not named. Reuters reported that the company had priced 16 million shares at $19 each, valuing it at about $4 billion.

Consumer Tech

How to set up Google Pay and Google Wallet in Nigeria and which banks support it

Google Pay and Google Wallet are now in Nigeria. Here’s how to set them up and which banks support them.

Fintech

BREAKING: Moniepoint to cut engineering, product roles in major restructuring

The changes come as the fintech expands beyond its established Nigerian operations and grows its presence in Kenya.

Fintech

The Moniepoint alumni building their own startups

Moniepoint is beginning to produce its own crop of founders. This list profiles 16 of these former employees and the businesses they have gone on to build.

Fintech

MNT-Halan shares jump 18% on Egyptian stock market debut after $150m IPO

MNT-Halan shares rose 18% on their Egyptian Exchange debut after a $150 million IPO drew heavy demand, valuing its listed Egyptian business at about $745 million.

Fintech

PalmPay UK posts £21.3m loss after writing off £3.65m loan

PalmPay (UK) Limited recorded a £21.34m loss before tax in 2025, as investment impairments alongside a £3.65 million loan write-off weighed on its financial results.

Fintech

Moniepoint’s UK accounts reveal a profitable tech business and a loss-making payments operation

Moniepoint Technologies UK Ltd earned £2.06 million in 2025 after a substantial loss the previous year. A separate UK entity reported a loss and received further capital support, offering a glimpse into the different businesses behind the fintech’s international operations.

Fintech

How FNB digital banking is changing the way South Africans bank

FNB is bringing more services together to change how South Africans bank, from WhatsApp eWallet and eBucks to My Advisor and FNB Connect.

Fintech

Who is Trademarks Global Concepts, the new majority owner of eTranzact?

Trademarks Global Concepts has taken control of eTranzact after acquiring a 56.18% stake from Access Bank and other shareholders.

Fintech

CashAfrica partners with Chicken Republic to drive tap-to-pay adoption in Nigeria

CashAfrica is taking tap-to-pay to Chicken Republic’s 350 outlets. Its CEO says contactless could go mainstream in Nigeria in eight months.

Fintech

Wise secures remittance licence in South Africa, continuing African expansion

SARB has formally appointed Wise as a Category Two Authorised Dealer in foreign exchange with limited authority.