Peach Payments acquires PayDunya in Francophone Africa push

Peach Payments expands into Francophone West Africa with the acquisition of PayDunya bringing the SA fintech's market coverage to 12 in Africa

EXCLUSIVE: Earnipay cuts workforce amid profitability push

Earnipay lays off staff as it focuses on business lending, joining a wave of African startups rethinking growth amid a harsh funding climate.

Stanbic IBTC’s fintech subsidiary Zest widens losses to ₦2 billion in 2024

Profitability may be an uphill task for Zest, but total income is not. The fintech doubled its total income to ₦124 million from ₦68 million in 2023, showing great traction and promise

dLocal Integrates Airtel Mobile Money for Google Play Payments in Kenya

dLocal has partnered with Airtel Kenya to enable Airtel Mobile Money payments on Google Play, expanding digital accessibility in Kenya. This move strengthens dLocal’s presence in emerging markets and enhances financial inclusion.

EXCLUSIVE: Moniepoint tests remittance product

This new offering is currently in an invite-only beta stage and precedes a planned public launch

Paystack dabbles into consumer payments with fast transfers app, Zap

Zap is not trying to be a neobank. It is focused on one thing—bank transfers, fast, Shola Akinlade, Paystack Co-founder and CEO said

$45B fintech giant Revolut sets sights on South Africa

Since 2016, South Africa has granted only three digital banking licenses, raising questions about the challenges Revolut may encounter despite its global footprint.

EXCLUSIVE: MTN’s MoMo PSB courts old users via voice calls

This low-cost customer acquisition strategy follows a restructuring of MoMo’s sales incentives, aimed at optimising monetization and reducing acquisition expenses

Nigeria ends 13-year Remita partnership, launches new treasury system

While the company has demonstrated resilience in the past, including surviving a Senate probe in 2016, the loss of this major government contract will undoubtedly impact its revenue streams

VFD Group invests ₦5 billion in fintech arm, V Bank 

This move aligns with the broader trend of parent companies investing heavily in their fintech subsidiaries to capitalise on the financial services market in Nigeria

Wave appoints former APO comms director Yasmina Bileoma as Regional Director of Public Relations

The appointment comes as Wave seeks to strengthen brand awareness in the company’s growing markets

Cedar Money secures $9.9 million to power cross-border payments with stablecoins

Cedar Money's approach leverages stablecoins to move funds while navigating the intricate compliance landscapes of various countries.