Starting Sept. 30, First Bank will suspend int’l transactions on its Naira Mastercard

First Bank of Nigeria will suspend international transactions on its Naira Mastercard from September 30, 2022, according to TheCable.

Open Access Data Centres continues its edge data centre expansion in South Africa

Open Access Data Centres (OADC) has announced the deployment of a further three OADC EDGE data centres (DCs) in South Africa.

Tanzania scraps mobile money transfer fees

Three months after slashing its mobile money (MOMO) transaction levy by 43%, Tanzania has scrapped the MOMO transfer levy starting October 1, 2022.

Remedial Health secures $4.4M seed to provide credit for neighbourhood pharmacies in Nigeria

Remedial Health has raised $4.4 million in seed funding to accelerate its expansion across Nigeria and to provide access to credit for neighbourhood pharmacies.

Yellow Card lands $40M Series B to drive crypto adoption in Africa

Pan-African Crypto Exchange Yellow Card has secured $40M in a Series B round led by Polychain Capital.

Only 10 digital credit providers are licensed in Kenya — CBK

The Central Bank of Kenya has licensed only 10 digital credit providers in the country.

BD Insider, Letter 129: Uber was hacked!

What does the Uber hack mean for you?

Stax receives $500,000 from SDF Fund to enable borderless payment in Africa

The Stellar Development Foundation (SDF) has invested $500,000 in Stax, a universal money app developed by Hover Developer Services, Inc via its Matching Fund.

mPharma acquires majority stake in Nigeria’s HealthPlus

mPharma has acquired the majority stake in HealthPlus, the leading pharmacy chain in Nigeria. mPharma announced today (September 15, 2022) that it signed an agreement with HealthPlus' former investor, Alta Semper to enable the acquisition.

Kenyan Turaco secures $10M funding to keep driving massive insurance adoption

Turaco's $10 million fundraise put the startup in a strong position to continue to power innovation in Africa's inclusive insurance

LatAm fintech unicorn Ebanx expands into Africa’s payment market

EBANX, a global payments fintech company founded in Latin America is expanding its operations and payments solutions outside Latin America for the first time.

Interswitch kicks off 20th anniversary, launches #NeverStop brand campaign

Interswitch is a leading player with critical mass across Africa’s developing financial ecosystem and is active across the payments value chain.