Condia Insider: 248 crypto licenses approved in South Africa

In this letter, we explore:

• PalmPay and Jumia’s strategic alliance
• Access bank acquires Bidvest in $159 million deal
• South Africa’s regulator approves 248 crypto licenses

We also curated updates on startup funding in Africa, weekend reads, and several opportunities.

PalmPay and Jumia’s strategic alliance

In 2023, online transfers accounted for 45% of retail payments in Nigeria. PalmPay, a fast-growing African fintech with 30 million users, is capitalising on this trend by partnering with e-commerce giant Jumia to capture a larger share of the market.  

Last updated: December 13, 2024