President Tinubu signs order to coordinate virtual assets regulation

President Tinubu has signed an executive order creating a coordinated framework for virtual assets, with the CBN chairing a new council overseeing regulation.

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.

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).

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.

Why Tether, Circle and Ripple are betting on African fintechs

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

Morocco’s biggest bank launches instant homeward transfers

Attijari Transfer facilitates instant transfers to Moroccan bank accounts.

Y Combinator-backed LemFi acquires Wealth8 to expand into investing

LemFi has acquired UK-based investment platform Wealth8, marking its third acquisition in just over a year.

CBN revokes licences of NowNow, Sycamore, Creditville, OurPass and Casha Microfinance Banks

The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks, including fintech-linked NowNow, Sycamore, Creditville, OurPass and Casha.

The Contributor Mindset: Inside the Journey of Femi Alayesanmi, Head of Engineering at Mono

Femi Alayesanmi's storied journey, from growing up without a computer to leading Mono’s Engineering and the future of African tech.