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Circle applies for a US banking license to establish First National Digital Currency Bank, N.A. Discover what this means for Africa.
This latest accolade arrives on the heels of other prominent international recognitions for Moniepoint.
The open banking framework in Nigeria is set to go live in August following the Central Bank of Nigeria’s approval.
Chowdeck acquires Mira to expand beyond delivery, offering POS and payment tools that empower Africa’s food and hospitality businesses to scale.
At the end of 2024, Pesa completed the acquisition of Authoripay Emoney Ltd, a UK FCA-licensed e-money issuer (EMI). Here is what it means.
Even though fintechs have made impressive strides in Nigeria’s financial ecosystem, there are serious challenges with how they currently access bank data.
"We had a seed round early in the first quarter, and we were not able to close because of the issues with Paystack," said Tobiloba Asu-Johnson, CEO & co-founder of Zap Africa
MaxAB-Wasoko has acquired Egypt’s Fatura in a major step toward unifying Africa’s fragmented retail supply chain. The deal brings scale, credit access, and growth to informal merchants.
“People want to preserve their money and wealth from losing value due to inflation and the devaluation of the naira and other local currencies,” says Victor Alade, co-founder and CEO of Raenest
Stripe launches stablecoin support in 100+ countries, but skips Nigeria, South Africa, Kenya, and Egypt due to unclear crypto regulations.
Airtel Money has been a significant growth driver for Airtel Africa. The service operates in 14 countries across the continent, including key markets like Zambia, Uganda, Tanzania, Malawi, Gabon, and the Democratic Republic of Congo.
This reduction marks a significant departure from the previous era under former CBN Governor Godwin Emefiele.
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