Nigeria mandates POS geotagging, placing a 60-day test on fintechs

While the move may disrupt informal operators, it’s expected to strengthen trust in digital payments and improve traceability across Nigeria’s financial system.

PalmPay confirms fundraising talks as expansion plans target Africa and Asia

PalmPay is in advanced talks to raise between $50M–$100M in a Series B round. This move aligns with its bold expansion plans across Africa and into Asia.

UBA eyes small business market with massive pos terminal launch

UBA has launched 46,000 smart PoS terminals in Nigeria under its new RedPay brand, in a strategic move to reclaim market share from dominant fintechs like Moniepoint, OPay, and PalmPay.

PalmPay eyes remittances as it mulls Asia Expansion

This move aligns with a growing trend among African fintechs to tap into the global remittance market, particularly in Asia

Palmpay partners Jumia to boost e-commerce payments in Nigeria

This partnership has the potential to boost transaction volumes for PalmPay, a strong competitor to JumiaPay, Jumia's fintech arm