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Emmanuel Okoegwale The Nigerian Federal government is making a major shift in its revenue collection framework with the introduction o...
MTN Nigeria has reported a 47 per cent decline in active wallet users for its mobile money subsidiary, MoMo PSB, bringing the total to 2.8 millio...
Moniepoint Inc. (“Moniepoint”), one of Nigeria’s leading business payments and banking services platform, has secured an investment from Visa, a...
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have issued a final directive to Deposit Money Banks (DMBs) an...
In a bid to reinforce its drive towards a cashless economy, the Central Bank of Nigeria (CBN) has introduced a new policy restricting Point of Sa...
PalmPay, a leading Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a str...
MTN Group is pushing forward with plans to separate its fintech units in Nigeria, Ghana, and Uganda as part of a restructuring strategy that will...
Dr. Ibrahim Steven, Governor of the Bank of Sierra Leone, updated citizens on the Instant Payment Service on the National Switch at the weekly go...
Affinity Africa announces it has raised US$8 million in an oversubscribed Seed Round led by Grazia Equity and BACKED VC to accelerate its mission...
The Retail Financial Distribution Research Initiative (ReFinD), a research initiative of the Institute of Statistical, Social and Economic Resear...
Ivorian fintech Cauridor has secured $3.5 million in seed funding to strengthen its cross-border payment infrastructure across Francophone Africa...
The number of registered mobile money accounts in Ghana has risen steadily from 65.6 million in December 2023 to 73 million by the end of 2024.Th...
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has extended its partnership with Dubai-bas...
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by B...
Access to Finance Rwanda (AFR) launched the Finscope Gender and Financial Inclusion Thematic Report on March 7, highlighting a significant increa...
Somalia has taken a major step toward financial modernization with the launch of the Somali Instant Payment System (SIPS), a revolutionary digita...
Telecom giant MTN Uganda has responded to growing public outcry after several mobile money users reported unexplained deductions labeled as "adju...
The Bank of South Sudan (BOSS) is proud to announce a groundbreaking initiative to launch the country’s first National Instant Payment System (NI...
Cairo, Egypt: in a strategic partnership that is set to accelerate the fintech growth in Egypt, MDP, a leading payment enabler, and Visa, a...
Apple Pay, Apple’s mobile payment and digital wallet service, has officially launched in Egypt, December 10, marking a major milestone in the nat...
The number of mobile wallet accounts in Egypt rose to 39.4 million in 2023, driven by consumer demand for easier financial transactions and vario...
The Export Development Bank of Egypt (EBank) has launched a new mobile banking app, according to an emailed press release.The launch is part of E...
A recent study by British website Merchant Machine has revealed that Morocco leads the world’s top 20 countries reliant on cash payments in 2022,...
Dopay, an Egypt-based financial technology company, has secured an additional $13.5 million in its Series A funding round. This extension will he...
The value of mobile money transactions in the country rose to P33.5 billion in the year to March 2024, up more than 26% year-on-year, as telecomm...
Mukuru, a financial services platform, which serves customers around the world with world-class fintech technology, has launched a new mobile wal...
New contract expands Network International’s growing portfolio of issuer processing collaborations in the African continentNetwork International...
EcoCash Holdings Zimbabwe Limited (EcoCash) is set to undergo a rebranding process following a major shareholder restructuring that saw local ent...
In a historic move set to transform Eswatini’s digital financial landscape, Instacash has officially been onboarded onto the Eswatini Payme...
Stitch, a leading provider of API-driven financial technology solutions, announced today its acquisition of ExiPay, a promising startup specializ...
Airtel Mobile Commerce BV, a subsidiary of Airtel Africa PLC, and MasterCard have partnered to launch the Airtel Money GlobalPay Card, a new paym...
In a bold move to enhance security and streamline payments, Mastercard has announced that it will remove card numbers, expiration dates, an...
The Consumer Financial Protection Bureau (CFPB) has taken action against Block, the operator of the popular Cash App payment platform, ordering t...
Expatriate remittances from Saudi Arabia rose to SR12.03 billion ($3.21 billion) in November, marking an 18.73 percent increase compared to the s...
Manama, Bahrain: stc pay, Bahrain’s most innovative and accessible mobile wallet for digital financial transactions, is leveraging Mastercard Mov...
The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10...
