Global
Global: U.S. Regulator Eases Restrictions on Banks Engaging in Crypto Activities
The Office of the Comptroller of the Currency (OCC) has clarified that national banks can engage in certain cryptocurrency-related activities without requiring prior ...
Fintech
Nigeria: Carbon Resumes Debit Card Issuance in Partnership with Verve
Nigerian digital bank Carbon has resumed issuing debit cards through a new partnership with Verve, the Interswitch-owned card scheme, following a nine-month pause ...
Global
Global: Revolut and Visa Challenge PSR’s Plan to Cap Cross-Border Payment Fees
Revolut and Visa have launched legal challenges against the Payment Systems Regulator (PSR) over its decision to impose a cap on interchange fees ...
Nigeria
Nigeria: FATF Commends Nigeria, Approves Fifth Progress Report on AML/CFT Compliance
The Financial Action Task Force (FATF) has endorsed Nigeria’s fifth progress report, marking a key milestone in the country’s efforts to strengthen its ...
Regulatory
Saudi Arabia’s SAMA Grants License to Tamara Finance for Consumer Lending and BNPL Services
The Saudi Central Bank (SAMA) has officially licensed Tamara Finance, expanding the country’s consumer finance and buy-now-pay-later (BNPL) sector. With this addition, the ...
Africa
PAPSS Expands in Eastern Africa as KCB Group and Bank of Kigali Lead Cross-Border Payment Integration
The Pan-African Payment and Settlement System (PAPSS), spearheaded by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and ...
News
Nigeria: CBN Rejects N1.2 Trillion in OMO, Treasury Bills Bids Amid Rate Cuts
Investor demand for Nigeria’s short-term fixed-income instruments remains strong as the Central Bank of Nigeria (CBN) continues to attract both local and foreign ...
Fintech
Airtel Africa and Mastercard Introduce Virtual Payment Card to Expand Global Transactions
Airtel Africa has joined forces with Mastercard to launch the “Airtel Money GlobalPay Card”, a virtual payment solution designed to enhance digital transactions ...
Nigeria
Nigeria: AfDB Approves $230M Trade Finance Facility for Access Bank to Ease FX Liquidity for Nigerian SMEs
The African Development Bank (AfDB) has announced a $230 million trade finance facility for Access Bank Plc to strengthen trade finance activities and ...
Global
British Banks Borrow $12.7 Billion from Bank of England Amid Liquidity Shift
British lenders have tapped into the Bank of England’s (BoE) Indexed Long-Term Repo (ILTR) facility at unprecedented levels since the pandemic, borrowing more ...