Editor's Pick
Fintech
Mastercard Expands Embedded Virtual Card Technology to Transform Commercial Payments
Mastercard is set to revolutionize commercial payments with the launch of a new program designed to integrate embedded virtual card ...
Latest Review
Toward a New Impact Narrative for Financial Inclusion
How do financial services impact the lives of poor people? Though the global development community has debated this question for ...
Nigeria, Kenya, South Africa attracted $3.9 billion VC deals in 6 years
613 VC deals valued at $3.9 billion occurred in Africa between 2014 and 2019. Fintechs, information technology firms, and other ...
More news
Fintech
Ghana: Ecobank Strengthens Digital Expansion Efforts in Ghana to Boost Digital Transformation
Ecobank Ghana PLC is intensifying its efforts to drive digital transformation in Ghana through strategic collaborations with the Ministry of Communication, Digital Technology, ...
Nigeria
Nigeria: NDIC to Commence Liquidation Dividend Payments for Heritage Bank’s Uninsured Depositors in April 2025
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to initiate the first phase of liquidation dividend payments for uninsured depositors of the ...
Fintech
Global: QorPay Integrates Visa Platform Connect to Enhance Payment Solutions
FinTech company QorPay has strengthened its payment ecosystem through a collaboration with Cybersource, integrating Visa Platform Connect (VPC) and other Visa value-added services ...
Fintech
GTCO Achieves Record-Breaking Financial Performance in 2024, Doubling Profit Before Tax
Guaranty Trust Holding Company Plc (GTCO) has reported an exceptional financial performance for the year ending December 31, 2024, achieving a record-breaking profit ...
Global
European Payment Alliance Advances Instant Cross-Border Transactions
The European Payment Alliance (EuroPA) has initiated a major shift towards instant cross-border payments by integrating mobile transfer schemes such as Italy’s Bancomat, ...
Fintech
eTranzact Achieves Strong Profit Growth Despite Revenue Decline in 2024
eTranzact International Plc has reported a 53.2% surge in pre-tax profit for the fiscal year ending December 31, 2024, reaching N4.8 billion, despite ...
Global
Global: xAI Acquires X for $45 Billion to Launch AI-Powered Content Platform
Elon Musk’s artificial intelligence company, xAI, has officially acquired his social media platform, X, in a multibillion-dollar deal aimed at creating a next-generation, ...
Africa
Mercurie Revolutionizes Digital Payments for African Businesses
SaaS startup Mercurie has launched an innovative next-generation payment platform designed to transform how African businesses manage and pay for global digital services—all ...
News
Nigeria: PenCom Launches Automated Pension Remittance System to Enhance Compliance
The National Pension Commission (PenCom) has introduced a digital pension remittance platform designed to automate the process of pension contribution remittances and address ...
News
Telkom South Africa Expands into the MVNO Market
Telkom South Africa is making a strategic move into the Mobile Virtual Network Operator (MVNO) space by partnering with a leading Mobile Virtual ...
Global
FDIC Introduces ‘New Approach’ for Banks Engaging in Crypto Activities
The Federal Deposit Insurance Corporation (FDIC) has announced a significant shift in its regulatory approach, allowing FDIC-supervised institutions to engage in cryptocurrency-related activities ...
Kenya
IMF Review: Kenya Confronts Intensified External Financial Risks – Fitch
Kenya’s financial landscape is facing mounting external risks following the cancellation of its ninth and final review under the current Extended Fund Facility ...
Global
Cleo AI Agrees to $17 Million Settlement in FTC ‘Fast Money’ Case
Online cash advance provider Cleo AI has reached a $17 million settlement with the Federal Trade Commission (FTC) following allegations that the company ...
Nigeria
Nigeria: House of Representatives Affirms Financial Reporting Council Act Remains in Effect
The House of Representatives has reaffirmed that the Financial Reporting Council (FRC) Act, 2023 remains legally binding and operational unless amended through the ...
Innovation
Nigeria: NDIC Advocates Early Financial Education to Empower Nigerian Youth
The Nigeria Deposit Insurance Corporation (NDIC) has emphasized the need for early financial literacy among Nigerian youth, aiming to equip them with essential ...
Fintech
Nigeria: PalmPay Introduces Verve Debit Cards Amid Nigerian Fintech Shift to Local Payment Solutions
PalmPay, one of Nigeria’s leading fintech platforms with over 35 million users, has launched its first debit card in partnership with Verve. This ...
Africa
Ripple and Chipper Cash Partner to Revolutionize Crypto-Powered Payments in Africa
Ripple, a global leader in digital asset infrastructure for financial institutions, has announced a strategic partnership with Chipper Cash to enhance cross-border payments ...
Africa
Zap Africa Threatens Legal Action Against Paystack Over “Zap” Brand Name Dispute
A legal standoff is unfolding between cryptocurrency exchange Zap Africa and fintech giant Paystack over the use of the name “Zap.” The dispute ...
Africa
West Africa’s Start-Up Funding Boom: Nigeria’s Dominance and the Region’s Shifting Landscape
Since 2019, West Africa has emerged as a powerhouse in Africa’s start-up ecosystem, attracting $5.8 billion in funding—36% of the continent’s total, making ...
Global
Global: Standard Chartered Rolls Out Generative AI Tool Globally
Standard Chartered has launched a Generative AI-powered tool, SC GPT, across 41 markets, enabling over 70,000 employees to enhance operational efficiency and client ...
Global
Global: CFPB to Revoke BNPL Rule Amid Legal Challenge
The Consumer Financial Protection Bureau (CFPB) is set to reverse its stance on Buy Now, Pay Later (BNPL) regulations, retracting an interpretive rule ...
Fintech
Global: Visa and Extend Partner to Expand Virtual Card Solutions for Middle-Market Businesses
Visa has entered into a referral agreement with virtual card and spend management platform Extend, aiming to enhance digital payment solutions for emerging ...
Nigeria
Nigeria’s Money Supply Declines to N110.3tn in February Amid CBN’s Liquidity Management
Nigeria’s money supply experienced its first decline of 2025, dropping to N110.32 trillion in February, down from N110.94 trillion in January, according to ...
Global
World Bank to Invest $15 Million to Enhance Nigeria’s Statistical Infrastructure
The World Bank has highlighted concerns over Nigeria’s statistical performance, emphasizing that the country is lagging behind its aspirational peers, including Mexico, Colombia, ...
Fintech
Kenya: Lipa Later Placed Under Administration Amid Financial Turmoil and Failed Fundraising
Kenyan buy-now-pay-later (BNPL) fintech Lipa Later has officially entered administration as of March 24, 2025, following prolonged financial struggles and unsuccessful fundraising efforts. ...
