News
Nigeria: CBN Alerts Public on Circulation of Counterfeit Notes Amid Lingering Naira Scarcity
The Central Bank of Nigeria (CBN) issued a statement on Friday, drawing attention to the presence of counterfeit banknotes in circulation, particularly in ...
Africa
Africa: Flutterwave Secures 13 New Money Transmission Licenses, Expanding Services Across 29 U.S. States with Send App Remittance Solution
Flutterwave, the leading payments technology company in Africa, has successfully obtained money transfer licenses for 13 U.S. states, enhancing the speed, affordability, and ...
Ghana
Ghana: M-KOPA Successfully Launches Flexible Digital Financing Model in Ghana Following Pilot Program
M-KOPA, a leading African fintech platform, has officially launched its flexible digital financing model in Ghana after a successful pilot phase. This strategic ...
Botswana
Botswana Adjusts Interest Rate Downwards, Citing Stable Inflation Outlook
Botswana’s central bank has decided to reduce its primary interest rate by 25 basis points to 2.40%, emphasizing its confidence in maintaining a ...
Kenya
Kenyan Startup tappi Raises $1.5 Million Pre-Seed Funding, Expands Digital Commerce Solution for SMEs
In a remarkable development, Kenyan startup tappi has secured $1.5 million in pre-seed funding, just six months after receiving $180K from SOSV’s Orbit ...
Ghana
Ghana: StacAi Receives Regulatory Green Light for Groundbreaking Financial Trust Infrastructure
StacAi proudly announces a significant milestone with the successful acquisition of regulatory approval from the Bank of Ghana, paving the way for the ...
Angola
Angola: National Bank Facilitates Over 1 Billion Kwanzas in Credit for Economic Projects
The National Bank of Angola (BNA) has successfully extended credit exceeding one billion kwanzas through projects facilitated by commercial banks. During the opening ...
Nigeria
Nigeria: Banks Instructed to Remove Non-Deposit Financial Institutions from Transfer Platforms
Banks have received directives to discontinue the inclusion of Switches, Payment Solution Service Providers (PSSPs), and Super Agents from the Nigeria Inter-Bank Settlement ...
Nigeria
Nigeria: CBN Governor, Olayemi Cardoso, Approves Revised Service Charter for Enhanced Business Facilitation
Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has given his approval for the revised Service Charter of the ...
News
Nigeria: Bitmama Strengthens Blockchain-Powered Cross-Border Payments with Payday Acquisition
Bitmama Inc., a prominent blockchain payments platform in Nigeria, has made a significant move in the country’s fintech sector by acquiring Payday, a ...