Fintech
Nigeria Accelerates Shift to Digital Payments as Cash Transactions Decline by 32% by 2030 – WorldPay Report
Nigeria is experiencing a rapid transition toward digital payments, with cash transactions expected to decrease by 32% by 2030, according to WorldPay’s Global ...
Fintech
Yango Ventures Unveils $20M Fund to Drive African Startup Growth
Yango Group, a global tech company, has launched Yango Ventures, a corporate venture fund aimed at empowering early-stage startups across sub-Saharan Africa, Latin ...
Fintech
Baobab Nigeria Acquisition Yields 3x Return for Alitheia and Goodwell Investments
Baobab, a global financial services group managing over $900 million in its loan portfolio, has fully acquired its Nigerian subsidiary, Baobab Nigeria. This ...
Fintech
MoonPay Secures $200 Million Revolving Credit Line from Galaxy to Strengthen Crypto Infrastructure
MoonPay has secured a $200 million revolving credit line from Galaxy, a leading digital asset financial services and investment management firm. This substantial ...
Fintech
Nigeria: First Bank Disburses ₦700 Billion to SMEs in 2024, Plans Multi-Trillion Naira Investment by 2025
First Bank of Nigeria Limited has reaffirmed its commitment to small businesses, announcing plans to invest trillions of Naira in the sector by ...
Fintech
Visa Inc. to Launch Data Centre in Nigeria, Strengthening Digital Economy
Visa Inc. has announced plans to establish a data centre in Nigeria as part of its expanding investment in the country. The announcement ...
Fintech
Global: Worldpay and Visa Launch Single-Click Checkout to Enhance UK E-Commerce Payments
Worldpay and Visa have introduced a new Click to Pay with Visa feature in the UK, designed to simplify online transactions by enabling ...
Fintech
Kenya: Airtel Money Expands Market Share as M-PESA Sees Fifth Consecutive Decline
Kenya’s mobile money landscape is undergoing a significant shift as M-PESA experiences its fifth consecutive quarterly decline in market share. Increased competition from ...
Fintech
Nigeria: Quidax Expands cNGN Stablecoin Adoption Amid Nigeria’s Evolving Crypto Regulations
Nigerian cryptocurrency exchange Quidax has integrated support for cNGN, the country’s first regulated stablecoin pegged to the naira. This development, following Busha’s earlier ...
Fintech
Global: ABK-Egypt and Visa Partner to Advance Digital Payment Solutions
Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) has entered into a long-term strategic partnership with Visa to enhance digital payment solutions and offer customers ...