Fintech
Global: Australian Banks Push for Swift Regulation of Mobile Wallets
Australia’s banking sector is calling on Parliament to expedite legislation that modernizes the country’s payment regulations, ensuring they remain relevant as digital transactions ...
Africa
Africa: XTransfer and Ecobank Group Forge Partnership to Strengthen Cross-Border Trade for African SMEs
XTransfer, China’s leading B2B cross-border trade payment platform, has partnered strategically with Ecobank Group, a premier pan-African financial services provider, to enhance cross-border ...
Fintech
Africa: Flutterwave Processes $31 Billion in Transactions in 2024
The year 2024 marked a milestone for African fintech leader Flutterwave, with its year-end report revealing an impressive $31 billion in processed transactions. ...
Egypt
Egyptian Fintech Khazna Secures $16M Pre-Series B Funding to Drive Expansion into Saudi Arabia and Pursue Digital Banking License
Egyptian fintech firm Khazna has raised $16 million in pre-Series B funding, boosting its total investment to over $63 million. The new capital ...
Fintech
Global: United Fintech Expands Portfolio with Acquisition of Commercial Banking Applications
United Fintech, renowned for its strategic consolidation of capital markets, wealth management, and wholesale banking technology vendors, has bolstered its portfolio with its ...
Fintech
Nigeria’s Mobile Money Transactions Hit N71.5 Trillion in 2024 Despite Regulatory Challenges
Nigeria’s mobile money sector continues to expand at an unprecedented rate, with transactions reaching N71.5 trillion in 2024, according to recent data from ...
Fintech
TransferGo Expands into B2B with Multi-Currency Business Account Launch
TransferGo, a leading remittance network, has introduced a new multi-currency business account designed to streamline global transactions for companies operating in the UK ...
Fintech
Africa: Interswitch Ignites Startup Growth with Ecosystem Innovation Mixer
Interswitch Group recently hosted the inaugural edition of its Startup Innovation Mixer at the Interswitch Innovation Hub, located within the company’s Lagos headquarters. ...
Fintech
Global: Wise Penalized Over $2 Million by CFPB for Misleading Fee Disclosures
Global money transfer platform Wise has been ordered to pay $2.025 million in penalties by the Consumer Financial Protection Bureau (CFPB) for misleading ...
Fintech
Global: Cedar Money Secures $9.9M to Enhance Stablecoin-Powered Cross-Border Payments
Cedar Money, a cross-border stablecoin payments platform, has raised $9.9 million in a seed funding round led by QED Investors. The round also ...