Global
Global: HSBC Faces £57.4 Million Fine for “Serious Failings” in Depositor Protection
HSBC is grappling with a £57.4 million fine imposed by the Prudential Regulatory Authority (PRA) over a span of seven years, from 2015 ...
Cameroon
Cameroon: IMF Greenlights $183.4 Million Funding to Boost Cameroon’s Climate Resilience
The International Monetary Fund (IMF) has granted approval for an 18-month arrangement to provide Cameroon with financial assistance under the IMF Resilience and ...
News
Nigeria: Federal Government Embarks on Extensive Digital Transformation Initiatives
Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, has reaffirmed the Federal Government’s commitment to digitize its processes, aiming to ...
Global
Global: Payabl. Achieves Electronic Money Institution Licence to Transform Financial Services
In a significant development, payabl., a leading PayTech in Europe, has successfully obtained an Electronic Money Institution licence (EMI licence) from the Central ...
Global
Global: Mastercard Introduces Cutting-Edge Biometric Service to Eliminate Passwords
Mastercard is set to revolutionize online authentication by introducing a new biometric authentication service, aiming to render traditional passwords obsolete. Having been a ...
Global
Global: China Greenlights Over 40 AI Models for Public Use in the Last Six Months
In a concerted effort to narrow the AI development gap with the U.S., China has achieved a significant milestone by approving more than ...
Namibia
Advancements in Namibia Satellite Technology to Elevate Communication Services
In a significant stride towards enhancing communication services, Namibia is actively exploring the integration of satellite technology, as announced by the Minister of ...
News
Africa: Digital Payment Adoption Surges in Nigeria and Other African Nations, Reaching 46%
The penetration of digital payments in Nigeria and various African countries has experienced significant growth, soaring from 23% to 46% in less than ...
Global
Global: UK Delays Decision on Digital Pound Amid Privacy Concerns
British authorities have postponed a decision on whether to proceed with a state-backed digital pound, an alternative to bank and tech company-operated payments, ...
News
Nigeria: CBN Affirms Nigeria’s Economic Status in ‘Stabilisation Phase’
The Central Bank of Nigeria (CBN) has announced that Nigeria is currently in the “stabilisation phase” of its economic transformation journey, according to ...