Ghana
Ghana: BoG revises balance, transaction limits of mobile money wallets upwards, starting March 1
The Bank of Ghana (BoG) has revised the balance and transaction limits of customers’ mobile money wallets upward, effective March 1, 2024. A ...
Africa
Africa: Mastercard and MTN Group Fintech Collaborate to Boost Mobile Money Ecosystem Across 13 African Markets
Mastercard and MTN Group Fintech have solidified a multi-market agreement aimed at fostering a new era of collaboration to facilitate secure mobile payments, ...
Ghana
Ghana Tops Africa in Financial Inclusion Access, Cites Vice President Bawumia
Vice President Dr. Mahamudu Bawumia announced that Ghana has secured the top spot in Africa for access to financial inclusion, attributing the success ...
News
Nigeria: CBN Greenlights $20,000 Allocation to BDCs to Address Market Distortions
In a proactive move to address distortions in the retail segment of Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has ...
Kenya
Kenya Leads Global Interest in Worldcoin Despite Ban
In recent days, there has been a surge of global interest in Worldcoin, a cryptocurrency token linked to Sam Altman’s innovative digital ID ...
News
Nigeria: Smartcomply Unveils AI-Powered On-Premise Enterprise Version to Revolutionize Compliance for Banks
Smartcomply, a leading provider of compliance management solutions, is thrilled to announce the launch of its new On-Premise Enterprise Version. This state-of-the-art solution, ...
News
Nigeria: Coinbase Refutes Claims of Nigerian Crypto Ban
Cryptocurrency platform Coinbase has rejected reports suggesting that it is facing restrictions in Nigeria. A recent article by the Financial Times (FT) alleged ...
Global
Global: UAE Successfully Removed from FATF Grey List: Key Changes and Implications
On February 23, 2024, the United Arab Emirates (UAE) celebrated its removal from the Financial Action Task Force’s (FATF) Grey List, a compilation ...
Global
Global: RBI Facilitates New Banking Partnerships for Paytm Amidst Business Restrictions
In response to the business restrictions imposed on Paytm Payments Bank, the Reserve Bank of India (RBI) has urged the National Payments Corporation ...
News
Nigeria: CBN’s Nullification of $2.4 Billion Forward Contracts Deals a Blow to Manufacturing Sector
In a startling move that reverberated through Nigeria’s already fragile economy, the Central Bank of Nigeria (CBN) recently declared the invalidation of approximately ...