News
Nigeria: CBN Governor Explains Interest Rate Hike Amid Inflationary Pressures
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), clarified the recent increase in interest rates, citing it as a response ...
News
Nigeria: FX Debt Cleared in Most Banks, Only Five Still Outstanding -CBN Governor:
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), announced that the backlog of foreign exchange (FX) debt in most Nigerian ...
Africa
Africa: KCB Bank and Mastercard Ink Five-Year Partnership to Streamline Digital Payments Across East Africa
Mastercard Incorporated (MA) has recently entered into a strategic collaboration with KCB Bank, a prominent financial institution in Kenya, to provide a comprehensive ...
Global
Global: G20 Streamlines Cross-Border Payments Roadmap with Updated Priorities
In 2020, the G20 leaders endorsed a roadmap aimed at enhancing cross-border payment experiences and infrastructure. As we approach the halfway mark of ...
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, ...
