News
Nigeria: NDIC Initiates Auction of Heritage Bank Assets to Settle Uninsured Depositors’ Claims
The Nigeria Deposit Insurance Corporation (NDIC) has begun a nationwide auction of properties and assets belonging to the defunct Heritage Bank, in a ...
Africa
Nigerian Fintech Lendsqr Launches AI-Enhanced Loan Management Platform in Kenya
Lendsqr, a prominent Nigerian fintech specializing in advanced loan management solutions, has officially launched its platform in Kenya, marking a strategic move to ...
News
Global Payment Processing Solutions Market Poised for Growth, Projected to Hit $139.7 Billion by 2032
The global Payment Processing Solutions Market, currently valued at USD 52.1 billion, is forecasted to reach an impressive USD 139.7 billion by 2032, ...
News
Nigeria: Naira Weakens as CBN Foreign Payments Surge by 11%
The naira continued its downward trajectory in the foreign exchange market, depreciating by 0.7% week-on-week to N1,678.87 per US dollar at the Nigerian ...
News
Nigeria: OPay Unveils Large Transaction Shield to Strengthen Security Against Fraud
OPay, one of Nigeria’s prominent digital financial services platforms, has introduced an advanced security feature called the “Large Transaction Shield,” aimed at enhancing ...
Global
World Business Outlook Awards 2024 Celebrates Business Excellence in Thailand
The prestigious World Business Outlook Awards 2024 unfolded in a glittering event at the Bangkok Marriott Marquis Queen’s Park in Thailand on 2nd ...
Global
Global: OCBC Launches Instant Pay-to-Wallet Cross-Border Remittance Service
OCBC Bank has introduced a new peer-to-peer pay-to-wallet service, enabling instant cross-border transfers to digital wallets, starting with Weixin Pay and Alipay—the two ...
Global
Global: UBS Trials Blockchain-Powered Payment System for Enhanced Cross-Border Transactions
UBS has successfully piloted a blockchain-based payment system, achieving seamless transactions with multinational clients and banks. The pilot included both domestic transfers within ...
News
Nigeria: PalmPay Wins Financial Inclusion Award at BrandCom 2024
Fintech platform PalmPay has been awarded the “Most Outstanding Fintech Driving Financial Inclusion” at the BrandCom Awards 2024, an accolade presented by Brand ...
News
Nigeria: MTN Nigeria Strengthens Fintech Presence with Application for New Licenses for MoMo PSB
MTN Nigeria, a leading player in the telecommunications sector, is intensifying its commitment to fintech expansion through its mobile money subsidiary, MoMo Payment ...