Global
Indian Financial Crime Watchdog Investigates Paytm Subsidiaries Over Alleged Violations
India’s financial crime enforcement agency has issued a show-cause notice to Paytm regarding alleged violations of the Foreign Exchange Management Act (FEMA) linked ...
Africa
Ghana and Rwanda Strengthen Fintech Collaboration with Licence Passporting and Cross-Border Payments
The Bank of Ghana and the National Bank of Rwanda have formalized a strategic partnership aimed at advancing fintech integration through licence passporting ...
Fintech
Ghana Set to Launch e-Cedi in 2025, Aiming for Financial Inclusion and Digital Payment Efficiency
After years of development and delays, Ghana is finally preparing to roll out its central bank digital currency (CBDC), the e-Cedi, in 2025. ...
Nigeria
Nigeria: CBN Strengthens Regulatory Oversight to Enhance Financial Stability
The Central Bank of Nigeria (CBN) has reinforced its regulatory and compliance framework to bolster the resilience, transparency, and stability of the nation’s ...
Nigeria
Nigeria: CBN Set to Offer N650bn Nigerian Treasury Bills for Subscription
The Central Bank of Nigeria (CBN) is set to conduct a primary market auction (PMA), offering N650 billion worth of Nigerian Treasury Bills ...
Fintech
Uganda: MTN Group Fintech and Paysky Launch Market by MoMo to Transform Uganda’s E-Commerce Landscape
MTN Group Fintech, in collaboration with Paysky, has introduced Market by MoMo, a revolutionary e-commerce platform designed to enhance digital trade for Ugandan ...
Nigeria
Nigeria: Naira Strengthens Slightly as CBN Pauses FX Interventions
The Nigerian naira recorded a modest gain against the US dollar in local currency markets, following a temporary halt in foreign exchange (FX) ...
Nigeria
Nigerian Diaspora Remittances Exceed $90 Billion in Five Years, Driving Economic Growth
Over the past five years, Nigerians in the diaspora have remitted more than $90 billion, playing a vital role in economic development and ...
Global
UK Banks Face Payment Disruptions on Payday, Customers Report Widespread Issues
Several major UK banks, including TSB, Bank of Scotland, Nationwide Building Society, Halifax, Lloyds, and First Direct, experienced technical difficulties this morning, leaving ...
Fintech
Global: SEC Confirms Meme Coins Are Not Securities, Clarifies Regulatory Stance
The U.S. Securities and Exchange Commission (SEC) has officially clarified that meme coins do not qualify as securities under federal law. In a ...