Digital bank for Africans in the diaspora, Moneymie, has shut down retail service operations. Without stating the reason for this, but a highlight of its transition to cross-border payments and payouts for …
Grey, a Nigerian fintech that provides virtual international bank accounts to Africans, has raised $2 million in seed funding. The seed funding round included participation from Y Combinator, Soma Capital, …
The Federal Competition and Consumer Protection Commission (FCCPC), has barred all financial technology companies (Fintechs) to stop providing payment or transaction services to digital money lenders under its investigation. Some of …
In today’s world, consumer needs as well as mode of delivery has evolved affecting and influencing both economic and financial sectors in the society. Statistics have shown that since the …
Chams Plc, a fintech and digital payments solutions group, says it has transitioned to a holding company on the Nigerian Exchange (NGX) to increase shareholders’ value. The company said the …
The Saudi Public Investment Fund (PIF) has purchased 25% of Egypy’s e-finance for Digital and Financial Investments’ (EFIH) shares, according to a press release on Wednesday. Accordingly, the PIF now is the largest single …
The Bank of Ghana (BoG) is conducting a review on the activities of Flutterwave in the country. This is coming after the Central Bank of Kenya ordered banks and microfinance …
eTranzact International Plc posted a profit before tax (PBT) of N536.4 million for the 2021 financial year. The figure is 128.66 per cent improvement from the N1.87 billion loss recorded …
MoMo, MTN’s Payment Service Bank, has recorded 4.2 million wallets with 2.4 million being actively used in less than two months of its launch. The company disclosed this in its financial result …
The Central Bank of Kenya (CBK) has directed banks and microfinance institutions to seize dealing with payments technology firms Flutterwave and Chipper Cash. In a letter to chief executives, the …