Fintech
Finance Fintech

Kopo Kopo Unveils New Leadership Team to Accelerate Innovation and Growth

Kopo Kopo, a leading player in the mobile money and fintech space, has announced a new leadership team as it prepares for its next phase of growth. The strategic appointments reflect the company’s commitment to innovation and its mission to deliver cutting-edge financial solutions to businesses in Kenya and beyond. Dennis Ondeng, who has been […]

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TOP 7 WOMEN CHANGING THE FACE OF FINTECH IN AFRICA 
Business News Fintech

TOP 7 WOMEN CHANGING THE FACE OF FINTECH IN AFRICA 

Fintech in Africa is a rapidly growing sector, transforming the continent’s economic landscape by offering solutions that bridge gaps in traditional banking systems. With its unique ability to provide accessible financial services, fintech has fueled innovation in how Africans transact, save, and invest. It is not just reshaping banking, but also bringing financial inclusion to […]

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PalmPay Introduces USSD Service to Expand Financial Inclusion
Fintech News

PalmPay Introduces USSD Service to Expand Financial Inclusion

News Highlights PalmPay, a leading financial technology platform with over 30 million registered users, has launched its USSD code service to enhance financial access across Nigeria. The USSD feature allows users without smartphones or internet connectivity to perform banking transactions by simply dialing 861 from their mobile phones. This move is aimed at further expanding […]

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DigiTax Expands to Zambia, Appoints Gilbert Lungu as Country Manager
Fintech Market

DigiTax Expands to Zambia, Appoints Gilbert Lungu as Country Manager

DigiTax, a leading eTims tax compliance solution provider based in Kenya and owned by Namiri Technology, has officially launched its operations in Zambia. This expansion follows the Zambian government’s recent adoption of electronic invoicing regulations, which aim to streamline tax compliance and enhance revenue collection. To spearhead its operations in Zambia, DigiTax has appointed Gilbert […]

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CBN Issues 30-Day Deadline for Payment Service Providers to Comply with New PoS Transaction Rules
Fintech Policy

CBN Issues 30-Day Deadline for Payment Service Providers to Comply with New PoS Transaction Rules

The Central Bank of Nigeria (CBN) has issued a 30-day deadline for Payment Service Providers (PSPs) to align with new regulations aimed at improving the tracking of Point of Sale (PoS) transactions. This directive, announced on September 11, 2024, is designed to enhance the security of electronic payments in Nigeria by ensuring all PoS transactions […]

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Flutterwave Expands into Malawi with Send App for Cross-Border Payment Services.
Fintech Market

Flutterwave Expands into Malawi with Send App for Cross-Border Payment Services

Flutterwave, a leading African fintech company, has officially launched its remittance platform, Send App, in Malawi. This move marks a significant step in expanding the availability of cross-border money transfers across East Africa.  The commercial launch follows the International Money Transfer Operators (IMTO) licence granted to Flutterwave by the Reserve Bank of Malawi in October […]

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Chipper Cash Secures Broker-Dealer Licence in Ghana, Expanding Financial Service Offerings
Business News Finance Fintech

Chipper Cash Secures Broker-Dealer Licence in Ghana, Expanding Financial Service Offerings

Chipper Cash, a cross-border fintech platform, has been granted a broker-dealer licence by the Securities and Exchange Commission (SEC) of Ghana. This strategic move strengthens the fintech’s foothold in Ghana’s financial market, allowing it to broker securities for individual and institutional investors legally. The licence enables Chipper Cash to operate as a licensed brokerage, providing […]

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Paymob Raises $22 Million and Hits Profitability in Egypt
Business News Fintech

Paymob Raises $22 Million and Hits Profitability in Egypt

Paymob, an Egyptian fintech company, just raised an extra $22 million in funding, bringing its total Series B round to $72 million. This boost comes on top of the $50 million they secured in 2022. The fresh investment comes from big names like EBRD Venture Capital and PayPal Ventures, showing just how much confidence there […]

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Fintech News Trending

NANS Calls for Immediate Reversal of N50 Fintech Transfer Levy as September 9 Deadline Hits

The National Association of Nigerian Students (NANS) has raised its voice against the newly introduced N50 Electronic Money Transfer Levy (EMTL), which is set to take effect from September 9, 2024. This levy mandates a deduction of N50 for every electronic transfer of N10,000 and above through fintech platforms like OPay and Moniepoint. In a […]

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Business Fintech

FIRS Extends EMTL to Fintechs: Moniepoint, OPay Set to Deduct N50 on Inflows Over N10,000 from September 9th, 2024

The fintech revolution in Nigeria has long promised customers a seamless, low-cost banking experience. From quick money transfers to free deposits, these platforms—Moniepoint, OPay, PalmPay, and others—have enjoyed widespread popularity. But come September 9, 2024, things will change for users of these services.  It’s a regular Saturday morning, and Moniepoint’s customers receive a notification on […]

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