Payment Regulation Telecom

Airtel, MTN Receive Approval in Principle to Operate Payment Service Banks

MTN Nigeria and Airtel Africa Plc have received approval in principle to operate a payment service banks (PSB) in the

CBN
Payment

CBN Revokes Operating Licenses of Seven Payment Service Banks

The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of seven payment services providers and one Switch service

CBN
Banking Government Payment

Three Firms Receive CBN Approval to Run Payment Service Banks

The Central Bank of Nigeria (CBN) has announced that it has approved final licenses to three firms to operate as

Zone
Funding Investment Venture Capital

Zone Secures $8.5m in Seed Funding to Scale its Decentralized Payment Infrastructure

Zone, the African payment infrastructure company, has raised $8.5 million in an oversubscribed seed funding round led by venture capital firms Flourish Ventures and TLcom Capital.

Ukheshe
Accessories

Ukheshe Acquires EFT Corporation to Transform Financial Services Across Africa

Ukheshe International, the Banking as a Service (BaaS) and embedded finance enabler, has acquired 100% of  EFT Corporation Limited (EFTCorp) from parent Loita Transaction

Ukheshe
Banking Fintech Partnership

Ukheshe and Komuniti SA Partner to Make Digital Banking Services More Accessible

Komuniti in collaboration with banking as a service (BaaS) and embedded finance enabler, Ukheshe is bringing digital banking to more people in South

Ukheshe
Payment

Building Trust in Digital Payments in Africa 

While cash and mobile money remain the dominant payment methods in Africa, they come with significant challenges. Cash is inefficient,

Ukheshe
Cyber security Payment

37% of Users in Nigeria Lost Money From Incident Involving Digital Payment

According to the Kaspersky, Digital Payment survey, 37% of respondents from Nigeria experienced financial losses associated with threats when using

Stitch
Payment

Stitch Launches CashPay For Cash Payments in South Africa

Stitch, the South African payments infrastructure company, has announced the launch of its latest payment method, CashPay. This allows businesses

Moniepoint
Fintech Payment

TeamApt Rebrands to Moniepoint, Reaches an Annualised Payments Volume of $170 Billion

TeamApt, a business banking platform in Nigeria, has rebranded to its flagship product – Moniepoint, a testament to its success as