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The Governor of the Central Bank of Rwanda, John Rwangombwa, has announced that Ghana and Rwanda are taking a significant step towards fintech integration by introducing a license passporting regime. This initiative will enable fintech companies licensed in one jurisdiction to expand into the other with minimal additional regulatory requirements. Backed by the Monetary Authority […]
Premier Bet transformed its marketing approach with Blask’s data-driven tools, gaining actionable insights into brand health and market share across 18 countries. This strategic leap has empowered the iGaming leader to stay agile and consumer-focused in a rapidly evolving market. Premier Bet uses Blask to elevate brand health tracking in Sub-Saharan Africa Premier Bet’s collaboration […]
MTN Uganda Mobile Money (MoMo) has reported a 100% growth in its digital lending portfolio. The success of its digital lending program, launched in January, has expanded the company’s financial services. According to Richard Yego, the Managing Director of MTN MoMo, the portfolio now includes four loan products: Extra Cash, More Cash, More PESA, and […]
PalmPay, a leading Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria. This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow […]
Sumsub, a leading full-cycle KYC, KYB and AML solutions provider, is proud to announce the addition of Kiswahili, isiZulu and Hausa languages to its Web SDK platform which already has Arabic, French, English, and Portuguese, thus making user and business verification available in seven languages widely spoken across the African continent. This strategic development underscores […]
Mobile Money Rwanda Limited (MoMo Rwanda) has partnered with Mastercard to introduce the Virtual Card by MoMo, a groundbreaking payment solution that enables secure e-commerce payments globally. This innovative service allows MoMo customers to shop and pay at any outlet accepting Mastercard, addressing the increasing demand for digital payment options and cross-border transactions. The initiative […]
Nigeria has commenced the deduction of a N50 electronic levy on transactions of N10,000 and above. The levy, officially known as the Electronic Money Transfer Levy (EMTL), was introduced under the Finance Act 2020. Policy Details The EMTL applies as a one-off charge of N50 on the recipient of any electronic receipt or transfer of […]
South East Asia (SEA) is a very diverse, eclectic and vibrant region in the Far East, comprising multiple countries with rich cultural tapestries and wide-ranging traditions. Strategically positioned along major trade routes connecting India and China, SEA has become a thriving hub for commerce, with its economies booming from historical times to the present day. […]
Moniepoint, a Nigerian fintech startup, has raised a total of $110 million in a Series C funding round led by Development Partners International (DPI). This fresh capital, which follows a $50 million round in 2023, values the company at $1 billion, solidifying its position in the exclusive club of African unicorns. “Our mission is to […]
Data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that licensed mobile money operators including Palmpay, OPay, and 15 others processed transactions valued at N41.5 trillion between January and July this year. This represents a 74% increase in transactions across the mobile money platforms when compared with the N23.9 trillion recorded in the […]
