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Global online sports betting and games platform, 10bet, leverages Sumsub’s cutting-edge technology for streamlined onboarding and compliance Dubai – June 25, 2024 – Sumsub, a global leader in user verification, anti-fraud, and AML compliance solutions for the iGaming industry, has announced an expanded collaboration with 10bet, a leading global sports betting and games operator. Building on […]
The Central Bank of Nigeria (CBN) has given the green light to two leading fintech companies, OPay and Kuda Microfinance Bank, to resume onboarding new customers. The decision comes after a temporary pause that was implemented in late April 2023 amid allegations of illicit foreign exchange transactions. In separate statements released on Monday, both OPay […]
Flutterwave, Africa’s leading payment technology company, has announced that it has received an approval-in-principle for its payment aggregator license from the Central Bank of Mozambique. This license enables Flutterwave to offer its comprehensive payment services within Mozambique and strengthen its operations in the southern African markets. Mozambique’s e-payment ecosystem is experiencing rapid growth, with projections […]
The Central Bank of Nigeria (CBN) has issued a directive instructing fintech companies to suspend onboarding new customers until further notice. This directive comes just a few months after the CBN mandated that all financial institutions collect ID cards prior to opening financial accounts. The new directive contradicts a 2013 Central Bank rule aimed at […]
Mastercard and MTN Group Fintech have signed a groundbreaking multi-market agreement aimed at connecting millions of people and small businesses across Africa with secure mobile payment solutions, thereby expanding access to the benefits of the cashless digital economy. The partnership leverages Mastercard’s cutting-edge technology and capabilities to support MTN’s vision of becoming Africa’s leading fintech […]
In a groundbreaking move earlier this week, EthSwitch, Ethiopia’s national switch operator, unveiled its National Payment Gateway at an event held at the Skylight Hotel. The gateway is poised to transform Ethiopia’s digital landscape by simplifying and making online payments more affordable. This article delves into the key features of the National Payment Gateway, its […]
In recent developments, customers of Nigeria’s crypto trading firm, Patricia Technologies, have voiced their strong opposition to the company’s move to convert their assets into equity shares. A number of customers have reportedly received offer letters signed by Patricia’s founder, Hanu Fejiro, but have refrained from signing them, asserting that this conversion essentially means parting […]
Governments across Sub-Saharan Africa are instituting steep taxes on mobile money services, potentially reversing the significant strides made in financial inclusion. Countries like Tanzania and Kenya are witnessing a shift in the use of mobile money services due to these tax hikes. In Tanzania, taxes introduced in 2021 have had a notable impact, with mobile […]
Multigate, a licensed financial services platform company specializing in innovative digital solutions for corporate and financial institutions, has achieved significant milestones by securing Money Remittance Business licenses from the Bank of Uganda and an International Money Transfer Operator (IMTO) license from the Central Bank of Nigeria. These licenses reinforce Multigate’s commitment to providing innovative digital […]
Stake.com, an online cryptocurrency casino, recently faced a major security breach as hackers compromised their ETH/BSC hot wallets, resulting in the theft of over $40 million in cryptocurrencies. The incident has raised concerns about possible state-sponsored involvement, although no conclusive evidence points in that direction as of now. The platform swiftly reassured its users that […]
