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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 […]
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. […]
betPawa has launched its game-changing Locker Room Bonus in Tanzania that will see players in the National Basketball League get rewarded with TSh140,000 each for every match they win. In a deal signed today in Dar es Salaam by betPawa and the Tanzania Basketball Federation, 12 players will be rewarded after each victorious match, provided […]
In a groundbreaking move to enhance cross-border payments within West Africa, Ghana has announced the launch of a pilot program for mobile money interoperability with neighboring Nigeria. This initiative aims to make it easier, faster, and more cost-effective for residents in both countries to conduct financial transactions through mobile money services. The project, driven by […]
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 […]
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 […]
PalmPay, a prominent digital payment platform in Nigeria, has issued a statement instructing its customers to link their accounts with their National Identification Number (NIN) before January 31, 2024, in compliance with directives from the Central Bank of Nigeria (CBN). Failure to comply with this directive may result in the freezing of customer accounts. PalmPay […]
In response to Tuesday’s M-Pesa service interruption, Safaricom has shown appreciation to its customers by gifting cash. The company expressed gratitude for customer patience during the outage and sent a message saying, “Please enjoy some cash back as a token of our gratitude, we appreciate you.” Safaricom went on to provide the writer with Sh20, […]
MTN Ghana, a leading telecom giant, has announced a significant profit of ¢2.77 billion for the first nine months of 2023, showcasing an impressive year-on-year growth of 32%. This financial performance was revealed in the company’s latest report, highlighting substantial growth in various sectors of its business. Service Revenue Soars MTN Ghana reported a remarkable […]
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 […]
