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CBN to release landmark fintech survey report Monday

The Central Bank of Nigeria is set to release a landmark fintech survey report on Monday, February 2. The report provides rare insight into the nature and depth of the apex bank’s engagement with Nigeria’s fast-growing fintech sector. Nairametrics gathered that the report is based on a nationwide survey of fintech operators, complemented by stakeholder […]

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PalmPay begins campaign to eliminate fintech fraud

A Financial Technology Platform, PalmPay Limited, has cautioned its customers across the country to be wary of antics of scammers and fraudsters. The bank’s Managing Director, Chika Nwosu, made the call during a road walk in Kano organized to sensitize the public to protect themselves from fraudulent tactics. Nwosu said the campaign became necessary to […]

Business

Fintechs drive N71.5trn transactions in 2024 – NIBBSS

Nigerian Fintechs dominate transaction volumes in the digital payment space while traditional banks focus on translating digital activity into strong revenue growth. According to data from the Nigeria Inter-Bank Settlement System, licensed mobile money operators, including OPay, PalmPay, and Moniepoint, processed a combined N71.5 trillion in transactions in 2024. This figure represents a 53.4 per […]

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Orange Money partners JUMO to offer microloans across Africa

The financial services arm of French telecom giant Orange S.A., Orange Money, is partnering with South African fintech firm JUMO to offer mobile-based microloans in Africa. The initiative will launch in Burkina Faso, Mali, and Botswana, allowing users to request and receive credit directly through their Orange Money wallets—eliminating the need for traditional bank visits […]

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Revolut taps ex-Uber exec to lead African expansion

Digital banking giant Revolut has appointed former Uber general manager Amine Berrada to lead its entry into Morocco, marking a major step in the UK-based neobank’s broader push into the African continent. The move is part of ongoing efforts to secure full operating licences in both Morocco and South Africa. In Morocco, Revolut will enter […]

Opay, Piggyvest, others rank among CNBC's world's top 300 fintechs
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Opay, Piggyvest, others rank among CNBC’s world’s top 300 fintechs

Ten African fintech companies have been recognised among the world’s top 300 fintechs in 2025, according to a new ranking by CNBC and Statista. The list celebrates global innovation across seven fintech segments, including payments, wealth tech, and alternative financing, during a period marked by cautious investor sentiment and a slowdown in global funding. Nigeria […]

Visa, partners Yellow Card to drive stablecoin payments across Africa
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Visa, partners Yellow Card to drive stablecoin payments across Africa

Visa has partnered with Yellow Card, a leading African crypto exchange, to bring stablecoin-based payments to more countries across the continent—signaling a major step toward making cross-border transactions faster and more accessible for millions. Yellow Card, which has processed over $6 billion in transactions across 20+ African countries, is known for enabling users to transact […]

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Visa appoints Aminata Kane to head African operations

Global payments giant Visa has announced the appointment of Aminata Kane as Senior Vice President and Head of Western and Central Africa, effective September 4, 2025. Kane, a seasoned executive in digital financial services and telecommunications, will be based in Abidjan, Côte d’Ivoire. She will lead Visa’s newly established sub-regional team, overseeing operations across 23 […]

U.S. fintech Wave enters Cameroon’s mobile money market
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U.S. fintech Wave enters Cameroon’s mobile money market

U.S.-based fintech startup Wave officially launched its mobile payment services in Cameroon on June 11, 2025, marking its entry into one of Central Africa’s most dynamic mobile money markets. The launch follows a partnership with Commercial Bank Cameroon, which will give CBC clients access to Wave’s full suite of services. These include cash deposits and […]

CBN fines Paystack ₦250m ver alleged regulation breach
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CBN fines Paystack ₦250m over alleged regulation breach

The Central Bank of Nigeria has slammed a ₦250 million fine on Paystack, one of the country’s leading fintech firms, over alleged regulatory violations tied to its newly launched consumer app, Zap by Paystack. The apex bank believes that Zap—a peer-to-peer money transfer service introduced in March—operates as a digital wallet, which is not permitted […]

C-One Ventures acquires Bankly to expand fintech footprint
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C-One Ventures acquires Bankly to expand fintech footprint

Nigerian investment firm with interests in technology and finance, C-One Ventures, has acquired Bankly, a licensed microfinance institution known for serving Nigeria’s unbanked and underbanked communities. The acquisition, announced this week, includes Bankly’s operational assets, regulatory licenses, and entire team. These will be integrated into C-One’s expanding fintech ecosystem, which already includes Fulcrum, a supply […]

Revolut reports $1bn profit in 2024
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Revolut reports $1bn profit in 2024

Digital banking giant Revolut has posted a record net profit of $1 billion (£790 million) for 2024, more than doubling its earnings from the previous year, according to its newly released annual report. Revenues surged 72% to $4 billion (£3.1 billion), while its global customer base jumped 38% to 52.5 million users. “2024 was a […]

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