Tag: Fintech

Safaricom’s M-Pesa launches in Ethiopia
News Tech

Safaricom’s M-Pesa launches in Ethiopia

Safaricom’s M-Pesa mobile money service on Wednesday launched in Ethiopia as part of its efforts to spur growth in one of Africa’s largest economies. “M-Pesa is known to be a game-changer for financial inclusion,” Safaricom Ethiopia’s interim CEO, Stanley Njoroge said. “We will continue to broaden the services our customers receive from the M-Pesa platform.” […]

PayPal announces senior Intuit exec Alex Chriss new CEO
News Tech

PayPal announces senior Intuit exec Alex Chriss new CEO

A senior executive of tax-preparation software provider Intuit, Alex Chriss will succeed PayPal Holdings’ longest-serving CEO Dan Schulman on September 27. The shift in leadership is a turning point for the leader in digital payments, PayPal, which last week launched a U.S. dollar stablecoin in an effort to expand its presence in the cryptocurrency payments […]

Israeli startup Vesttoo names Ami Barlev as interim CEO
Startups

Israeli startup Vesttoo names Ami Barlev as interim CEO

Israeli fintech company, Vesttoo, has announced the appointment of Ami Barlev as interim CEO, stepping in for Yaniv Bertele, who led the firm during a false collateral scandal. Barlev brings a wealth of experience from senior roles in various Israeli and Nasdaq-listed companies, startups, and tech-focused fields such as AI, communications, aviation, and real estate. […]

Tech

Flutterwave unveils ‘Send App’ for diaspora remittances to Africa

Pioneer in Africa’s payments technology landscape, Flutterwave, has announced a significant upgrade to its revolutionary $end Mobile product, now rebranded as the Send App by Flutterwave. This enhancement is poised to revolutionize money transfers from the African diaspora to their loved ones on the continent, offering a swifter, more accessible, and cost-effective solution. The Send […]

World Fintech Day: All you need to know about the fintech industry
Uncategorized

World Fintech Day: All you need to know about the fintech industry

In a world rapidly embracing digitalization, the financial technology (fintech) industry stands at the forefront of revolutionizing how we manage money, conduct transactions, and access financial services. On World Fintech Day, a global celebration of innovation and transformation in the financial sector, here’s all you need to know about the world of fintech and how […]

Opay president Olu Akanmu steps down after two years
News Tech

Opay president Olu Akanmu steps down after two years

Olu Akanmu has stepped down as the president and co-CEO of OPay Nigeria, according to a statement he posted on his Twitter profile on Monday. “My gratitude to all my colleagues at Opay for the good work we did together in deepening financial inclusion in Nigeria, ensuring that less and less number of our people […]

CBN lifts ban on Bamboo, Nairabet, AbokiFX, others
featured Tech

CBN lifts ban on Bamboo, Nairabet, AbokiFX, others

The Central Bank of Nigeria has instructed banks to remove the post-no-debit restriction on the bank accounts of 440 individuals and companies, including renowned fintech platforms like Bamboo and Risevest, along with the well-known sports betting company Nairabet. The directive was communicated through a circular signed by A.M. Barau, the Director of Banking Supervision at […]

Exchange platform AbokiFx resumes operation
News Tech

Exchange platform AbokiFx resumes operation

Popular Nigerian foreign exchange firm AbokiFX has now started operating again after former CBN governor Godwin Emefiele was suspended. The site showed one dollar at N790 and N795 for buying and selling, respectively, on Monday, July 10, 2023. On the same day, quotes for purchasing and selling pounds were N1,005 and N1,015 respectively, while quotes […]

Digital bank Eyowo to cut 11% of its employees
Banking

Digital bank Eyowo to cut 11% of its employees

A digital bank, Eyowo, has announced that it will lay off 11% of its staff as the company undergoes internal restructuring. This was revealed in a formal statement released on Monday and made public via its Twitter account. The statement says, in part: “We are changing course to become a financial technology platform that offers financial connectedness and […]

CBN denies rumors on suspension of OPAY, PALMPAY
Banking

CBN denies rumors on suspension of OPAY, PALMPAY

The rumors that the Central Bank of Nigeria has suspended accounts of Fintech businesses like OPAY and PALMPAY have been labeled as false by the bank. The viral rumor is “just fake,” CBN’s Acting Director of Corporate Communications, Isa AbdulMumin, told the News Agency of Nigeria in Abuja on Friday. According to the widely circulated […]

TLG Capital, OnePipe sign N2.25bn agreement to finance Nigerian SMEs
Business

TLG Capital, OnePipe sign N2.25bn agreement to finance Nigerian SMEs

TLG Capital, a pan-African alternative investment firm today declared that it has teamed up with OnePipe to offer financial services to Nigeria’s unorganized sector. The firm is giving N2.25 billion Naira in a collateralized loan facility to OnePipe, a Nigerian financial infrastructure company that uses its technological platforms to enable conventional businesses to incorporate financial […]

Fintech firm hits $200n, 2,548% transactions in two years
Tech

Fintech firm hits $200n, 2,548% transactions in two years

Vfinancial technology firm, VPD Money, has worked with partners in the sector to handle a cumulated volume of over $200 million worth of transactions with volume climbing to over 2,548 per cent for its customers since inception of operations two years ago. The Guardian reports that the neo-bank with aspirations for Nigerian companies, particularly small and […]