FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is thrilled to announce the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its flagship digital banking platform, the LIT app, enabling customers to make instant, secure, and local currency-based cross-border payments across Africa. PAPSS, developed by the […]
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Mastercard has extended its strategic commercial partnership with Smile ID, an identity verification provider in Africa, to accelerate the rollout of secure digital identity solutions across the continent. This partnership will enable banks, fintechs, mobile money operators and other enterprises to onboard new customers faster, reducing identity fraud and expanding access to the financial system. […]
Read MoreAMA PRESS RELEASE Yango Group, a UAE-based tech company, has announced a new investment in Zanifu, a Kenyan fintech platform that provides access to working capital for small and medium-sized enterprises (SMEs). In addition to funding, Yango Group will support Zanifu in shaping its long-term business structure and growth strategy-drawing on the Group’s operational experience […]
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FirstBank, the West African premier financial institution and financial inclusion services provider, has reaffirmed its commitment to driving digital transformation in the banking sector with the commissioning of its 7th fully automated branch, the FirstBank Digital Xperience Centre (DXC) at Area 10, Garki Abuja. The Centre is designed to deliver seamless, paperless, and customer-driven financial services across […]
Read MoreInstant payments will surpass the $100 trillion mark in 2029; up from $60 trillion in 2025. This represents substantial growth of 84% over just four years. The Juniper Research said this rapid rise will be driven by two major trends: the increasing adoption of instant payments in Europe, driven by regulation, and the rising usage […]
Read MoreLagos State played host for the convergence of innovation and ICT leaders recently, when Commissioners for Innovation, Science and Technology and senior state delegates gathered during GITEX in Lagos for the ICT Commissioners Roundtable. Conceived as a national platform to align sub-national digital priorities with federal strategy, strengthen inter-state collaboration and accelerate the drive toward […]
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The National Information Technology Development Agency (NITDA), is excited that the over three years partnership with the Japan International Cooperation Agency (JICA) is propelling the nation’s technology innovation and startup ecosystem to new heights. According to the Director General of NITDA, Mr Kashifu Inuwa Nigeria now boasts as one of Africa’s most vibrant startup ecosystems, […]
Read MoreGlobal payments revenue is projected to grow to $2.4 trillion by 2029, according to new research from Boston Consulting Group (BCG). While growth is expected to moderate to 4% annually over the next five years, the industry is undergoing a foundational reset as agentic AI, digital currencies, and fintech business models begin to shape the […]
Read MoreAMA PRESS RELEASE Africa’s infrastructure solution provider, Africa Finance Corporation has joined the sponsors league of the Africa Fintech Summit even as it recently announced the institution’s transformative impact across Africa, where AFC-financed projects have contributed over $50 billion to regional GDP and enabled the creation of 7 million jobs in 36 countries. AFC has […]
Read MoreAMA PRESS RELEASE Africa Fintech Summit (AFTS) is set for kick-off with the Ministry of Communication, Digital Technology and Innovations (MOC) as a Strategic Partner for the 14th edition of the summit. The Accra International Convention Centre (AICC) Summit, comes on the heels of the n Accra from some of the bold moves by MOCDTI, […]
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