FinTech

Cross-border Payment Transactions to Hit $63trl by 2030, as Cross-border eCommerce Scales Rapidly

The value of cross-border payments will reach $62.9 trillion by 2030 globally; up from $50.8 trillion in 2026 according report from global tech strategists Juniper Research. . This impressive 24% growth is being driven by: Rapid expansion of brands offering cross-border eCommerce Sustained robust growth within B2B payments Improved cross-border payment infrastructure The research identified that […]

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Business

FirstBank Redefines Card Payment Across with Unveiling Naira Visa Debit Card in Partnership with Visa

First Bank of Nigeria Limited has launched Naira Visa Debit Card, in partnership with Visa to extend accessible, reliable electronic payment capabilities to a broader segment of the Nigerian population. The card is targeted at everyday consumers who require a dependable payment instrument for routine domestic and international transactions. Accepted across POS terminals, ATMs, and […]

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L-R: Omolara Michael-Nwadu, Ag. CEO, MoMo PSB; Kayode Olubiyi, Group Head, Digital Banking, UBA Group; and Emmanuel Ojo, MD/CEO, Redtech Limited
 FinTech

Redtech, MoMo PSB and UBA Deploy Fresh Strategy to Expand Merchant Payment Access Across Nigeria

Redtech, MoMo PSB, and United Bank for Africa (UBA) have launched a payment interoperability partnership that expands cardless payment access for consumers and merchants across Nigeria. Redtech is backed by Heirs Holdings; MoMo PSB is MTN Nigeria‘s fintech subsidiary. MoMo PSB customers can now make payments directly from their MoMo wallets at participating UBA merchant […]

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FinTech

PAFON 3.0: Stakeholders Push for Reliable Payment System, Harp on Robust Infrastructure

The stakeholders in the payment ecosystem in Nigeria are further pushing forth their agitation for robust and reliable payment infrastructure to drive financial inclusion. In a speakers’ line-up made of industry top leaders at the Payment Forum Nigeria 2026, the call was for small businesses, merchants, and agents to enjoy reliable services. David Ijaola of […]

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News

Zedcrest Group Accelerates Growth, Solidifies Position with More Subsidiaries 

Zedcrest Group, a financial services firm in Africa, continues to accelerate its growth and solidify its position as a provider of comprehensive, institutional-grade financial services. Zedcrest’s evolving platform offers clients a broad range of services across its core business areas, including asset management, investment banking, securities, and financing. These services are delivered through its subsidiaries: […]

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FinTech

STS Association Signs Liaison Agreement with DLMS for Smart Prepayment Metering Systems.

The STS Association has signed a Liaison Agreement with the DLMS User Association (DLMS UA), marking a significant milestone in the evolution of interoperable, secure, and future-ready smart prepayment metering systems. This collaboration brings together two of the world’s most widely adopted global standards — STS token technology and the DLMS/COSEM data model — with […]

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Richard Teng, Binance CEO.
 FinTech

Nigeria, May Settle Massive Tax Row with Binance Soon

Nigeria’s long-running standoff with Binance may be nearing a turning point, after both parties confirmed they are exploring an out-of-court settlement in a multi-billion-dollar tax dispute. The update, delivered at the Federal High Court in Abuja on Tuesday, signals a key development in a case that has come to symbolise Nigeria’s tense relationship with global […]

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Technology

MEXC Records Landmark Milestone as Platform Surges to Top-3 Ranking in Global Crypto App Download

MEXC, one of the world’s leading cryptocurrency exchanges, today announced a landmark milestone: the platform has surged to a top-3 ranking in global crypto app downloads, cementing its position among the most-used digital asset platforms worldwide. At the heart of MEXC’s explosive growth is its commitment to removing the financial friction that has historically kept […]

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Benjamin Fernandes, founder and CEO of NALA
 FinTech

Tanzania Founded International Money Transfer Firm, NALA Enters Nigeria’s Competitive Market, Secures CBN Approval

NALA has secured an International Money Transfer Operator (IMTO) license from the Central Bank of Nigeria (CBN), alongside a direct integration into the Nigeria Inter-Bank Settlement System (NIBSS). The expansion into one of the continent’s most competitive markets marks the 14th licence secured by the company globally. Founded in Tanzania, the firm now has a […]

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FinTech

Mastercard Embraces Blockchain Technology, Acquires  $1.8m Digital Coin Infrastructure Firm 

Mastercard has entered a definitive agreement to acquire BVNK, a stablecoin infrastructure firm, for up to $1.8 billion, including $300 million in contingent payments. In a statement, the payments company said digital assets powered by blockchain technology have the potential to make money movement faster and smarter. It notes that while nascent, today digital currency payment use […]

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