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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FinTech

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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Technology

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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FinTech

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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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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FinTech

Africa’s Fintech Revenues Targets $47bn by 2028, Although About 300 Million Adults Remain Unbanked

Africa’s fintech sector is entering a defining decade. Fintech revenues could grow from roughly $10 billion in 2023 to $47 billion by 2028, yet nearly 300 million adults remain unbanked, highlighting both the scale of the opportunity and the urgency of getting the regulatory environment right. For investors, policymakers, and entrepreneurs, the message is unmistakable. […]

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News

PAFON Set to Explore Emerging Trends as Organisers Unveil Third Edition Hosting Date

Payments Forum Nigeria (PAFON), the country’s industry platform for digital finance stakeholders, is holding the third edition of its flagship event, PAFON 3.0. The high-level gathering is scheduled to take place on this April is bringing together the brightest minds in banking, fintech, and regulation. Under the central theme of exploring emerging trends, PAFON 3.0 […]

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FinTech

Bitcoin Betting Not Investment But Gambling, Risks Crypto Credibility, Says deVere Group CEO

Five-minute Bitcoin bets, the new craze sweeping crypto, is more akin to gambling not investing, and could damage the reputation of a serious financial asset. This is the warning from the CEO of one of the world’s largest independent financial advisory organizations as ultra-short-term cryptocurrency wagers surge in popularity, pulling in retail traders chasing fast […]

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