FinTech
  • November 11, 2024

Ecobank Partners with Nium to Unlock Real-Time Cross-Border Payments Across 35 African Markets

  Nium (https://apo-opa.co/3Cl0CMy), the global infrastructure for real-time cross-border payments, announced a partnership with Ecobank Transnational Incorporated. (www.Ecobank.com), the independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers. This partnership is set to revolutionise the region’s payments landscape by enabling faster, more efficient international payments […]

Read More
Business

Ethiopian Airlines Breaks Record, First African Airline to Deliver Airbus with Thales’s AVANT Up IFE

AMA PRESS RELEASE In Toulouse, France, Ethiopian Airlines and Thales celebrated the delivery of the airline’s first A350-1000 aircraft, which is also the first in Africa to be equipped with Thales’s state-of-the-art AVANT Up inflight entertainment (IFE) system. This ushers a new era of inflight entertainment for Ethiopian Airlines’ valued passengers. Thales’ enduring partnership with […]

Read More
Business

Wema Bank Takes Banking to Teens  with Banking App 

Wema Bank has released the ALAT Xplore App, a mobile banking platform developed exclusively for Nigerian youths aged 13 to 17. According to the bank, the App redefines how teenagers interact with money. It was launched in Lagos on Saturday, and Wema described it as a significant step forward in its efforts to boost financial […]

Read More
AMA

I&M Bank Extends Partnership with Backbase to Drive Digital Transformation

AMA PRESS RELEASE l &M Bank Kenya, a Tier 1 commercial bank, has reaffirmed its commitment to digital transformation and customer experience excellence by extending its strategic partnership with Backbase, the provider of the Engagement Banking Platform. The renewed collaboration will allow I&M Bank to continue leveraging Backbase’s next-generation platform and expertise to deliver innovative […]

Read More
Business

MoMO PSB Opens Cross-Border Remittance Opportunity for  Nigerians Across Africa with Special Gift Card 

Nigerians can now  send money seamlessly to 13 African countries, including Benin Republic, Cameroon, Congo Brazzaville, Côte d’Ivoire, Democratic Republic of Congo, Gambia, Liberia, Malawi, Rwanda, Sierra Leone, Togo, Uganda and Zambia, and receive money seamlessly from six African countries such as South Africa, Rwanda, Uganda, Zambia, Democratic Republic of Congo and Mauritius; via it’s […]

Read More
Business

FairMoney Boosts Customers’ Banking Experience with 30% Interest Increase

FairMoney, a financial service provider, made a significant update to all its savings services, delivering some of the highest interest rates in the Nigerian financial market. This increase underscores FairMoney’s ongoing commitment to providing exceptional value and supporting customers’ financial growth. Given the current high inflation of 32.7% as of September 2024 as released by […]

Read More
FinTech

EFCC Drops all Charges Against Binance’s Gambaryan, Sights Diplomatic Reasons

Economic and Financial Crimes Commission (EFCC), has withdrawn all charges against Tigran Gambaryan, the head of financial crime compliance for the Binance Security and Investigations team. Ekene Iheanacho, a lawyer representing the Economic and Financial Crimes Commission (EFCC), announced his release today at the Federal High Court in Abuja. The EFCC’s lawyer said Gambaryan, a US […]

Read More
Business

Stay Away from Transactions of N500,000, Police Warns POS Operators

The Delta State Police Command has issued a stern warning to Point of Sale (POS) operators regarding transactions exceeding ₦500,000. According to SP Bright Edafe, the Public Relations Officer of the Command, such transactions could potentially implicate operators in criminal activities, particularly kidnappings. In a recent statement, SP Edafe highlighted a case where a POS […]

Read More
Business

SEC Begins Cracks Down on Fintech Fraud Spreads Dragnet Across Ecosystem

In a significant move to protect investors and uphold market integrity, Nigeria’s Securities and Exchange Commission (SEC) has announced a crackdown on fraudulent activities within the country’s fintech sector. To achieve this, the SEC plans to enforce ‘smart regulations’ across the fintech ecosystem to mitigate fund mismanagement and ensure operators comply with existing laws. Emomotimi […]

Read More
FinTech
  • September 30, 2024

Ivorian Fintech, Daba Finance Grabs US$50,000 Prize of  2024 Ecobank Fintech Challenge

Ecobank, the leading pan-African financial services group, announced Daba Finance, the Ivorian Fintech, as the Grand Winner of its flasghip Ecobank Fintech Challenge 2024.  Twelve (12) innovative fintech startups competed to impress the esteemed panel of five judges for the US$50,000 prize. The judges, comprised of renowned industry experts, evaluated the finalists based on criteria such as innovation, […]

Read More