About 40 techist of the semi-finalist of from 70 countries are set to compete for the $50,000 prize Fintech Challenge Ecobank holding at the Ecobank Pan African Centre (EPAC) Lagos, Southwest Nigeria.. A statement from the pan-African Bank, said the 2024 “Ecobank Fintech Challenge had over 1,550 applications from 70 countries from which only 40 […]
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A digital payment company, Network International, has released its platform, Network One into Nigeria’s financial system with a promise to onboard and empower banks, MNOs and fintechs in Nigeria and throughout the West African region. Making its first appearance at a media engagement in Lagos, Southwest Nigeria, the FTSE-listed Network International, a trusted payment partner […]
Read MoreSmartCash Payment Service Bank, a subsidiary of Airtel Nigeria, has added a convenient method for customers to top up their Cowry cards using the SmartCash mobile app. This follows an integration with Touch and Pay, a provider of automated payment solutions and the owner of Cowry. The new SmartCash feature aims to meet the social […]
Read MoreFlutterwave (www.Flutterwave.com), a Nigerian payments technology company, has been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana. The milestone marks a significant expansion of Flutterwave’s operations in Africa, enabling the company to offer a comprehensive suite of payment services directly within, and through Ghana. Ghana presents an exciting market for Flutterwave’s […]
Read MoreGlobal Value of Cross-border Instant Payments to Rise from $5 Trillion in 2024, to $17 Trillion in 2028… Just by connecting national instant payment schemes, the cross-border instant payment market will increase by 223% globally by 2028; resulting in a 29% share of all global instant payment transactions by 2028. This change will be driven […]
Read MoreAMA PRESS RELEASE The Association of Fintechs in Kenya (AFIK) is pleased to announce its strategic partnership with the Africa Fintech Summit (AFTS) 2024. This partnership aims to advance fintech innovation, foster growth, and create new opportunities for key players across Africa’s financial technology landscape. AFTS 2024, a premier event bringing together issues, entrepreneurs, and […]
Read MoreMobile money spend in emerging markets will reach $2.37 trillion by 2029, from $1.58 trillion in 2024. Juniper Research, predicted that this growth of 51% will be driven by operators expanding their portfolios to include higher-margin advanced services, such as powering merchant payments in-store or via eCommerce, or providing international remittances. Pivoting to advanced services […]
Read MoreThe number of fraudulent banking and money transfer transactions in the UK is expected to increase by 111% over the next five years; from 4.2 million in 2024, to 8.8 million in 2029. Despite the UK being one of the most technologically developed FDP (Fraud Detection & Prevention) markets, it anticipates that additional measures, such […]
Read MorePalmPay is giving out exclusive gift cards to customers while using its money payment app. The company in a statement while announcing the campiagn that runs through till Septrmber revealed how to Save up to 5% on the next gift card purchase. According PalmPay, with the gift card new feature jall all the consumer needs […]
Read MoreIn today’s digital age, securing your financial transactions and personal information is more important than ever. According to the 2023 NIBSS Annual Fraud Landscape report, incidents of “Fraud loss via Internet Banking increased by 325% between 2022 and 2023, with Mobile, Web and POS being the most exploited channels by fraudsters in the country.” At […]
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