One of the players in Nigeria’s fintech market, Moniepoint is not having difficulties carrying out bulk transfers to customers in real-time but instead its customer base is growing steadily. According to the fintech player, its disbursement API that allows businesses to carry out bulk transfers to customers in real-time, seamlessly, without any manual verification required […]
Read MoreNadeem Anjarwalla, an executive of cryptocurrency platform, Binance, has escaped from custody, according to the Office of the National Security Adviser (NSA), however, the officer in custody of the escapee has been arrested. He is a suspect in the Federal Government’s ongoing probe into Binance activities in Nigeria. But he escaped from custody on Friday, […]
Read MoreIn a significant move aimed at upholding fiscal responsibility and preserving the economic integrity of the nation, the Federal Government has taken legal action against Binance, a prominent cryptocurrency exchange platform. The charges, formally lodged at the Federal High Court in Abuja, were announced on Monday by the Federal Inland Revenue Service (FIRS). Designated as […]
Read MoreAMA PRESS RELEASE The Africa Fintech Summit (AFTS) releases its insightful “Nigeria Fintech Marketing Outlook 2024” report, shedding light on the current state and future direction of marketing strategies within the nation’s booming fintech industry. Since 2017, the Africa Fintech Summit has led trade missions, bilateral partnerships, ecosystem tours, investment initiatives, and launches with startups, […]
Read MoreNigerian Hyperspace Technologies, a blockchain and web3 technology company, has launched three new solutions to address digital asset security: the Keymaster VAULT, cipherKEY tap2sign, and cipherCHIP tap2verify. The Keymaster VAULT is a card-based hardware wallet designed for crypto currency holders and those who own digital assets and non-fungible tokens. While the cipherKEY tap2sign is another […]
Read MoreThe Visa-backed Nigerian payments company Interswitch will enter Nigeria’s telecommunications sector after acquiring a Tier 5 MVNO (Mobile Virtual Network Operators) license. Interswitch acquired the Tier 5 MVNO (Mobile Virtual Network Operators) licence for ₦500 million ($1.08 million) from the Nigeria Communications Commission (NCC) in May 2023. Interswitch’s Tier 5 (unified virtual operator) license allows it to negotiate with one of Nigeria’s four telcos […]
Read MoreAfrica-focused fintech platform PalmPay has unveiled two new products in Nigeria, Unlimited Free Transfer and Target Savings, removing transfer fees to all banks and fintech platforms on its app. PalmPay announced the news today, saying with the Unlimited Free Transfer product, users of its app now have access to unlimited fund transfers to family and […]
Read MoreBitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picked up amid optimism that the Federal Reserve will cut interest rates this year. Almost a week ago, Bitcoin hit a record high above $69,000 and was buoyed by the world’s biggest cryptocurrency becoming more accessible for trading amid tightening supplies. […]
Read MoreAfrica’s financial technology leaders are gathering in Washington DC, US, on the sidelines of the IMF/World Bank Spring Meetings on April 17, 2024. The Africa Fintech Summit, Africa’s most influential bi-annual confluence of regulators, policymakers, founders, investors, and entrepreneurs from across the globe, is excited to be back in the US Capital, hosting 2024’s first […]
Read MoreCryptocurrency exchange Binance has ended its naira services, the company said on Tuesday. It listed the timeline for the closure, asking users to take needed action. “Users are encouraged to withdraw NGN, trade their NGN assets, or convert NGN into crypto prior to the discontinuation of these NGN services,” Binance said in a statement. “From […]
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