MasterCard yesterday sealed a definitive agreement with MTN, for a minority investment of up to $200 million in MTN Group Fintech, valued at $5.2 billion on a cash and debt-free basis. The Johannesburg Stock Exchange (JSE)-listed MTN Group stated today that the deal, which is non-categorised under the JSE Listings Requirements, was originally announced on August 14, […]
Read MoreOPay, Nigeria’s mobile money platform, which was recently applauded by the World economic Forum (WEF) and was awarded the consumer choice award by ADVAN, has unveiled a suite of security enhancements, ensuring user’s fund stays secured. OPay operates as a licensed Mobile Money Operator (MMO) by the Central Bank of Nigeria (CBN), adhering to the […]
Read MoreLeading the charge in mobile-based payments, OPay has pledged to implement a thorough removal process for accounts lacking a Bank Verification Number (BVN) and/or National Identification Number (NIN) starting March 1, 2024. This commitment follows the recent directives from the Central Bank of Nigeria (CBN) on Know-Your-Customer (KYC) requirements, mandating all individual accounts and wallets […]
Read MoreAll accounts on OPay, Nigeria’s fintech company that are not properly linked with the National Identification Number (NIN) would be blocked by March 1, 2024. Also, fraudulent accounts and those that do not meet the know-Your-Customer (KYC) of the Centra Bank of Nigeria would also be removed from the OPay platform. The Director of Partnerships […]
Read MoreSmartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, is going into strategic partnership with Stanbic IBTC Bank to boost cash deposits and withdrawals for Smartcash customers across Nigeria. The new collaboration between the two visionary companies aims to leverage Stanbic IBTC Bank’s branch network to provide additional financial services to Airtel Smartcash customers […]
Read MoreVenture capital firm EMUGO Africa believes the widespread adoption of mobile-based crypto applications, a vibrant start-up ecosystem and a tech-savvy youthful population will position Nigeria as a major player in Africa’s crypto space. EMUGO Africa published a blog, this week, titled, Inside Nigeria’s Web3 Market: Crypto Outlook and Regulations, in which it explained that Nigeria has one […]
Read MorePatricia Technologies Limited, a cryptocurrency company, whose company’s platform by some high-profile hackers, has promised a two to five-year repayment regime for all customers who lost money following the recent breach. The company in a statement said the new repayment regime is a careful sequel to the company’s repayment exercise launched on Monday 20, November […]
Read MoreAMA PRESS RELEASE TPAY MOBILE, META’s most reliable digital micropayments facilitator, today announces through its partnership with Tencent, the launch of Direct Carrier Billing for PUBG MOBILE in Egypt. This launch provides gamers in Egypt to easily purchase PUBG MOBILE UC (unknown cash) through the official PUBG shop ‘Midasbuy’ and the UC they purchased is […]
Read MoreThe SEC approval of Bitcoin Exchange-Traded Funds (ETFs) signals a landmark moment for both Bitcoin and the broader cryptocurrency market, and could send prices skyrocketing in the longer-term with BTC prices perhaps hitting $60,000 this quarter, predicts the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations. The bullish […]
Read MoreThe global transaction value processed via soft POS will reach $11.8 billion by 2028, up from $1 billion in 2023. Growth will be driven by Apple’s launch of Tap to Pay, coupled with soft POS’ low cost of acceptance, which will lead to significant small business adoption. Soft POS allows NFC‑enabled smartphones or tablets to […]
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