Between 2020 and 2021, the number of tech start-ups in Africa tripled to around 5,200 companies. Just under half of them were fintechs, making it the fastest-growing start-up industry in Africa. Their success is due to several trends such as the digital boom during the pandemic and increasing smartphone ownership and internet coverage, as well […]
Read MoreGoogle Cloud has announced a new collaboration with Nigerian fintech Moniepoint to drive financial inclusion in Africa’s biggest economy. The company said the collaboration makes financial services accessible at scale to millions of small and medium-sized enterprises by bridging the banking gap in suburban locations. Google and Moniepoint are targeting over 41 million micro-businesses in […]
Read More“Binance has issued cease and desist notice to the scammer entity ‘Binance Nigeria Limited’. Don’t believe everything you read in the news,” Binance CEO’s tweet reads. Binance, the world’s largest cryptocurrency exchange, on Sunday, described ‘Binance Nigeria Limited’ as a ‘scammer entity’. Changpeng Zhao, founder and chief executive officer, disclosed this via his verified Twitter […]
Read MorePresident Bola Tinubu has signed the Nigeria Data Protection Bill, 2023 into law. The Nigeria Data Protection Act, 2023 provides a legal framework for the protection of personal information, and the practice of data protection in Nigeria. The bill was introduced to the Senate and House of Representatives for consideration and passage on Tuesday, 4 […]
Read MoreThe Nigeria Government through its ruling organ, the Federal Executive Council said it has approved the integration of the National Identity Number, (NIN) into the SIM card. It also approved the merging of the National Identity and Bank cards in Nigeria. This followed a memorandum presented by the Ministry of Communication and Digital Economy to […]
Read MoreNigeria’s fintech, MFS Africa has been crowned fintech of the year at the in Sharm El Sheikh in Egypt. The fintech connects enterprises, mobile money operators, money transfer operators, banks, non-bank financial institutions, and online and offline merchants to each other and to more than 400 million mobile money wallets in over 35 African countries. […]
Read MoreMoMo Payment Service Bank (PSB), an electronic service provider and financial technology stakeholders have called for collaboration within the industry to drive financial inclusion and improve quality of lives of Nigerians. They spoke at the Momo first anniversary and stakeholders forum with theme; “Driving Financial Inclusion and Cashless Payments”, on Wednesday in Lagos. Chief Executive […]
Read MoreKamaPay will be participating in the highly anticipated GITEX Africa 2023, taking place from 31 May – 2 June 2023 at Bab Jdid, Boulevard Al Yarmouk, Marrakech. GITEX Africa 2023 brings together industry leaders, researchers, and technology enthusiasts from around the globe. By taking part in this prestigious event, KamaPay seeks to further solidify its […]
Read MoreNigeria’s Financial Inclusion Target Continues to Wobble Amid Crisis in USSD Code Usage Nigeria’s financial inclusion target is shaky even as crisis rocks the use of the Unstructured Supplementary Service Data platform also known as the USSD Code. The Governor of the Central Bank (CBN), Mr Godwin Emefiele confirmed that there are challenges encountered by […]
Read MoreAn e-learning platform, ‘SabiMONI’, designed to promote financial literacy and to deepen financial inclusion has been introduced by the Nigerian Government. The e-learning platform, an initiative of the Central Bank of Nigeria (CBN), according to the CBN Governor, Mr Godwin Emefiele, was a fully digital national e-learning platform that provides knowledge for financial literacy. He […]
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