Reports from Juniper Research experts in the payments market, found that the total value of mobile money transactions in emerging markets will reach $2 trillion by 2027, an increase of over $500 billion from 2023. Growing at 33%, the market is being driven by the transition to PaaP (Payments-as-a-Platform), a model which allows third parties […]
Read MoreMTN’s Ayoba messaging app now has more than 25 million people as part of its monthly active users, says the group in a statement. This, according to the telephony group, is up from 20 million monthly active users in December. Launched in 2019, Ayoba is an MTN-owned instant messaging super app, and features peer-to-peer private […]
Read MoreWhether you’re new to investing in cryptocurrency, still trying to get your head around currency that can’t be stashed in your wallet, or a seasoned trader, chances are you’ll appreciate a tool that can make investment even easier. That’s why Binance, the world’s largest cryptocurrency exchange, has introduced Auto-Invest. “We understand that many people regard […]
Read MoreNigerian women are on the 9th position of the percentage or women in leadership positions at crypto companies and more to reveal what role women are playing in crypto in 2023. The research from Forex Suggest analysed global cryptocurrency owner statistics showed that Nigerian women are the are the second in the African list and […]
Read MoreEcobank Kenya, part of Ecobank Group, the pan-African banking Group, has launched Fingo Africa app, which is set to revolutionize financial inclusion for young people in Kenya and across Africa. The app was developed in close collaboration between Fingo Africa, a Kenyan Fintech company and Ecobank. The launch of the App in Kenya will be […]
Read MoreThe latest report by cybersecurity firm Kaspersky has painted a grim picture of Nigeria’s digital payments ecosystem, revealing 37% of respondents in its study suffered financial losses last year. The Kaspersky study says the majority of digital payments users (97%) lost up to $1,000 equivalent as a result of the threats they encountered when using […]
Read MoreThe African Development Bank (AfDB) recently penned a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal that will serve as a one-stop shop for all fintech activities in Africa. The deal will see AfDB’s Africa Digital Financial Inclusion Facility (ADFI) provide funding and technical […]
Read MoreThree of Nigeria’s Startups have made it to the top 45 list of the Viva Technology and the International Finance Corporation (IFC) of the second AfricaTech Award. The organisers announced that Blackcopper, Curacel and Checkbit are among the top 45 startups long-listed for the second edition of the AfricaTech Awards, a pan-African initiative recognising companies […]
Read MoreMobile money services are growing faster than predicted around the globe, with the number of registered mobile money accounts growing by 13% year-on-year, from 1.4 billion in 2021, to 1.6 billion by the end of 2022. Southern Africa saw 24% year-on-year growth to reach 781 million registered accounts and 18 million active mobile money accounts […]
Read MoreAll loan apps on Google Play Store such as Ren Money, Fair Money and ALAT from Wema Bank will lose their ability to access their users’ contacts or photos from May 31, 2023, the Federal Government has said. This comes as authorities say the latest policy by Google will be enforced. The action is consistent […]
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