Business

Nigeria’s Fintech Industry Still Battles Infrastructure a& Institutional Challenges, Says CBN Fintech Report

Nigeria’s fintech industry is still battling with the challenges of infrastructure and institutional capabilities, according to the latest report by the Central Bank of Nigeria (CBN) that was released yesterday, and sighted by TechnologyMirror. The CBN Fintech Report with the theme: Shaping the Future of Fintech in Nigeria: Innovation, Inclusion and Integrity, called for focus […]

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News

Paystack Launches Holding Company, The Stack Group

Paystack, a has launched The Stack Group (TSG), a parent holding company that will aggregate the tech-focused family of brands connected with Paystack. TSG Founding shareholders include Stripe, Shola Akinlade (Founder and CEO of Paystack), and existing Paystack employees. The agreements establishing TSG as the parent holding company were signed in October 2025, and are subject to the requisite regulatory […]

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Business

Mobile Money Users in Emerging Markets to Reach 2.2 Billion by 2030, as Interoperability and Integration Drive Growth

Over 53% of the adult population in emerging markets will use mobile money services by 2030; expected to gain over 370 million additional users from 2026. A study by Juniper Research identified the rising adoption of open platforms and APIs as being key to enabling interoperability saying that these changes allow providers to integrate seamlessly […]

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FinTech

MEXC Set to Boosts Crypto Adoption in Nigeria, Redefining Market Access with TradFi Products and Zero-Fee Trading 

As global financial markets continue to converge, Nigerian traders are emerging as early adopters of hybrid trading models that combine digital assets with traditional financial instruments. MEXC, the user-friendly crypto exchange known for innovation, is seeing rapid growth in Nigeria by uniting cryptocurrency and traditional finance (TradFi) assets on one powerful platform, complete with zero-fee […]

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Business

MoMo PSB Expands Business Operation into More African Countries 

MoMo Payment Service Bank (MoMo PSB), the financial subsidiary of MTN Nigeria, has expanded its cross-border transfer service, extending outbound coverage to additional African markets (including Kenya and South Sudan), while also deepening inbound remittance capabilities from the United Kingdom, United States, Canada, and Europe. With the latest expansion, MoMo PSB customers in Nigeria can […]

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FinTech
  • December 11, 2025

MoMo PSB Makes New Partnership to Give  UNILAG Students N10 Bus Ride Fare

MoMo PSB, fintech subsidiary of MTN Nigeria, has gone into a partnership with Ogata Electric Vehicles to provide subsidised bus rides of ₦10 per fare to students of the University of Lagos (UNILAG). MoMo PSB provides millions of Nigerians with simple and secure financial services including local and international transfers, savings, card services, bills payment,  […]

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FinTech

PalmPay Flags-off Purple December Campaign Pledges Rewarding Loyal Customers

PalmPay, one of Nigeria’s fastest-growing fintech platforms, begins Purple December, its annual month-long digital activation created to celebrate, appreciate, and reward its vibrant community of users during the festive season and end-of-year period. Running from December 1 to December 26, Purple December is a social media-led campaign that invites PalmPay users to participate in simple […]

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FinTech

NITDA Seeks Nigeria-MENA Digital Fintech Corridor at Doha Fintech Festival

The Director General of Nigeria Information Technology Development Agency (NITDA), Kashifu Inuwa has called for a Nigeria–MENA Digital Fintech Corridor built on interoperable cross-border payments, shared regulatory sandboxes, responsible AI deployment, youth-driven innovation exchanges, and digital finance solutions that put people first. Inuwa in a keynote address at the 4th MENA Fintech Festival in Doha, […]

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FinTech

FirstBank Integrates PAPSS into LIT App for Seamless Cross-Border Payments Across Africa

FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is thrilled to announce the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its flagship digital banking platform, the LIT app, enabling customers to make instant, secure, and local currency-based cross-border payments across Africa. PAPSS, developed by the […]

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L-R:Selin Bahadirli Executive Vice President Services Mastercard EEMEA Mark Straub Co-Founder-CEO Smile ID Dennis Gamiello Executive Vice President Global Head of Identity at Mastercard.
 FinTech

Mastercard and Smile ID Signs Partnership Deal to Scale Digital Identity Across Africa 

Mastercard has extended its strategic commercial partnership with Smile ID, an identity verification provider in Africa, to accelerate the rollout of secure digital identity solutions across the continent. This partnership will enable banks, fintechs, mobile money operators and other enterprises to onboard new customers faster, reducing identity fraud and expanding access to the financial system. […]

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