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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FinTech

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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News

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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FinTech

Yango Group Set to Boost SME Growth in Africa with Investment in Kenyan’s Fintech Platform Zanifu 

AMA PRESS RELEASE Yango Group, a UAE-based tech company, has announced a new investment in Zanifu, a  Kenyan fintech platform that provides access to working capital for small and medium-sized enterprises (SMEs). In addition to funding, Yango Group will support Zanifu in shaping its long-term business structure and growth strategy-drawing on the Group’s operational experience […]

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Group Chief Executive Officer, First Bank of Nigeria Limited, Olusegun Alebiosu (second from left) and Mr Babangida Hussaini commissioning of FirstBank Digital Xperience Centre in Abuja.
 News

FirstBank Nigeria Lights-up  Abuja Digital Lifestyle with New  Innovative Self-service Xperience Centre 

FirstBank, the West African premier financial institution and financial inclusion services provider, has reaffirmed its commitment to driving digital transformation in the banking sector with the commissioning of its 7th fully automated branch, the FirstBank Digital Xperience Centre (DXC) at Area 10, Garki Abuja. The Centre is designed to deliver seamless, paperless, and customer-driven financial services across […]

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FinTech
  • September 30, 2025

European Regulation & FedNow Impact to Push Global nstant Payments Over $110trl  by 2029

Instant payments will surpass the $100 trillion mark in 2029; up from $60 trillion in 2025. This represents substantial growth of 84% over just four years. The Juniper Research said this rapid rise will be driven by two major trends: the increasing adoption of instant payments in Europe, driven by regulation, and the rising usage […]

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