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 […]
Read MoreOver 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 […]
Read MoreAs 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 […]
Read MoreMoMo 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 […]
Read MoreMoMo 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, […]
Read MorePalmPay, 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 […]
Read MoreThe 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, […]
Read MoreFirstBank, 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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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. […]
Read MoreAMA 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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