For decades, Nigeria’s credit system posed significant challenges for small businesses and low-income earners, who often struggled to qualify for loans. Traditional banks demanded collaterals, guarantors, and endless paperwork, effectively shutting out a large portion of the population working in the informal economy. FirstBank’s digital lending model flipped the script. With the launch of its […]
Read MoreBitcoin has surged to fresh record highs this week, trading above $123,000 and pushing further past July’s peak as momentum from institutional buying, corporate treasury adoption, US policy support, and sovereign-level gains continues to build. The move strengthens global financial advisory giant deVere Group’s projection that Bitcoin could hit $150,000 before the end of 2025. The world’s […]
Read MoreThe global cross-border B2B transactions will reach 18.3 billion in 2030; up from 16.3 billion in 2025. This 13% growth will be driven by increased globalisation despite tariffs, as well as new payment types such as stablecoins reducing payments barriers. According to Juniper Research forecasts, cross-border B2B transactions will be resilient in the face of […]
Read MoreA former staff based in the United Kingdom has dragged unicorn firm, Moniepoint to court over failed contract obligation demanding that his money worth over $889,000 be paid. The Story.. When Damilola Ajiboye joined Moniepoint, formerly called TeamApt, with the promise of stock options after working for five years, he never expected that he’d be […]
Read MoreAfrica’s Global Bank, United Bank for Africa (UBA) Plc, is celebrating a decade of impactful digital transformation through its strategic partnership with leading fintech firm, VERiCASH. The collaboration, which birthed the award-winning UBA Mobile App, has revolutionised digital banking across the continent – delivering seamless, secure, and user-friendly experiences to millions of customers. To commemorate […]
Read MoreFirstBank, a financial institution and provider of financial inclusion services in West Africa, announces the achievement of ₦1 trillion in cumulative instant digital loan disbursements. This accomplishment further consolidates the Bank’s reputation for innovation, leadership in financial inclusion, and commitment to customer empowerment within. Since its inaugural digital loan in August 2019, FirstBank has developed […]
Read MoreExperts in fintech and payments markets, found the value of contactless payment transactions will grow by 106% from $7.7 trillion in 2025. According to Juniper Research, the fastest growing contactless payment mechanism driving this expansion is Near-field Communication (NFC) ticketing; projected to grow by 300% over the next five years. NFC ticketing enables quick tap-in, […]
Read MoreSmartCash Payment Service Bank, a subsidiary of Airtel Nigeria, has made a strategic partnership with Leadway Assurance to offer Smartcash users an effortless access to Leadway’s mobile-friendly motor insurance service. The new offering provides a convenient and affordable way for motorists to stay protected and compliant with national insurance requirements. With this collaboration, new and […]
Read MoreAXIAN Telecom has acquired an 8% stake in pan-African e-commerce company Jumia Technologies, citing the platform’s fintech and logistics strengths as key drivers of its backing. This marks the first major telecom investment in Jumia since MTN Group’s exit in 2020. AXIAN, a fast-growing telecom and digital services provider with operations across Africa, disclosed the […]
Read MoreFirstmonie Agent Credit Scheme is a FirstBank’s digital lending solution designed to empower a wide range of low-income individuals who face barriers in accessing traditional credit channels. This innovative program offers financial support to Firstmonie Point-Of- Sale agents by enabling them to overcome liquidity challenges and capitalize on new opportunities without disruption in business due […]
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