Nigeria's fintech landscape sees a significant boost as OPay's valuation skyrockets, showcasing the country's growing digital payments adoption and the rise of innovative financial technology companies.

After a significant CEO departure, Cellulant, the African payments startup, reshuffles its leadership, focusing on profitability and operational excellence to navigate its growth across 13 African markets.

Get ready, Zimbabwe! Online payments are set to return as banks adapt to the country's latest currency shift. Find out how this change will impact your digital transactions! 💳

Explore how Senegal's Kori Tech is transforming payment systems in Africa with KoriPass, linking e-wallets with physical payment accessories to streamline transactions and enhance user experience.

Explore how Leatherback's collaboration with YES BANK is revolutionizing remittances by enabling seamless Indian Rupee transfers worldwide, fostering economic growth and cultural exchange between India and Africa.

Between 2018 and 2022, more than 110 million new mobile money accounts were opened in the region, including 60 million since 2021.

Congolese fintech companies are teaming up with the government to establish the Congolese Fintech Network (CFN), aiming to bolster financial inclusion and facilitate collaboration within the industry. Led by board member Joel Tshilumba, CFN seeks to foster effective communication channels with government representatives to promote mutual benefits and innovation.

Dive into the latest expansion of Tanzanian fintech startup, Nala, as it introduces a groundbreaking B2B payment platform alongside its renowned remittance services, aiming to revolutionize cross-border transactions in Africa.

Nigerian neobank Kuda, backed by Target Global, is expanding its reach globally with newly acquired payment licenses in Tanzania and Canada. These licenses will enable Kuda to offer remittance and multi-currency wallet services to Africans in both countries, tapping into the growing market of diaspora communities. Kuda's move puts it in direct competition with other neobanks targeting Africans abroad, such as LemFi and Nala.

Zone, a Nigerian fintech, revolutionizes Africa's payment landscape with its blockchain technology, attracting $8.5 million in seed funding.

Chipper Cash, a prominent fintech company, announces layoffs and salary cuts after suspending its services in the US, highlighting a strategic shift towards focusing on its African markets.

Interswitch, backed by Visa, embarks on a new phase with its merger with M-Kudi, eyeing a payment service bank (PSB) license from Nigeria's Central Bank. But what does this mean for the fintech giant and the future of banking in Nigeria?

Discover how Chams Holding Company's CEO, Mayowa Olaniyan, navigated the aftermath of a $100 million loss from a government project, leading the company to a surge in share prices. Now, with a renewed focus on consumer-centric projects, Chams is set to capitalize on the burgeoning mobile money and cross-border payments sectors, emphasizing innovation and expansion across its financial service subsidiaries.

Discover how Africa's leading fintech, Flutterwave, is reshaping its focus by closing the chapter on Barter, the virtual card service. 🔄🔒 Dive into the reasons behind this strategic decision and the company's intensified commitment to enterprise and remittance services, aiming for even greater financial impact in the market. 💼💸

MTN Nigeria bounces back, reclaiming over half of the ₦22 billion lost in a Mobile Money glitch, showcasing the challenges of fraud in Nigeria's financial sector. Despite setbacks, CEO Toriola highlights a surge in monthly active users to 5.3 million, driven by a growing ecosystem of agents and merchants.

Despite entering the US market to facilitate affordable remittances for the African diaspora, Chipper Cash's international money transfer services from the United States remain suspended since January, impacting users. Challenges, including a valuation decrease and workforce reductions, have marked the fintech's late 2022 journey.

Discover how TAP's Cowry cards have transformed Lagos commuting, offering seamless payments for buses and trains. With 3.8 million users making 500,000 daily trip payments, the contactless technology enhances travel convenience while reducing corruption in Nigeria's transport system. 🌍💸

Major gains for African crypto investors as demand for Bitcoin propels the token back to record highs.

In a significant development, Binance, the world's largest cryptocurrency exchange, is set to discontinue all its Naira services starting March 8. Amidst ongoing regulatory challenges in Nigeria, the exchange will cease Naira deposits after March 5, with withdrawals ending on March 8. Here's a quick rundown of the key details and implications for users.

Discover how Egyptian fintech powerhouse MoneyHash, armed with $4.5 million in seed funding, aims to transform digital payments in the Middle East and Africa. Despite the surge in digital payment adoption, MoneyHash addresses the region's challenges, boasting a strategic platform to empower merchants and enhance the checkout experience.

Unlocking financial inclusivity, Ugandan fintech FutureLink pioneers a community-driven marketplace, providing the unbanked access to tailored and affordable financial services. Born out of a Stanford-led transformation, the MSACCO app enables users to choose, transact, and earn dividends seamlessly, revolutionizing financial cooperatives' approach and democratizing finance. 🚀💳

Amidst the volatility of Nigeria's crypto landscape, Binance, Coinbase, and Kraken recently encountered accessibility issues, sparking concerns of regulatory interventions. This comes on the heels of Binance restricting peer-to-peer transactions, coinciding with the naira's historic decline. As the government aims to regain control over the currency's valuation, crypto users navigate uncertainties.

In a bold move, South Africa unveils plans from its 2024 budget to revolutionize digital payments, focusing on the integration of stablecoins and blockchain. The treasury's initiative aims to uplift marginalized communities, with potential policy changes and a collaborative effort with Switzerland for innovative digital payment pilot projects.

As Nigeria grapples with a currency crisis, the government eyes a fresh crypto crackdown, calling for measures against major exchanges like Binance, OctaFX, Coinbase, Kraken, and FXTM. The move, driven by concerns of currency manipulation and money laundering, raises questions about the future of cryptocurrency in the country.

In the dynamic landscape of African fintech, Miden emerges as a game-changer by slashing the card issuance time from months to weeks, aiming to drive financial inclusion. With innovative solutions and rapid growth, this Y Combinator-backed startup navigates the complexities of the virtual card space.