FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and...
Kenyan lender Credit Bank reportedly plans to raise 1 billion shillings (about $6.89 million) through an initial public offering (IPO) on the Nairobi Securities Exchange (NSE). The move would...
Nigerian payments company Flutterwave is reportedly planning to go public. In an interview with Bloomberg News published Tuesday (Aug. 22), the company’s chief executive said it is moving forward...
Kenya’s government is worried about Worldcoin, OpenAI founder Sam Altman’s identity-focused cryptocurrency. The African nation’s Ministry of the Interior suspended Worldcoin’s operations in Kenya Wednesday (Aug. 2), amid a government investigation,...
Payments infrastructure TerraPay has launched a cross-border remittance partnership with Kenyan telecommunications firm Safaricom. The collaboration, announced Wednesday (July 19), will operate through TerraPay’s remittance...
In 2019, Meta CEO Mark Zuckerberg said it was time to simplify money movement and make sending money to someone as easy as sending a...
M-KOPA has raised $250 million to expand its financial services offering across sub-Saharan Africa. The Kenya-based company will use the new debt and equity funding to...
Kenya is known as the home of mobile payment system M-Pesa, and it is also one of the few African countries to have made significant...
Real-time payment systems have become increasingly popular around the world due to the rise of digital payments and the need for faster and more efficient...