Nigeria has reportedly charged Binance and two of the cryptocurrency exchange’s executives with tax evasion. The charges come with a dramatic wrinkle, as one of those executives, who had been detained by the government last month, has apparently fled the country, Bloomberg News reported Monday (March 25). According...
Hiring and payroll platform Deel is set to acquire payroll and HR firm PaySpace. “Our team looked at many global payroll players, and PaySpace emerged as the best of the best,” Deel Co-founder and CEO Alex Bouaziz said in a company blog post Tuesday (March 5). Operating in 44 countries across the...
Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. With this partnership, Mastercard’s technology will support MTN’s FinTech platform, which has 290 million subscribers and 60 million active monthly MTN Mobile Money (MTN MoMo) wallets,...
Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup. The funding round could total between $75 million and $100 million and lift Moove’s value from its current $650 million to about $750 million, Bloomberg reported Friday...
November 20, 2023
Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16 hubs before the payment reaches the last mile, said Jess Anuna, founder and CEO of Klasha, a global cross-border payments company. This example illustrates the persistently sluggish, costly and fragmented […]
July 06, 2023
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 photo. However, what that statement,...
May 10, 2023
An estimated $5 billion is lost annually in intra-African trade. And apart from the high trade costs associated with operating in a highly fragmented region, Terence Naidu, founder and CEO...
March 27, 2023
As the global banking and financial services sector take stock after the collapse of Silicon Valley Bank (SVB), there are many lessons to be learned, said Maurizio Caio, founder and...
April 09, 2024
Blockchain.com and MetaMask partnered to enable seamless and secure cryptocurrency payments. The new partnership includes an integration of Blockchain.com’s crypto payment solution, Blockchain.com Pay, with MetaMask’s self-custodial platform, the companies said in a Tuesday (April 9) press release. The integration is currently live in the United Kingdom and the European Union and will expand next to West Africa, according to […]
March 25, 2024
Nigeria has reportedly charged Binance and two of the cryptocurrency exchange’s executives with tax evasion. The charges come with a dramatic wrinkle, as one of those executives, who had been detained by the...
March 05, 2024
Hiring and payroll platform Deel is set to acquire payroll and HR firm PaySpace. “Our team looked at many global payroll players, and PaySpace emerged as the best of the best,” Deel Co-founder and CEO Alex...
March 01, 2024
Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. With this partnership, Mastercard’s technology will support MTN’s FinTech platform, which...
