American Express is rolling out a business credit card in Nigeria, its first such product in the country. The card offers business owners a spending limit of $10,000 and a repayment period of up to 45 days for international transactions, and comes as a result of...
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...
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...
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...
May 15, 2024
Block-owned TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to power cross-border payments and decentralized identity use cases, the companies said in a Tuesday (May 14) press release. “Across Africa, the challenges of currency liquidity and access to global financial systems […]
May 09, 2024
American Express is rolling out a business credit card in Nigeria, its first such product in the country. The card offers business owners a spending limit of $10,000 and a repayment...
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...
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...
