Category: Fintech
Sabipay, Pesapal’s Zambian arm, gets an e-payments license from the Bank of Zambia
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The Bank of Zambia has granted Sabipay Technologies, a subsidiary of Pesapal Limited, a Payments System Business licence,…
First Bank sacks 100+ employees after ₦40bn fraud, freezes their accounts
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In July 2024, First Bank terminated over 100 employees following the discovery of a massive ₦40 billion fraud…
Shago Payments and Fidelity Bank’s ₦811 million chargeback dispute
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A chargeback disagreement has led Shago Payments, a fintech startup owned by B2B e-commerce platform Alerzo, to sue…
UBA tops Nigeria’s most visited banking websites
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The accessibility of online banking has led to an increase in some banks’ digital channels. Using 2.36 million…
Flutterwave acquires Ghana PSP license after expanding into Mozambique
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The Bank of Ghana has awarded the Nigerian fintech company Flutterwave a Payment Service Provider licence (Enhanced Category).…
Kenyan Banks Scrap ATMs Amidst Digital Banking Growth
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The monthly cost for Kenyan banks to operate a single ATM is more than $900, and this expense…
NOVA Bank pledges unmatched PHYGITAL banking experience for Nigerians
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NOVA Bank Limited, formerly NOVA Merchant Bank, has officially commenced operations as a national commercial bank. With the…
Risevest acquires fintech company Hisa to enter Kenya
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The Kenyan fintech firm Hisa, which allows users to purchase US equities, is apparently in the process of…
Mercury Bank now restricts accounts for Nigerians
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Mercury, a US bank that works with startups worldwide, has told Nigerian company founders whose accounts it closed…
Wema Bank offers AlatPay to Ease Instant Payments for SMEs
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The leading Nigerian bank, Wema Bank, has introduced AlatPay, an instantaneous digital payment solution, to assist small and…
