In a country where only 5% people use credit cards, OPay’s digital wallet has 40 million monthly active users. EBANX will be the first global business to leverage the wallet for subscription payments.
Paystack has launched an experimental product that lets AI chatbots pay for things on user behalf — the latest sign that Africa’s fintech giants are also racing to figure out what happens when agents, not apps, become the checkout counter.
Nigeria already moves more stablecoin volume than almost any country outside Asia. Now it’s getting an institutional backer to match the population’s crypto enthusiasm. Ripple has taken a stake in Flutterwave $3.2 billion Series E round, with plans to wire RLUSD and the XRP Ledger directly into the continent’s largest payments network.
The past two weeks have delivered a concentrated burst of banking news that, taken together, paint a revealing portrait of where the industry is heading: data-sharing frameworks are maturing into serious economic infrastructure, challenger banks are sharpening their geographic focus, and fintechs from Lagos to Idaho are trading operational workarounds for proper banking licences. Here […]
Instant payment market worth $34 billion in 2025 is on a trajectory that could see it approach $500 billion by 2034. The data from regulators and payment providers around the world tell a story of adoption that is accelerating faster than anticipated.
The Federal Republic of Nigeria has formally signed the host agreement to stage the fifth edition of the Intra‑African Trade Fair 2027 (IATF2027), which will take place in Lagos from 5 to 11 November 2027.
By linking regulated local liquidity with scalable Layer 2 blockchain infrastructure, the Quidax & Lisk partnership creates a practical bridge between Africa’s traditional financial rails and on-chain innovation, enabling developers, fintechs, and everyday users to access stablecoins, local currencies, and compliant digital asset services within a single integrated ecosystem.
Twenty‑four cities from across the globe have been named winners of the Bloomberg Philanthropies Mayors Challenge 2025–2026, each receiving $1 million in funding and expert support to implement bold new ideas aimed at improving life for residents. The winning cities were selected from more than 630 applicants representing over 35 million people across 20 countries.
PayPal is back in Nigeria after 20 years simultaneously expanding its merchant reach in the UAE. All that without opening any new offices or creating local subsidiaries. Instead, the payment leader uses strategic market partnerships that make global payments work locally.
The African Development Bank Group has approved a $500 million loan to Nigeria to finance the second phase of its Economic Governance and Energy Transition Support Programme, aimed at accelerating energy sector reforms, improving fiscal management, and fostering an investment-friendly environment across the Federation.
Combining Mastercard global network with Zenith nationwide branch and digital footprint gives the Essential Debit Card product broad merchant acceptance and the ability to work across online channels. That mix helps co-branded cards compete with other domestic card schemes and fintech rails.
A wave of innovation is sweeping across the globe, as entrepreneurs and technical wizards alike are finding ingenious ways to weave technology into the fabric of agriculture. This burgeoning field, commonly referred to as ‘Agri-tech Startups’, is blossoming with a vibrancy akin to a field of lilies in full summer bloom.
In today’s fast-paced world, financial flexibility is essential. Whether you’re dealing with unexpected expenses, investing in a new venture, or simply managing cash flow, access to online loans with monthly payments can be a game-changer.
The emerging AI landscape in Nigeria shows significant promise and rapid growth driven by a combination of entrepreneurial initiatives, educational efforts, and supportive policies. Growing interest in innovative technologies led to a significant increase in AI startups in Nigeria in the past few years.
In the fast-paced world of finance, traditional banks face competition from digital-only neobanks. Focusing on user-friendly and personalized services, neobanks are revolutionizing Nigerian banking and promoting financial inclusion.
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