Africa's Tech Future, Today.
African payments technology firm Interswitch reports that bank infrastructure for contactless transactions is established across Nigeria. However, convincing consumers to adopt tap-to-pay over traditional cards and mobile transfers remains the primary barrier to nationwide usage.
Traditional commercial lenders must embed financial services directly into everyday consumer transactions to remain competitive alongside digital platforms. Speaking at Moonshot by TechCabal in Lagos, industry leaders from Access Holdings and OPay argued that future banking success relies on making core financial infrastructure seamless and invisible.
[[Title]] Flutterwave CEO Explains Why African Fintechs Are Seeking Banking Licences [[Excerpt]] African financial technology companies are increasingly acquiring microfinance and commercial banking licences to deepen customer relationships and secure direct settlement capabilities. According to Flutterwave chief executive Olugbenga Agboola, transitioning into licensed deposit-taking institutions
Cross-border payments in Africa need $120 million and a binding AU protocol to work, says an AfricaNenda study. Here is the plan and which blocs go first.
Meta's AI Academy Kenya pitchathon named 10 startups, from offline triage to Kiswahili AI and eTIMS tax tools. Two winners get $5,000 and an Istanbul pitch.
Financial advisory firm Bard Santner has secured a microfinance banking licence from the Reserve Bank of Zimbabwe, aiming to convert cross-border diaspora remittance inflows into long-term savings and credit products. The strategic shift seeks to capture non-resident financial flows and build formal banking relationships with Zimbabweans abroad.
BPE website backups holding database credentials sat in a public folder for days, a researcher says. What was exposed and what Nigeria's privatisation agency must do.
The NCC device checker now screens new phones before they join Nigerian networks. Here is how *315# works, who is exempt, and why importers carry the burden.
Cryptocurrency exchange Roqqu is preparing to tokenise shares listed on the Nigerian Exchange. By creating digital representations of real-world equity assets on blockchain infrastructure, the platform aims to enable fractional share ownership and expand retail investor participation across West Africa.
EFInA data reveals that formal financial inclusion in Nigeria has reached 73 per cent, with 87.2 million adults onboarded. However, formal credit access remains constrained, reaching only 12 million adults as high borrowing costs and strict underwriting requirements persist.
Ghana's digital services tax is now collected by banks at the point of payment. What the 20% covers, why GRA says it is not new, and what it means for startups.
The SARB has formally appointed Wise as a Category Two forex dealer. What the Wise South Africa licence allows, what it leaves open and why it matters.
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