Central Bank of Kenya Grants Licences to 7 New Digital Credit Providers
While some applicants have received licences, others are still in the process, needing to submit additional documentation.
Mama Money Joins Forces with Access Bank and Paymentology to Launch WhatsApp-Powered Bank Card
With the new Mama Money Card, users can transfer payments internationally, buy electricity and airtime, download bank statements, check their balance, and manage their accounts—all through WhatsApp.
Nigeria’s Central Bank Expands Forex Access for Money Transfer Operators
The CBN has been implementing significant reforms, including allowing the naira to trade freely against the dollar and unifying the exchange rates.
Flutterwave Cuts 3% of Workforce to Focus on Enterprise and Remittance
The layoffs were announced during a town hall meeting on Monday, according to sources familiar with the matter. These roles were linked to products that Flutterwave has decided to discontinue.
CBN Fully Reinstates Eyowo’s License
The company had faced major challenges in 2023, with rumours of shutdowns.
Nigerian Fintech Carbon Halts Debit Card Service Nearly Three Years After Launch
Carbon introduced its debit cards in August 2021, calling it a significant move in transitioning from Nigeria’s largest digital lender to a microfinance bank licensed by the Central Bank of Nigeria (CBN).
Sanlam to Acquire 60% Stake in MultiChoice’s Insurance Business
Sanlam will pay MultiChoice R1.2 billion upfront, with a potential bonus of up to R1.5 billion based on how well NMSIS performs by the end of 2026.
Kenya to Grant Payment Licenses: Flutterwave and Chipper Cash Poised to Lead
Companies like Flutterwave and Chipper Cash are eagerly awaiting these licences.
CBN Lifts Ban on New Account Openings for OPay, Moniepoint, and Others
The ban's removal suggests that these fintechs have now met the CBN’s KYC standards.
Flutterwave Secures Key Payment Licence in Mozambique Amid Security Concerns
Despite these challenges, Flutterwave is pushing forward with its expansion into southeastern Africa.