Payments
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As digital finance matures, access is no longer the benchmark. Infrastructure that supports frequent, low-value transactions is becoming central to sustained usage and economic participation.
Africa’s reliance on correspondent banking imposes a $5bn annual cost. Open payments architecture offers a structural alternative, promising faster settlement and reduced dependence on foreign intermediaries.
For decades, moving money across Africa has often taken a strange and long-winding route. A Kenyan entrepreneur paying a supplier in Ghana might see the payment leave Nairobi, pass through banks in Europe or the United States
Leveraging the 75% anticipated revenue uplift from the cashless mandate, which digitises gates, parks, lounges, and fees, post-implementation IGR could reach $271.6 million (₦364 billion) annually, assuming seamless rollout.
Nigeria’s fintech ecosystem is one of Africa’s most vibrant, with its nucleus positioned in Lagos. According to the 2024 annual data released by the Nigeria Inter-Bank Settlement System (NIBSS)…
The European Union has lifted its high-risk designation for six African countries, after years in which the listing reshaped how capital moved in and out of their economies.
The NSE will integrate M-Pesa into share trading, a move that shortens settlement cycles and positions Kenya’s leading telco as a gateway to equity markets.
Telcos, fintechs and open-finance platforms are exposing APIs that let African developers move money, verify identity and offer credit with just a few lines of code.
The CBN’s new APP fraud draft rules shift liability across Nigeria’s payment system, introducing mandatory refunds, stricter timelines and Board-level oversight.
Nigeria’s fraud problem is deeper and more systemic than most admit. This analysis explores the loopholes, collusion networks and infrastructure gaps enabling financial crime.
The proposed levy may reshape Senegal’s fast-growing payments ecosystem, with experts warning of lower digital usage, weaker agent activity and a potential return to cash.
Revolut has named ex-Mastercard executive Yacine Faqir as CEO for Morocco, deepening its North Africa push and signalling a shift toward locally led digital banking expansion.
A new fintech passport between Ghana and Rwanda lets startups expand across both markets without relicensing — a real test of Africa’s push for borderless finance.
A practical guide for fintech founders, product leads, and payments operators navigating payment switches in Nigeria
Nigeria, South Africa, Mozambique and Burkina Faso have exited the FATF grey list, marking a breakthrough for Africa’s financial credibility and a reset in the continent’s risk premium.
Cash-based merchants are driving digital transfers, but there’s an opportunity to drive credit. The tell tale signs are there.
Moniepoint’s UK expansion lays bare the real cost of global ambition for African payment firms — from million-pound compliance spend to the regulatory discipline global scale deman
Africa is often celebrated as one of the world’s most dynamic fintech frontiers. Yet despite this remarkable dynamism, Africa remains a marginal player in the global fintech market.
Zest Payments has been fined $1.89k by Nigeria’s Central Bank for late filing of its 2023 accounts, a fresh setback for the two-year-old fintech, yet to break even despite hefty capital injections.
Africa’s trade finance shortfall won’t be fixed by banks alone — embedded finance and digital liquidity platforms hold the key to inclusive, cross-border trade growth.
