In 2019, Meta CEO Mark Zuckerberg said it was time to simplify money movement and make sending money to someone as easy as sending a...
Nigeria’s securities regulator says a company called Binance Nigeria Limited is operating illegally in the country. Binance, the world’s largest cryptocurrency exchange, tells PYMNTS this...
Each country implementing real-time payment methods has to balance various factors, including its banked population, the current favored payment schemes of the populace and penetration...
Nigeria-based B2B eCommerce firm Sabi has raised $38 million in Series B funding. This funding round values the company at $300 million, TechCrunch reported Friday (May 19). Sabi...
Nigerian mobile companies are reportedly halting text services to banks over a $259 million bill. The firms are set to disconnect the Unstructured Supplementary Service...
Nigeria’s Nomba has raised $30 million to move payments from the “generic” to the specific. “Despite the growth in digital payments across Africa, most businesses...
The move to ban cash withdrawals from government accounts in Nigeria in an attempt to digitize its economy has been a “massive hindrance” to the...
A cash shortage in Nigeria has made the country’s digital currency much more popular. The value of eNaria transactions has jumped 63% to 22 billion...
Open banking is now live in Nigeria, the first country to adopt open banking regulations in the Africa region. The operational guidelines to kickstart the...