Africa's Tech Future, Today.
[[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
African fintech company Grey has launched Paycheck, an automated payroll solution designed for businesses employing international and remote talent. Building on its existing cross-border consumer payment platform, the new tool aims to accelerate user growth beyond three million accounts.
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.
Bolt Plus costs KSh 899 a year in Kenya, against KSh 2,800 for Uber One. What subscribers get, how it compares with Glovo Prime and why Bolt is pricing so low.
Fuliza ya Pochi gives Pochi la Biashara merchants an M-Pesa overdraft to pay suppliers and bills. Who qualifies, how repayment works and what to check first.
The Vodacom Safaricom stake case is back before Kenya's Court of Appeal on 23 October. Here is what the orders say, what could change and who is affected.
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.
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.
Faced with high app acquisition costs and low retention rates, founder Emmanuel Obiechina pivoted away from standalone mobile apps. By launching Kure, he built a banking service operating directly within messaging platforms like WhatsApp and Telegram.
The Airtel Money Global Pay Card, a Mastercard virtual card, is coming to Kenya. Here is how it compares with M-Pesa GlobalPay and what users should watch for.
Paystack six years after Stripe is no longer just a payment gateway. It now has a microfinance bank, a lending plan and a new parent called The Stack Group.
Proposed amendments to Kenya's payment system regulations seek to give the Central Bank direct oversight over significant equity investments in payment firms. While the reforms aim to enhance market stability and compliance, required regulatory approvals could lengthen fundraising cycles for growing startups.
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