Search Results for "banks" Query

Pennee: Is it good business to lend to Nigerian SMEs?

According to Pennee, access to funding seems to be the most difficult of running a small and medium-scale enterprise (SME) in Nigeria, even when the funds are available the interest rates are usually high. “There are a lot of opportunities on the continent [Africa] but capital is very difficult to come by.” — Tony Elumelu…

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EMTECH has partnered with SEC Ghana

EMTECH, an award-winning software company and first-of-its-kind provider of central banking infrastructure, has partnered with SEC Ghana to deploy its API-First Digital Regulatory Sandbox Platform to streamline regulatory sandboxing and supervision of capital market innovation. The company’s cutting-edge framework enables the SEC, as well as other regulatory agencies and central banks, to collaborate with emerging…

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The Growth of DeFi In Africa – Why Are People Interested?

Article by Elisha Imagine a world where people in developing markets can get loans on demand, have access to high-yield investment opportunities, and move their money freely without restriction. That is the world decentralized finance (DeFi) companies in Africa envision, and they are building it. Over the past few years, several DeFi platforms have launched…

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Fintech Meets Crypto In Africa

Developing markets share several problems in common. One such problem is the inability of most people to have full access or any access at all to the financial system. For example, the unbanked have no access to the traditional system, they are unable to create accounts or use the services of banks, and the underbanked…

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VerifyMe unveils new digital Identity and consumer analytics solution for businesses

Leading identity verification and e-KYC technology company, VerifyMe Nigeria, has unveiled QoreID, a dedicated digital identity, and analytics solution for B2B.  QoreID will provide API infrastructure and data services that connect businesses to people and their information across Africa and remain a VerifyMe Nigeria company. Targeted at the medium and enterprise business segment, QoreID provides…

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Flutterwave Secures Switching and Processing License

The Central Bank of Nigeria has granted Flutterwave, an African payments technology company a Switching and Processing License (CBN)—widely regarded as CBN’s most valuable payments processing license. This license allows Flutterwave to offer customers transaction switching and card processing services. Others include non-bank acquiring, agency banking, and payment gateway services.  The Switching and Processing license allows…

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Rapid Rise of Fraud is Fuelling Interest in Liveness Detection Tech

Article by YouVerify Digital onboarding and passwordless authentication have become widely adopted, especially with the advancement of online transaction technology. However, it has also come with the downside of an increase in fraud. Despite there being KYC and AML measures, fraudsters are coming up with creative ways to beat the system, causing a rise in…

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Yellow Card announces new payment feature – Yellow Pay

Yellow Card Financial is proud to announce its new payment feature – Yellow Pay. This innovative solution will make it easier for customers to send and receive money through the Yellow Card crypto exchange platform, without any extra charges, instantly all from the comfort of their home. Oparinde Babatunde, Yellow Card Director of Operations, says one…

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Africa fintech and crypto leaders to connect at the Africa Money and DeFi Summit in Ghana this September

As the rapid growth of fintech continues and the birth of decentralised finance (DeFi) grows across Africa, leading fintechs, investors, crypto platforms, ventures and digital finance stakeholders will connect at the Africa Money & DeFi Summit – West Africa edition on September 27-28th 2022 in Accra, Ghana. Following the sold-out Money and DeFi Summit in Nairobi early this…

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Zeepay announces Series A.5 raise of USD10 million

Zeepay, a cross-border payments company operating as a challenger mobile money company has announced a raise of USD 10 million. The medium-term debt raise, which forms part of its A.5 series, comes to support Zeepay in a bid to augment its fast-growing remittance to wallet business. The raise was led by Symbiotics BV with USD…

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