Search

Interswitch rolls out tokenised tap-to-pay to enhance security and convenience for card payments.

The Finance Ministry says the World Bank's finding that debt interest reached 124% of federal revenue in H1 2026 excludes unremitted agency revenue and counts state loans, arguing the full-year ratio fell below 60% in 2025.

Ecobank Group's memorandum with China's CIPS aims to strengthen renminbi payment connectivity between China and Africa, though operational rollout details remain undisclosed.

Cross-border payment infrastructure is moving from a fintech convenience to a core layer of African trade and investment, with new analysis arguing that cheaper, faster settlement is central to unlocking the continent's growth potential.

Pan-African payments network Onafriq is winding down Baxi, its Nigerian agent banking business, after five years, citing inflation, naira depreciation, rising operating costs and the rapid growth of instant account-to-account payments.

Onafriq's wind-down of Baxi highlights a broader unit-economics crisis in Nigeria's offline agent banking model as inflation, costs and instant digital payments squeeze the business that once brought millions into the financial system.

The Nigeria Inter-Bank Settlement System has launched jPOS, a component of the National Payment Stack designed to standardise payment acceptance infrastructure across merchants and financial institutions.

eTranzact International has announced changes to its board of directors following a transition in ownership, reshaping governance at one of Nigeria's established electronic payments companies.

Central Bank Governor Olayemi Cardoso has met People's Bank of China chief Pan Gongsheng in Bangkok and plans a Beijing visit to advance cross-border payments, settlement arrangements, financial technology and trade finance between both countries.

Bank of Ghana governor Johnson Asiama says Ghana is in talks with more than 10 African countries on payments interoperability, building on pilots with Nigeria and Rwanda involving CBDCs, stablecoins and mobile wallets.

Onafriq is closing Baxi, the agent banking business it acquired in 2021, citing inflation, naira depreciation and the rise of instant account-to-account payments, while insisting it is not exiting Nigeria.

The National Bank of Ethiopia and PAPSS announced Ethiopia's entry into the continental payments network, enabling local banks to settle cross-border transactions in African currencies without routing through dollar or euro corridors.

Nigeria spent N5.28 trillion servicing domestic debt in the first half of 2026, with interest and rental payments accounting for N4.95 trillion, according to the Debt Management Office.

Ethiopia has joined the Pan-African Payment and Settlement System to cut hard currency use for intra-African trade, with Addis Ababa set to host PAPSS COWRY 2026 in November.

Standard Bank Group has signed a subscription agreement to invest in OPay, expected to close around the fintech's planned New York listing, subject to the offering and regulatory approvals.

Federal interest payments consumed 124.2% of federal revenue in the first half of 2026, a stark illustration of how debt service is squeezing out investment.

NIBSS has built its National Payment Stack on Transactility's open-source jPOS technology, gaining full source-code control of Nigeria's instant payments platform.

eTranzact has appointed five new directors after Trademarks Global Concepts acquired a 56.18% controlling stake, transferring 5.17 billion shares.

Communities hosting the Eastern Gas Pipeline Network gave PINL and NNPCL two weeks to settle three months of unpaid surveillance payments and address grievances.

OPay's US listing filing shows lending generated 50.6% of revenue in the first half of 2026, overtaking payments, as profit reached $90.9 million.

Nigeria-founded fintech Yellow Card has launched in Canada weeks after closing a $40 million funding round, as it pivots from consumer crypto trading to business-to-business stablecoin payments across emerging markets.

The mobility-finance company ended local operations after six years and said eligible drivers would make no further vehicle payments from 1 October.

Menu Category: Global Tech Europe Moves to Build a Stronger Homegrown Payments Network European payment networks are stepping up...