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MILESTONE | Chipper Cash Becomes the Largest Provider of Virtual Cards in Africa as it Expands Partnership with VISA
Chipper Cash expands its partnership with VISA to enhance card issuance and collaboration in regulatory areas. This move supports their mission for financial inclusivity, building on their history with VISA since 2021 and recent successes in the market.
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Airtel Kenya Completes Separation of Mobile Money Operations, Says Central Bank of Kenya
Airtel Kenya has successfully separated its mobile money business, Airtel Money Kenya Limited, from its telecommunications operations, enhancing service delivery and governance. This follows a transition initiated in 2022, as part of CBK's broader strategy to improve payment systems in Kenya.
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STABLECOINS | A principal fintech africana, NALA, faz parceria com a Noah para lançar uma rede de liquidação de stablecoins em plataformas reguladas
Um marco importante nos pagamentos apoiados por stablecoins foi alcançado após a Noah – um fornecedor de infraestrutura de pagamentos global – e a NALA – uma fintech de mercados emergentes – anunciarem uma parceria estratégica para lançar uma nova rede de liquidação transfronteiriça que utiliza stablecoins para tornar os pagamentos internacionais
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LIST | A Look at the 10 Startups Selected as Semi Finalists for Milken-Motsepe Prize in Fintech – One is an African Crypto Remittance Provider
The Milken Institute and the Motsepe Foundation recently announced the 10 semi – finalist teams advancing to the Semi-finals Round of the Milken-Motsepe Prize in Fintech, with each team receiving $100,000 in funding.
According to a press release, the prize supports innovative solutions to expand ac
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REGULATION | South African Financial Regulator, FSCA, Opens Investigations into Online Trading Platform, Banxso
The FSCA is investigating potential violations of financial sector laws by the online trading platform Banxso, which is registered as a Category I financial services provider.
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IDENTITY | South Africa Revenue Service (SARS) Working on Integrated Digital Identity, Visas for Citizens for Tax Assessments in Seconds
SARS, in partnership with the Reserve Bank and Home Affairs, is developing a digital identity to streamline South Africa's identification system. This initiative aims to enhance efficiency and security while reducing fraud, akin to similar efforts in Kenya and Nigeria.
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FINTECH AFRICA | Carbon CEO Announces Shut-Down of Debit Card Operations in Nigeria
Nigerian fintech Carbon has discontinued its debit card services two years post-launch. Co-Founder Ngozi Dozie expresses uncertainty about the strategy of neobanks pushing card services, questioning if it was wise for all involved or just a matter of bad luck for Carbon.
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WeChat to Integrate the e-CNY Digital Yuan as CBDC Transactions Cross 100 Billion
China's digital yuan had over 100 billion transactions by August 2022 and launched a mobile app in September for use in 23 cities. Integrating with platforms like WeChat and Alibaba enhances its accessibility, expanding the pilot program for wider adoption.
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BITCOIN | Standard Chartered Predicts Bitcoin to Reach $200,000 by 2025, Thanks to ETFs
Standard Chartered predicts Bitcoin could reach nearly $200,000 by the end of 2025, driven by the success of U.S. Bitcoin ETFs. An influx of $50-100 billion from these funds and the upcoming halving are key factors in this forecast.
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