FairMoney Microfinance Bank is making a decisive push to evolve beyond its fintech roots, appointing two seasoned banking executives to strengthen its leadership as it scales into a full-service digital bank. The company has named Gbenga Shobo as Chairman of the Board and Debo Aderoju as Executive Director and Chief Risk Officer—moves that signal a
Africa’s fintech sector spent years building systems to stop fake identities from opening accounts. But a new threat is emerging, one where the criminals don’t need fake people at all. Instead, they are using real faces, real identities, and real accounts. In a single month in 2025, one fraud syndicate used 100 stolen facial identities
As cross-border trade within Africa accelerates, the real competition is no longer just about issuing cards — it’s about owning the rails that move money across the continent. With over 100 million cards issued, Verve is now shifting from domestic scale to continental infrastructure. Under its Destination Campaign, the African card scheme is positioning itself
For nearly two decades, every M-Pesa payment in Kenya quietly exposed one critical piece of personal data: the sender’s phone number. Whether paying for fuel, groceries, or a boda boda ride, users automatically shared their mobile numbers with recipients and merchants. That number could be stored, shared, resold — or worse, harvested for fraud. Now,
Global payments giant Stripe is reportedly exploring a takeover of PayPal — a move that could reshape the competitive dynamics of digital payments worldwide. According to Bloomberg, privately-held Stripe has expressed preliminary interest in either a full acquisition of PayPal or a deal involving some of its assets. Both companies have declined to comment on
As Africa’s cross-border payments market races toward a projected $1 trillion valuation by 2035, global fintech company Grey is staking a bold claim in the B2B arena. The company has officially launched Grey Business, a multi-currency payments platform designed to help African startups and SMEs operate internationally without the traditional friction of cross-border banking. Unveiled
In a move that could quietly redefine how artificial intelligence reaches emerging markets, M-PESA Ethiopia has partnered with Gebeya Inc. to launch the Dala AI Bundle — a subscription service that allows Ethiopians to access advanced AI creation tools and pay for them directly via mobile money. Announced in Addis Ababa on February 25, 2026,
While Valentine’s Day in the United Kingdom is marked by roses and dinner reservations, for millions of Africans in the diaspora, love often takes a more practical form: rent paid on time, school fees settled before deadlines, and medical bills handled without hesitation. On February 14, Velox Payments officially launches to the public in the
Kenya crossed a major milestone in 2025, with remittance inflows surpassing $5 billion (KES 649 billion) for the first time—making it one of the country’s top sources of foreign exchange. Yet, despite the scale and consistency of these inflows, they are largely ignored in formal credit assessments. According to the United Nations Conference on Trade
Africa’s stablecoin conversation is shifting—from speculation and retail crypto use to serious institutional treasury infrastructure. In Nairobi on Tuesday, Onafriq, the African fintech operating across 40 countries, announced a partnership with Conduit, a cross-border payments firm that leverages blockchain-based dollar tokens. The alliance signals a deeper evolution in how major African payment networks manage liquidity,