TerraPay has partnered with Ant International’s Alipay+ to enable users of selected African digital wallets to make cross-border payments at more than 150 million merchants worldwide. The partnership connects TerraPay’s Xend wallet interoperability network with the Alipay+ ecosystem, allowing digital wallet providers connected to Xend to extend their customers’ payment capabilities beyond their home markets.
Nigerian fintech Nomba has secured a US$3 million debt facility as it looks to more than double its monthly cross border payment volumes from US$480 million to US$1 billion, with expansion into more African markets starting with the Democratic Republic of Congo (DRC). The facility, obtained through CardinalStone Finance Company Limited, will provide Nomba with
A $25,000 tuition payment to New York University became the experience that pushed Louis Otaesiri to rethink how people make foreign exchange decisions. After using a peer to peer currency exchange between Nigerians in the US and Nigeria, Otaesiri discovered that paying through a commercial bank at the official Central Bank of Nigeria rate would
Nigerian fintech infrastructure company Creditchek is expanding into East Africa after acquiring Ugandan core banking software startup Algosys, in a move that could broaden its role in the region’s lending ecosystem. The acquisition gives Creditchek a direct presence in Uganda and combines its credit, income and identity intelligence infrastructure with Algosys’ core banking technology and
Ghana’s rapidly expanding digital payments market is attracting deeper investment from global fintech infrastructure providers, with dLocal Ghana securing an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana. The licence gives the Uruguayan payments company greater control over its operations in Ghana, allowing its local subsidiary to provide payment collections, merchant acquisition,
For Nigerian families sending children to study in Canada, paying tuition can become almost as challenging as securing admission, with exchange rate movements, documentation and cross border payment processes adding pressure to an already expensive process. Canadian cross border payment platform Nefer is looking to simplify that process by allowing eligible Nigerians to convert naira
Grey, the Y Combinator backed cross border fintech, is expanding its international payments offering with Chinese yuan payouts, giving African businesses and individuals a new way to pay directly into bank accounts in China using their existing USD, EUR, GBP and stablecoin balances. The move comes as China continues to play a major role in
As more Nigerians turn to paid AI tools such as ChatGPT and Claude for work, business, and productivity, the question is no longer just which AI platform to use, but how to pay for it. Cardsoon is taking centre stage in this growing payment conversation with its virtual dollar card, giving Nigerian users another way
For millions of Nigerians, digital finance is no longer new. It is how salaries are received, bills are paid, businesses collect money, and families send funds across cities. But as more of everyday money moves online, one question continues to shape how people choose financial platforms: Can I trust it with my money? That question
The Federal Government of Nigeria has opened a $110 million iDICE debt financing window for Nigerian technology and creative businesses, giving eligible startups access to structured funding to expand operations, acquire productive assets, and reach new markets. The financing is being delivered through two facilities launched by the Bank of Industry (BOI), the implementing agency