July 17, 2026

Fintech

Fintech

The Fintech Boardroom Is Still a Boys’ Club. CapitalSage Is Pushing Back

At a moment when fewer than 6% of fintech CEOs globally are women and funding to female-led African startups remains below 10%, CapitalSage Technology’s new internal mentorship programme is either a bold statement of intent — or proof that the pipeline problem starts much earlier than anyone admits. When CapitalSage Technology gathered its employees and

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SASSA Raises Grants in April — But Its New Digital System Is Quietly Removing Thousands

For roughly 18 million South Africans who depend on social grants to survive, April 1, 2026 brings rare good news: the South African Social Security Agency (SASSA) is raising nearly all its permanent grants for the first time in the new financial year. But this increase comes wrapped in a warning — SASSA’s upgraded digital verification systems

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FairMoney Taps Ex-FirstBank Leaders to Power Its Banking Ambitions

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

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Africa’s Next Fintech Crisis: Real Users, Stolen Faces, and AI-Powered Account Takeovers

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

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Verve’s East Africa Bet: A New Battle for Africa’s Payment Rails

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

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Fintech

M-Pesa Just Closed a Major Scam Loophole

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,

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Stripe Eyes PayPal in $40B Power Play

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

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Grey Enters Africa’s $1 Trillion Payments Race With ‘Grey Business’

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

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Ethiopia Just Put AI Inside Mobile Money

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,

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Velox Payments Enters UK Market, Betting on Loyalty and Structure in Africa’s Remittance Economy

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

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