For years, Africa’s digital payments conversation has largely revolved around fintech startups, mobile money, and cross-border payment platforms. Yet behind millions of everyday transactions, one payments infrastructure player has been steadily expanding its footprint across the continent and beyond. With more than 100 million cards now issued, Verve is strengthening its position as one of
LAGOS, Nigeria — Despite Nigerians spending more than half of their income on food, only 1% of that spending currently happens online. That startling gap has become one of the biggest growth opportunities in Nigeria’s digital economy, according to executives at Glovo, who say the next phase of commerce growth will be driven by bringing
Nigeria’s fuel stations may be on the verge of becoming one of the country’s most unexpected fintech growth opportunities. As digital payments continue to reshape how Nigerians transact, a new transformation is emerging beyond banking apps and ecommerce platforms, one that could redefine how fuel stations operate and generate value. At the NNPC Retail Business
Flutterwave promotes 25 percent of its workforce as the African fintech giant doubles down on talent retention, signaling a new phase of competition for skilled workers across the continent’s financial technology sector. The Nigerian payments company Flutterwave, which recently acquired a microfinance banking licence in April, has promoted over 100 employees globally and rolled out
Remittance apps are quietly replacing traditional banks for Africans abroad, and the shift is being driven by one thing: frustration. For millions of Africans living in Europe and the UK, sending money home is no longer just about transfers. It is about speed, trust, transparency, and survival. Families across Nigeria, Kenya, and Ghana depend on
Mastercard and BMONI are betting that Nigerians want more control over how they spend, save and transact globally and they are doing it through instant virtual and physical payment cards. In a move that signals the next phase of digital payments in Nigeria, Mastercard has partnered with BMONI, an AI powered financial platform, to launch
African insurers are emerging as the fastest climbers in the continent’s digital transformation race, even as fintechs maintain their lead, signalling a decisive shift in Africa’s financial services sector from rapid growth to operational efficiency and profitability. According to the African Financial Industry Report released by Deloitte in collaboration with the Africa Financial Summit (AFIS),
Flutterwave, Africa’s largest payments infrastructure startup, is taking another decisive step in reshaping how money moves across the continent. The company has partnered with blockchain infrastructure provider Turnkey and AI-powered global banking platform Nuvion to introduce stablecoin africa balances for merchants and users across its platform. The new capability allows Flutterwave users to hold and
In a bold move to revolutionize the way Nigerian businesses operate, Paga Group has officially launched Doroki — a cloud-based platform designed to solve the real, everyday challenges faced by small and medium-sized enterprises (SMEs). Unveiled at a media launch event on June 19, 2025, at Radisson Blu, Victoria Island, Doroki is more than just
As Nigeria’s digital economy continues its rapid expansion, payments giant Network International is turning its focus beyond urban centres, working to plug long-standing gaps in financial inclusion across rural communities. In a recent report by The PUNCH, the Dubai-headquartered firm, which operates in over 50 countries, described Nigeria as a “strategic hub” for its African