A Nigerian multinational commercial bank, recently expanded into Kenya through acquisition.
Interswitch says more banks are ready for tap-to-pay, but consumers need convincing
Interswitch identifies consumer education as the primary barrier to mainstream tap-to-pay adoption in Nigeria. Mastercard and Interswitch launched Google Pay in Nigeria, allowing eligible users to add cards to Google Wallet.
The hurdles facing contactless payment adoption across Nigeria
CashAfrica announced a partnership with Food Concepts to introduce mobile tap-to-pay across Chicken Republic's 350 outlets. The Cowry card, operated by Touch and Pay Technologies, has over 300,000 active users and has processed 56 million transactions.
CBK clears Nedbank’s 66% NCBA acquisition as the South African bank prepares to take control
The Central Bank of Kenya approved Nedbank's acquisition of up to 66% of NCBA Group on August 28, 2026. The acquisition is valued at KSh116.3 billion (US$855.82 million), marking a significant investment in the Kenyan banking sector.
DA MP’s fintech denies clients were kept in the dark
Kastelo is being investigated by the South African Reserve Bank for alleged exchange control violations. The Reserve Bank claims Kastelo circumvented exchange controls by using clients' allowances to externalize funds.
Why more Lesotho migrant workers are choosing fintechs to send money home
Mampe Seema began using Mukuru for remittances after facing difficulties with traditional banking. An estimated 400,000 Basotho migrants in South Africa are increasingly using fintechs for cross-border payments.
