A Nigerian bank known for its innovative banking solutions and partnerships in the fintech space.
Flutterwave Partners Clear Junction to Enhance Cross-Border Payments
Flutterwave announces partnership with Clear Junction to facilitate cross-border trade payments. The collaboration enhances support for African remittance customers making payments to the UK and EU.
Flutterwave Taps Clear Junction to Boost Cross-Border Payments
Flutterwave has partnered with Clear Junction to strengthen cross-border payment services. The partnership allows for faster and more reliable money transfers from Africa to the UK and EU.
Wema Bank cuts fraud losses by 95% in 2024
Wema Bank reported a 95% reduction in fraud losses for 2024, falling to ₦29 million. The bank's profits more than doubled to ₦86 billion from ₦35 billion in 2023.
Exploring the surge in fraud in Nigeria's burgeoning fintech industry
11,532 fraud cases reported in Q2 2024, up from 11,472 in Q1. Losses from fraud increased from ₦2.9 billion in Q1 to ₦56.3 billion in Q2 2024.
Tap, pay, go: CashAfrica wants to make payments easy, but first it must change customer behaviour
CashAfrica launched in 2023 to provide contactless payment solutions. The fintech has processed ₦1 billion from B2C customers using its Cash Mobile app.
