A New Touch of Africa

Fintech

Nigerian fintechs urge customers not to panic after CBN freezes accounts

The Central Bank of Nigeria (CBN) after securing an injunction at Federal High Court in Abuja, freezes the accounts of four Nigerian fintech companies: Chaka; Risevest; Trove; and Bamboo; for operating as asset management companies without a licence. However, the companies urge their customers not to panic, assuring them safety of their funds as they …

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PAGA: The Next Big Thing In Africa

Eyitayo David Oviosu, simply Tayo Oviosu is the founder and CEO of Paga, a mobile payments company dealing with the digitalization of cash in emerging economies. Paga founded in 2009 now processes trillions of Naira today becoming a fintech giant from Africa spreading its wings outside the continent. With U.S. billionaire investor Tim Draper and …

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FLUTTERWAVE PARTNERS WITH PAYPAL

FLUTTERWAVE PARTNERS WITH PAYPAL TO ENHANCE PAN-AFRICAN TRANSACTIONS

Fintech company Flutterwave has teamed up with U.S. payments giant PayPal to enable the latter’s customers pay African merchants through its platform, the Africa-focused payments firm said on Tuesday. The collaboration will connect small and medium enterprises with the more than 377 million PayPal account holders globally, Flutterwave said, eliminating the barrier to cross-border commerce. …

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