The Central Bank of Nigeria's new directive limiting daily cash disbursements to ₦1.2 million per POS agent and capping withdrawals at ₦100,000 per customer sparks concerns among POS operators, who fear increased costs and reduced business.
Kenya's mobile payments landscape is shifting as M-Pesa faces increased competition from rivals like Airtel Money and Pesalink, prompting a decline in its market dominance.
Singapore-based fintech startup Funding Societies raises $25 million from Cool Japan Fund to expand its SME lending platform across Southeast Asia, addressing the region's working capital challenges.
Digital bank Chime files confidential IPO paperwork with SEC, eyes 2025 public debut, following ServiceTitan's successful IPO
TBC Bank Uzbekistan secures $37 million in funding to develop AI-driven products, expand digital banking services, and attract more tech-savvy customers in the Central Asian nation.
Tanzania cancels charges on card payments to drive digital adoption, aiming for a cash-lite economy with improved security, transparency, and convenience.
Nigeria's digital payment landscape is undergoing a significant shift, with bank transfers and POS transactions surging in popularity, while cash and ATM transactions decline.
India's payments regulator to decide on enforcing a 30% market share cap on companies like PhonePe and Google Pay, potentially reshaping the country's digital payments landscape
WhatsApp Pay can now expand to all 500 million Indian users, marking a significant victory for Meta in its largest market and a shift in the regulator's approach to digital payments.
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