Tanzania Scraps Card Payment Charges to Boost Digital Transactions
Tanzania cancels charges on card payments to drive digital adoption, aiming for a cash-lite economy with improved security, transparency, and convenience.
Fintech
Tech Trade Groups Sue CFPB Over Digital Payment App Regulation
NetChoice and TechNet challenge CFPB's effort to regulate digital payment apps like banks, citing arbitrary and capricious rulemaking.
TikTok Unveils Enhanced Charity Fundraising Features, Partners with Goodstack
TikTok introduces personalized charity fundraising tools, partners with Goodstack to support validated nonprofit organizations, and enhances donation stickers for creators.
Top 10 African Countries Leading in Mobile Money Regulation
African countries are making significant progress in mobile money regulation, with Ghana, Malawi, Lesotho, and Uganda emerging as top performers in the GSMA Mobile Money Regulatory Index 2024.
Union Bank of Nigeria Raises Staff Salaries by 40% to Combat Rising Cost of Living
Union Bank of Nigeria increases salaries by 40% to help employees cope with inflation, following similar moves by other Nigerian commercial banks.
Upvest Secures €100 Million Series C Funding to Expand White-Label Investment Platform
Berlin-based fintech startup Upvest raises €100 million in Series C funding to expand its white-label investment platform, used by 50 million users across Europe
Uzbekistan's TBC Bank Raises $37 Million to Boost Digital Presence and AI-Powered Products
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.
Visa Invests in African Fintech Moniepoint to Drive Financial Inclusion and SME Growth
Visa joins African fintech Moniepoint as a strategic investor, aiming to promote financial inclusion and support SME growth across Africa, with a focus on contactless payments and digital economies.
Visa Invests in Nigerian Fintech Unicorn Moniepoint to Expand African Business Services
Global payments giant Visa invests in Moniepoint, a Nigerian fintech unicorn, to enhance services for African businesses and deepen financial inclusion.
