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.
Revolutionizing Payments in Kenya: Interswitch and Tuma Launch Tumatap
Tumatap, a contactless payment solution, is introduced in Kenya through a partnership between Interswitch and Elie Technologies. The system converts smartphones into POS terminals, eliminating the need for additional hardware.
OPay Secures Court Approval to Freeze Accounts After ₦714 Million Discrepancy
Chinese-owned fintech behemoth OPay has been granted permission to freeze customer accounts across thirty banks. OPay is trying to retrieve ₦714 million that was mistakenly credited to customers due to a system malfunction.
UNDP to raise $1 billion to plant startup hubs across Africa
The UNDP plans to raise $1 billion to build technology hubs in Africa to support startup innovation. The first hub will launch in Lagos, Nigeria, with others to follow in different African cities.
Cracking the code: TCVP's Olufemi Oyinsan on navigating Africa's tech startup landscape
Okada ban in Lagos Currency redesign in 2020 and 2023
