Mastercard’s direct bank payment with Mono may boost the Nigerian startup in its race to profitability
Mastercard partners with Mono to enable payments directly into bank accounts without cards or USSD codes. Mono expects to achieve profitability by scaling the adoption of its open finance tools.
Open banking can change Nigeria’s financial industry. Why is the CBN stalling on it?
Nigeria became the first African country to adopt open banking last year. Open banking can improve lending by providing fintechs with data to assess creditworthiness and create credit scores for Nigerians.
Japan’s SBI Holdings commits $40M to anchor Novastar Ventures’ future funds
SBI Holdings makes a $40 million commitment to Novastar Ventures. SBI Holdings will take a minority stake in Novastar and get a non-executive seat on its board.
