Tap, pay, go: CashAfrica wants to make payments easy, but first it must change customer behaviour
CashAfrica launched in 2023 to provide contactless payment solutions. The fintech has processed ₦1 billion from B2C customers using its Cash Mobile app.
YC-backed Prospa is unable to process withdrawals for the second time in 5 months
Persistent delays in processing customer withdrawals have led to complaints and social media callouts for Prospa. Customers have experienced similar delays in the past, with service downtime impacting transaction speeds.
Nigerian fintechs rush to reassure users as misinformation spreads over regulatory clampdown
Nigerian fintechs such as OPay, PalmPay, and PiggyVest’s Pocket App each operate with a mobile money license. Paystack announced its partnership with Titan Trust Bank to offer virtual accounts and terminals allowing merchants to accept payments with bank transfers.
Exclusive: Paystack deepens its payment play with direct debit
Paystack is launching a direct debit product that will allow Nigerian businesses to charge customers’ bank accounts directly. Direct debits are useful for recurring payment activities and can reduce costs related to card transactions.
