JumiaPay appoints ex-PalmPay executive as new MD to revive the troubled fintech
JumiaPay appoints Anthony Mbagwu as Managing Director in Nigeria. JumiaPay has been struggling with operational losses.
Jumia hires ex-PalmPay manager, Anthony Mbagwu, to head its Nigerian fintech subsidiary
Jumia appointed Anthony Mbagwu as the managing director of JumiaPay. Mbagwu joins from rival fintech PalmPay.
7 questions about Zone's blockchain-powered PoS payment gateway and what makes it special
Zone launched Africa's first decentralised PoS payment gateway. The gateway promises speed, frictionless payment, and reduced chargeback and fraud.
The Clash Between Nigeria’s Banks & Fintech Upstarts Over Fraud Continues To Escalate
Wema Bank suspends fintech partners from its payment gateway platform to combat fraud. Reported losses to fraud in the fintech industry amount to NGN 685 M in 2023.
Wema Bank removes and suspends seven fintech partners for fraudulent activities
Wema Bank removes and suspends fintech partners from its payment gateway platform due to fraudulent activity. The bank reported a loss of ₦685 million (~$595,000) due to fraud and forgery in 2023 and launched an anti-fraud campaign.
