TL;DR, MTN MoMo generated $91.64 million (₦131.62 billion) in nine months, but 63% came from airtime lending, highlighting a need to diversify its core mobile money services. While telcos are losing the mobile money race to nimbler fintechs like OPay and PalmPay, MTN is recalibrating its strategy by focusing on quality users and ecosystem…
TL;DR, Kotani Pay’s crypto on-ramp solution secured a major investment from Tether to expand its low-cost payment rails in Africa. The platform uniquely solves the last-mile problem by allowing users to convert stablecoins to local currency via mobile money, and even offers access through a USSD code for those without internet. This partnership is a…
TL;DR, A $5.5B uganda cbdc pilot targets 40M users, 1M jobs, and up to $10B in exports via a USSD-enabled digital shilling. Unlike struggling CBDCs like Nigeria’s eNaira, Uganda’s model is “production-first,” giving citizens and industries an immediate reason to use it by integrating it into supply chains and job creation from day…
TL:DR, Pesalink processed over 8.2 million transactions but still struggles to deliver true payment interoperability across Kenya’s fragmented financial system. Kenya’s payment ecosystem is fragmented with banks, mobile money, and fintechs on separate rails, creating inefficiency and high costs for users and merchants. PesaLink’s future as a universal payment rail is uncertain, facing challenges from…
Celo Blockchain has been a leading frontier within Africa’s digital transformation journey. The platform pivots a unique intersection between the continent’s growing mobile penetration and its growing crypto adoption rate. Unlike its peers, the organization focuses on mobile blockchain payments, interacts with and supports other native blockchain payment solutions, and even Web3 startup support. This…
TLDR; ChainPal’s crypto payment gateway automatically converts digital currencies to local African currencies, eliminating complexity for merchants. AI integration analyzes transaction data to provide business insights on customer behavior and sales patterns. The platform prioritizes practical utility over cryptocurrency speculation, solving real African business problems. In Africa, utility trumps value when the question of adopting…
In Brief Stablecoin payouts via ChainPal enable near-instant conversion to mobile money and bank accounts, cutting remittance fees and settlement times. ChainPal’s AI matching engine plus enterprise security and KYC create compliant, low-cost payout rails for freelancers, builders, and SMEs. ChainPal offers professional invoices and automated payouts, reducing fees and enhancing efficiency. Stablecoin payouts have…
TL;DR, Zeepay secures $3 million equity investment from Verdant Capital Hybrid Fund, becoming the fifth institutional investor in three years. The investment will fuel expansion of mobile money and remittance services to 10 new African countries within two years. With over $3 billion in transactions settled last year, Zeepay’s latest funding highlights investor confidence in…
TL;DR, Opera MiniPay reached one million users in under five months across Nigeria, Kenya, and Ghana, enabling phone‑number stablecoin transfers with fast, sub‑cent fees on Celo. Embedded in Opera Mini, this self‑custodial wallet mimics mobile money UX to move dollar stablecoins via phone contacts—ideal for small, frequent, everyday payments. Utility meets trade‑offs: easy,…
TL;DR, Eversend fintech, a capital-efficient African payments startup, processed over $230M with just $1.2M in funding by focusing on strong unit economics, achieving a 62% gross margin and a 19:1 LTV/CAC ratio. The platform evolved from consumer remittances to essential B2B infrastructure, using stablecoins to settle cross-border payments in minutes for African businesses…
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