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Less than 0.5% of Nigerians are Using the eNaira One Year Later
One million Nigerians downloaded the eNaira wallet in its first year, with 700,000 transactions worth $18.3 million reported. However, some residents criticize late sensitization efforts, while experts attribute slow adoption to bank apathy and competition from mobile banking apps.
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FUNDING | UK Fintech, ZEPZ (Formerly WorldRemit), Raises $267 Million to Pursue Expansion in Core African Markets
ZEPZ, the parent company of Sendwave, raised $267 million to expand in Africa and beyond. Founded by Ismail Ahmed, ZEPZ became the UK's first black-founded fintech unicorn in 2021. The firm is exploring growth opportunities in a fragmented remittance market.
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CALL FOR APPLICATIONS | Participate in a Lightning Network Pilot to Send Money from Nigeria to South Africa
Orange, a B2B SaaS company, invites businesses to pilot its Lightning network-powered cross-border payment solution, enabling instant transfers from Nigeria to South African accounts at just 0.75%. Interested participants can reach out for more details.
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NORTH AFRICA | Tunisia’s Dar Blockchain Announces Partnership with HashGraph Association to Develop MENA Web3 Ecosystem
Dar blockchain, a Tunisian Web3 company, has entered into a partnership with the Hashgraph Association, a non-profit organization dedicated to promoting the widespread adoption of the Hedera Network among the youth.

“By providing training sessions that dive into the Hedera Network, and setting u
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FINTECH AFRICA | Peach Payments Acquires Senegalese Fintech, PayDunya, Following its Daily 70K Transactions in Francophone Africa
South African fintech startup, Peach Payments, has expanded into the Francophone Africa region through the acquisition of Senegalese fintech, PayDunya.

The Dakar-based fintech, PayDunya, started operations in 2015 after the Founder, Aziz Yérima, realised in 2013 that there were no options to in
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LIST | Morrocon Fintech, Joro Cash, Takes ‘Best Fintech Award’ at the 2024 AfricArena Grand Summit
Morrocan startup, Joro Cash, was announced winner of the Best Fintech Startup Award at the just concluded 2024 AfricArena Grand Summit held in Cape Town, South Africa.
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Human Rights Foundation Announces Latest Bitcoin Development Fund Recipients Globally – 3 Out of the 13 are African
The Human Rights Foundation’s Bitcoin Development Fund has announced a new set of grants to go out across the globe to support builders in the industry.
According to the announcement sent to Bitcoin Magazine, ‘Areas of focus include Latin America, Africa, the Middle East, Eastern Europe, and
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Tipitek is Expanding the Capabilities for its Clients
Tipitek is a structural division of Cryptoves LLP with its own high-speed, reliable, and modern cryptocurrency platform. Since its launch, the entire Tipitek ecosystem has been continuously evolving, providing a reliable platform for working in the crypto industry. While there were previous
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PARTNERSHIP | Yellow Card and LightSpark Partner to Bring Universal Money Address (UMA) to African Businesses and Consumers
Yellow Card has partnered with Lightspark to enable cross-border payments across 20 African countries via its Payments API, introducing Universal Money Addresses for easier transactions. This aims to enhance financial freedom and access to digital assets in Africa.
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UMA-1,14%
BTC1,85%
PYUSD0,07%
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CBDC | Blockchain Solutions Platform, Gluwa, Meets Vice President of Ghana as it Explores Providing Adoption Support for the eCedi CBDC
Gluwa's CEO, Tae Oh, met Ghana's Vice President to discuss tech solutions for financial inclusivity, focusing on the country's CBDC development and a satellite-based ISP to enhance digital access. Gluwa is also collaborating on Nigeria's eNaira and exploring a CBDC for Liberia.
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REGULATION | African Crypto and Stablecoin On/Off-Ramp, Yellow Card, Files for Regulatory Approval in Nigeria
Yellow Card is seeking regulatory approval from Nigeria's SEC via the Accelerated Regulatory Incubation Programme. The company aims to establish robust compliance while expanding its services following a successful funding round, positioning Nigeria as a leader in crypto regulations.
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PARTNERSHIP | Jambo and PixelVerse Unite to Bridge Web3 Gaming and Mobile Access in Emerging Markets
Jambo, the pioneering force behind Web3 mobile infrastructure aimed at empowering emerging markets, has announced a strategic collaboration with PixelVerse, a trailblazing Telegram-based gaming platform that has engaged over 100 million visitors with its unique Web3 game. This partnership
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Ayoba, an African Super App, Hits Major Milestone of 20 Million Monthly Active Users – A 100% Growth in One Year
MTN's Ayoba app has achieved 20 million monthly active users in December 2022, doubling its user base from the previous year. The app offers messaging, voice and video calls, and over 100 content channels, emphasizing local content. Ayoba aims for 100 million users by 2025.
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