Friday, June 12, 2026

Payments Africa News

PAYMENTS
PA News
payments

Moniepoint CEO identifies credit layering as key fintech battleground in Nigeria

As competition intensifies, lenders are building complex credit offerings on top of basic payments infrastructure.

Moniepoint's CEO has positioned sophisticated credit offerings as the next phase of competition in Nigeria's fintech sector, moving beyond basic payments. This strategy, mirrored in trends like airtime credit wars and seen elsewhere in Africa, aims to leverage transactional data to build profitable lending services while navigating regulatory and risk challenges.

about 19 hours ago

Latest Headlines

Moniepoint CEO identifies credit layering as key fintech battleground in Nigeria

Nedbank Partners with Fintech Jumo to Launch AI-Driven Quick Loans

MTN Fintech partners with Ant International to enhance mobile money platform

Nigeria's President Orders FCCPC to Break Optasia's Airtime Credit Dominance

CBN Grants National Licenses to OPay, Moniepoint, and PalmPay

Weekly Brief

Top African payments news, every week.

Most Read

1

Moniepoint CEO identifies credit layering as key fintech battleground in Nigeria

about 19 hours ago
2

Nedbank Partners with Fintech Jumo to Launch AI-Driven Quick Loans

about 19 hours ago
3

MTN Fintech partners with Ant International to enhance mobile money platform

about 19 hours ago
4

Nigeria's President Orders FCCPC to Break Optasia's Airtime Credit Dominance

about 19 hours ago
5

CBN Grants National Licenses to OPay, Moniepoint, and PalmPay

about 19 hours ago
6

PayAngel expands African payouts with Visa and Currencycloud integration

about 19 hours ago

Digital Banking

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DIGITAL BANKING
PA News
digital banking

Nedbank Partners with Fintech Jumo to Launch AI-Driven Quick Loans

Nedbank has partnered with fintech Jumo to launch AI-driven Quick Loans, offering rapid digital credit assessments. The move aligns with a South African banking sector increasingly focused on digital innovation, even as the central bank prioritizes improving core payment infrastructure over launching a retail digital currency.

about 19 hours ago
DIGITAL BANKING
PA News

Nedbank and JUMO Deploy AI for Microloans, Targeting Unbanked South Africans

2 days ago
DIGITAL BANKING
PA News

Nigerian Banks Launch Digital Products as Fintech Regulations Tighten

2 days ago

Payments

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PAYMENTS
PA News
payments

Moniepoint CEO identifies credit layering as key fintech battleground in Nigeria

Moniepoint's CEO has positioned sophisticated credit offerings as the next phase of competition in Nigeria's fintech sector, moving beyond basic payments. This strategy, mirrored in trends like airtime credit wars and seen elsewhere in Africa, aims to leverage transactional data to build profitable lending services while navigating regulatory and risk challenges.

about 19 hours ago
PAYMENTS
PA News

MTN Fintech partners with Ant International to enhance mobile money platform

about 19 hours ago
PAYMENTS
PA News

Nigeria's President Orders FCCPC to Break Optasia's Airtime Credit Dominance

about 19 hours ago

Funding

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FUNDING
PA News
funding

Yamify Secures Pre-Seed Funding to Build 'Heroku for AI' Platform in Africa

Yamify, a new platform aiming to simplify AI deployment for African developers, has closed a pre-seed funding round. The startup's launch comes as interest grows in both AI development tools and applied AI solutions for the African market.

4 days ago
FUNDING
PA News

Lagos Angel Network Backs AI Trade Platform Midddleman

5 days ago
FINTECH
PA News

Nala secures $50 million credit line for stablecoin payment network expansion

5 days ago

Regulation

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REGULATION
PA News
regulation

South African Reserve Bank prioritizes payment system upgrades over retail CBDC launch

The South African Reserve Bank has indicated that enhancements to the country's digital payment infrastructure, focusing on speed and cost, are necessary before launching a retail central bank digital currency. This comes amid broader industry shifts, including Nedbank's launch of AI-driven loans and ongoing discussions about the role of AI in reshaping financial services.

about 19 hours ago
REGULATION
PA News

South Africa dissolves payments regulator PASA, transfers oversight to PayInc and central bank

3 days ago
REGULATION
PA News

Nigeria's Central Bank Eases Geo-Fencing Rules for Point-of-Sale Terminals

4 days ago