Nigerian fintech startup, Paystack has been acquired by global fintech giant, Stripe.
The CEO of Zenith Bank, Ebenezer Onyeagwu, said the bank has begun collaborating with fintechs to drive payment solutions and other products for its customers.
Victor Asemota said he believes that most centralised and algorithm-based digital lending platforms in Africa are going to fail.
The CBN has tasked Fintech companies to put in more effort to drive financial inclusion in Nigeria by providing services at low cost to consumers.
But many people believe the announcement is Flutterwave's version of April Fool because the technology seems too good to be real.
The acquisition will see OneFi take over Amplify’s assets, tradements, and flagship products.
Nigerian financial technology firm, TeamApt, plans to expand its oepration into Latin America countries by the third quarter of the year.
The fintech sector has been described as the "next big thing" by Access Bank's Herbert Wigwe, who spoke during a forum yesterday in Lagos.