Nomba and Globus Bank say they built a loan book with sub-1% defaults
The FCCPC introduced fines for digital lenders using harassment for loan recovery in 2025. Nomba and Globus Bank's partnership disbursed ₦21.3 billion with less than 1% non-performing loans.
MTN Zambia tests Starlink satellite-to-phone connection
MTN Zambia completed Africa's first field trial of satellite-to-phone connectivity using Starlink's technology. The trial successfully transmitted a data session and a mobile money transaction without traditional ground towers.
Nomba wants Nigerian merchants to collect pounds directly from UK banks
Nomba partners with Volume to enable Nigerian businesses to collect GBP directly from UK bank accounts. The integration allows merchants to receive bank-to-bank payments, reducing reliance on international card processors.
Nigerian startup, Allawee, wants to restore fintechs’ confidence in cards
Nigerian fintechs have been moving away from foreign card schemes due to economic pressures and increased bank transfer usage. Allawee is building infrastructure to help fintechs issue cards, including partnerships with companies like Piggyvest, Nomba, and Carbon.
Moniepoint mirrors Jack-Dorsey’s Square with new POS
Moniepoint is testing an all-in-one POS terminal. The new POS combines payment processing, inventory management, and transaction reconciliation.
