Onafriq connects your business to a real-time payments network across 40 African countries and over 500 million mobile wallets.
Onafriq tried to sell its Nigerian agent banking business before shutdown
Onafriq announced the shutdown of its Nigerian agent banking business, Baxi, on October 16, 2026. The company cited inflation, naira depreciation, and rising operating costs as reasons for the closure.
Onafriq shuts down its Nigerian agent banking business after five years
Onafriq is closing its Baxi agent banking business in Nigeria after five years. The decision is attributed to inflation, naira depreciation, and rising operating costs.
Pan-African fintech Kora adds stablecoins to its payment infrastructure
Kora has launched One Rail, integrating stablecoin payment options into its existing network. Merchants can accept payments in dollar-backed stablecoins USDT and USDC and settle funds through Kora’s infrastructure.
Flutterwave Gets Investment From Circle Ventures To Help Fix Africa’s Payment Delays
Flutterwave receives a strategic investment from Circle Ventures. The investment aims to embed USDC settlement into existing payment systems.
