A financial technology company that allows users to send money internationally with low fees and real exchange rates.
Wise Secures Conditional Approval in South Africa for Cross Border Payments
Wise has received conditional approval from the South African Reserve Bank to operate in South Africa. This marks Wise's first entry into the African market, allowing it to offer international money transfer services.
For immigrants, this fintech makes credit history as portable as a passport
Wale Akanbi faced challenges accessing financial services in the UK due to the lack of credit history transfer. Bleyt, founded by Akanbi, aims to allow immigrants to carry their credit histories across borders using AI.
NIPOST’s Fintech Reinvention: Bridging Tradition and Digital Innovation in Nigeria’s Financial Landscape
NIPOST has renewed its licenses with the Central Bank of Nigeria after an eight-year suspension. The agency is entering the IMTO sector to provide financial services and compete with digital-first firms.
Nigeria’s postal service wants to become a fintech. Will the market take it seriously?
NIPOST has renewed its licenses with the Central Bank of Nigeria to begin delivering financial services after an eight-year hiatus. The agency is rebranding itself to enter the International Money Transfer Operators sector, aiming to connect traditional postal services with modern fintech.
Fintechs rush for FX transactions will only benefit customers and startups with scale
Nigerian fintechs are focusing on consumer-oriented cross-border transaction products due to the stability of dollar-based transactions. The Central Bank of Nigeria reported remittance inflows of $553 million in July 2024, marking a 130% increase from 2023.
