The anticipated rise in revenue among Nigerian small and medium enterprises (SMEs) has garnered attention as these businesses increasingly adopt digital payments and innovations. According to the Mastercard SME Confidence Index, an overwhelming 99 percent of Nigerian SMEs now accept digital payments, marking a notable shift towards cashless transactions. This digital shift provides these enterprises with a significant advantage, enabling
In a move poised to revolutionize the European payment landscape, PayTech leader Nexi and payments provider Klarna have expanded their strategic partnership. The primary objective of this collaboration is to enhance payment flexibility for merchants across Europe, providing an enriched shopping experience for consumers and adding convenience at checkout. Initially piloted in the Nordics, the partnership has demonstrated significant success,
In the dynamic world of digital payments, financial institutions and fintech companies face constant challenges to maintain compliance, security, and operational efficiency. Continuous advancements in technology and evolving regulatory frameworks compel these entities to adapt swiftly, ensuring seamless customer experiences while upholding stringent standards. The landscape of digital payments is characterized by the rapid adoption of instant payments, the balancing
Nikolai Braiden, an early adopter of blockchain, is our resident FinTech expert. He strongly advocates for financial technology’s transformative potential in reshaping digital payment and lending systems and has extensive experience advising startups on leveraging technology to drive innovation and advancement within the industry. In this interview, we will discuss the recent changes introduced by the Instant Payment Regulation approved
In a significant advancement for small and medium-sized enterprises (SMEs), UAE-based FinTech startup Omnispay has recently secured $1.5 million in seed funding with the aim of transforming the digital payment landscape across the Gulf Cooperation Council (GCC) region. This financial boost comes at a critical time when digital payment adoption in B2B sectors within the GCC region remains notably low,
MANSA, a leading fintech company specializing in cross-border payments, recently achieved a significant milestone by raising USD 10 million in funding, with Tether taking a leading role. This funding round is poised to address the substantial liquidity challenges that global payment providers frequently encounter through innovative stablecoin-based solutions. Primarily, MANSA secured USD 3 million in a pre-seed round from Tether,
Cybersecurity hazards are a reality in today’s digital world. Small businesses and their employees must act cautiously to keep their customers’ private data safe and protect their reputations. Seemingly innocuous actions, like clicking a link in an email, can expose your customers’ personal information to hackers and leave your company vulnerable to legal action, lost business, and brand distrust. The
On February 24, 2025, Alibaba will begin accepting Ethiopian Birr (ETB) as a payment option for transactions in Ethiopia, marking a significant development in the country’s digital economy. This decision aims to make AliExpress, Alibaba’s global retail marketplace, more accessible to Ethiopians by enabling them to shop with their local currency. Until now, Ethiopian consumers faced hurdles due to their
The integration of technology into payment solutions has set the stage for a dramatic transformation in the e-commerce industry, compelling numerous businesses to innovate continuously to stay competitive. Two, a leading provider of B2B payment technology in Europe, has partnered with Avarda, a prominent Nordic white-label payment specialist. This collaboration aims to revolutionize both B2B and B2C payment solutions in
AEON Bank is revolutionizing its approach to customer engagement by introducing Neko Missions, a gamified loyalty program designed to invigorate the digital banking experience while promoting cashless transactions. This novel initiative invites customers to collect virtual stamps, aptly named Neko Paws, through the AEON Bank application. These Neko Paws are earned by completing specific missions tied to transactions with AEON’s
PT Bank Hibank has taken a significant leap in the Indonesian digital banking sphere by launching “hi by Hibank,” a new app specifically designed to meet the needs of Small and Medium Enterprises (SMEs). This strategic move aligns with the bank’s ambitious goal of securing one million app users by the end of the year. As of now, 150,000 users
In a significant development for the financial technology sector, MANSA, an emerging global FinTech firm specializing in cross-border payments, has recently secured $10 million in funding. This hefty infusion of capital aims to tackle the pressing liquidity challenges that plague payment firms worldwide. The innovative strategy involves leveraging stablecoin-based solutions to streamline the process. It not only targets the speed
