Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI Skills Week
LAGOS, Nigeria – June 10, 2025: Visa (NYSE: V), a global leader in digital payments, in collaboration with Microsoft, hosted a Microsoft AI Skills Week Hackathon in Lagos, Nigeria as part of their shared commitment to build practical AI capabilities within the financial services sector through compliance and innovation.
The multi-day program, which ran from May 26 to 30, brought together over 70 developers, as well as 150 CIOs, CTOs, and digital transformation leaders across the financial services sector for self-paced learning, live sessions, interactive workshops, and a hackathon centred on solving real-life challenges in fintech.
Bitcoin adopted as payment form in Kenyan slum
KIBERA, Kenya — Dotting the roadside in what is widely considered Africa’s largest urban slum are typical stands selling vegetables. What isn’t typical is their acceptance of bitcoin as a form of payment.
Around 200 people use bitcoin in Soweto West, a neighborhood of the Kibera slum in Kenya’s capital. It’s part of an initiative to extend financial services to one of the country’s poorest and most under-banked areas.
Read more: https://www.nwaonline.com/news/2025/jun/15/bitcoin-adopted-as-payment-form-in-kenyan-slum/
MTN to establish Fintech firm in Nigeria, others
MTN is planning to unveil Fintech companies across the African continent, including Nigeria.
MTN Uganda is already seeking input from stakeholders on a plan to structurally separate its mobile money service, MoMo, from its core telecoms business.
According to the company, the proposed change will be discussed at the upcoming extraordinary general meeting on July 2.
If approved, the telco’s fintech business will be run by a new company controlled by MTN Group Fintech Holdings B.V. and a trust benefiting minority shareholders following a merger.
Read more: https://newnationalstar.com/mtn-to-establish-fintech-firm-in-nigeria-others/
CBEX is back, and Nigerians are paying again despite frozen funds
Two months after CryptoBridge eXchange (CBEX), the Ponzi scheme which falsely claimed to be a cryptocurrency exchange, froze withdrawals for thousands of customers on its platform, it is back with another gimmick, much to the chagrin of regulators.
CBEX never shut down its platform, despite warnings from Nigeria’s Securities and Exchange Commission (SEC) and multiple public arrest warrants issued by the Economic and Financial Crimes Commission (EFCC) for several persons linked to the Ponzi scheme.
Read more: https://techcabal.com/2025/06/13/nigerians-are-still-buying-into-cbex-hype/
Serious warning issued: What you need to know about paying by card in spanish supermarkets
Since the pandemic, paying by card in Spain has become second nature. Most of us simply tap and go- often using our phones, with the physical card rarely seeing daylight. It’s quick, it’s easy, and it’s everywhere, especially in supermarkets.
But this week, the Bank of Spain has stepped in with a sharp warning for shoppers who rely on their cards for everyday purchases. If you’re one of the millions who skips paper receipts and trusts your payment has sailed through, it might be time to pay a little more attention at the till.
Apple Pay to support public transport payments in Korea
Apple users will finally be able to use their phones and watches to pay for public transportation services in Korea, transit officials announced Monday.
Tmoney, Korea’s transportation card provider, announced that “Tmoney will be available on iPhones and Apple Watches” on its website and social media on Monday. A specific start date for the service launch was not mentioned.
