The continent-wide fintech conversation is almost here
The Virtual Town Hall will bring fintech leaders, policymakers, and industry experts to discuss the future of fintech license passporting in Africa. Join the conversation on August 1, 2025, at 1:00 PM GMT. Please see the link below.
Register here: https://lnkd.in/dTd6zVAa
University of Cape Town Hosts Hackathon to Tackle Local Payment Challenges with Interledger Protocol
Following a week-long bootcamp of lectures delivered by global representatives of the Interledger Foundation, the University of Cape Town (UCT) recently hosted the Financial Innovation Hub and Interledger Foundation Hackathon.
The event took place at the Hasso Plattner School of Design Thinking Afrika at UCT, where 12 teams of students from UCT, Cape Peninsula University of Technology (CPUT), University of the Western Cape (UWC) and Eduvos participated.
Read more: https://fintechnews.africa/45550/fintech-south-africa/uct-interledger-hackathon-open-payments/
The hidden complexity of tokenisation: Why implementation is harder than it looks?
The checkout point is where the full weight of customer acquisition hinges, so a failed payment at this part of the funnel is not just friction, but a missed sale for many stakeholders.
That’s why enabling safe, one-click payments is the emerging gold standard in mobile payments and e-commerce. Tokenisation is the method that can facilitate a consistently smooth and successful checkout experience at scale, which is why it is so desired in the payments space.
A successful tokenisation implementation has something in it for everyone. Customers get to make an effortless purchase, the merchant completes the transaction, and card issuers reap the benefits of fewer false declines or fraudulent transactions, less compliance liability, and lower processing costs.
JPMorgan Tells Fintechs to Pay Up for Customer Data Access
The checkout point is where the full weight of customer acquisition hinges, so a failed payment at this part of the funnel is not just friction, but a missed sale for many stakeholders.
That’s why enabling safe, one-click payments is the emerging gold standard in mobile payments and e-commerce. Tokenisation is the method that can facilitate a consistently smooth and successful checkout experience at scale, which is why it is so desired in the payments space.
A successful tokenisation implementation has something in it for everyone. Customers get to make an effortless purchase, the merchant completes the transaction, and card issuers reap the benefits of fewer false declines or fraudulent transactions, less compliance liability, and lower processing costs.
Read more: https://finance.yahoo.com/news/jpmorgan-tells-fintechs-pay-customer-212437659.html
British crypto fintech firm Ziglu collapse, users face $2.7 million in losses
British crypto fintech firm Ziglu has collapsed alongside a cumulative $2.7 million in losses in user funds. According to reports, the firm, which acts as an investment platform, suffered a shortfall worth millions of pounds.
Administrators mentioned that they discovered a £2 million black hole at Ziglu, which suspended withdrawals in May and was put into special administration last week. The company was once the cynosure of the investment community, attracting users due to its market-beating rates. At the time, the company was said to have been valued at around £126 million.
However, it all came crashing down when about 20,000 users on its platform had their funds frozen after the Financial Conduct Authority (FCA), the body that oversees financial integrity in the United Kingdom, ordered it to suspend withdrawals.
Read more: https://www.cryptopolitan.com/ziglu-faces-collapse-users-million-in-losses/
