Canada-Africa Fintech Summit – Canada-Africa Fintech Convergence – Nurturing Talents, Fueling Growth, Forging Cross-Border Prosperity for Sustainability
For more info., check here: www.cafsummit.com
South Africa’s Altvest Capital becomes Africa’s first publicly traded company to adopt Bitcoin
South Africa’s Altvest Capital (ALV) just became the first listed company in Africa to adopt bitcoin (BTC) as a strategic treasury asset. The company revealed the investment update via a press release on Friday, February 21, 2025.
According to Altvest, it has purchased one Bitcoin for its strategic treasury, following the same playbook as Strategy (MSTR) in the US and Metaplanet (3350) in Japan.
Altvest was founded in 2021 by Warren Wheatley and functions as an investment facilitator that manages fractional ownership of unlisted assets. According to Wheatley, the company sees Bitcoin as a “strategic reserve asset” that enhances its treasury portfolio while providing a “hedge against economic instability and currency depreciation.”
Read more:
https://www.cryptopolitan.com/altvest-capital-first-africa-company-bitcoin
East Africa’s Umoja Coin launches on global exchange, promising financial inclusion
The listing, which went live on 19 February 2025 at an opening price of $0.75, marks a significant milestone for East Africa’s fintech sector, highlighting the region’s shift towards digital finance.
President Tinubu pledges support for fintech sector as Flutterwave eyes NGX listing
President Bola Tinubu has reaffirmed his administration’s commitment to supporting financial technology companies that provide essential payment infrastructure for Nigerians and Africans.
According to a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, Tinubu made this pledge during a meeting with the leadership of Flutterwave and Alami Capital in Abuja on Saturday.
The visit comes as Flutterwave, a leading Nigerian fintech giant, seeks a listing on the Nigerian Exchange (NGX).
OnePipe launches new PaywithAccount solution to ease cashflow struggles for Nigerian small businesses
Nigerian fintech infrastructure provider, OnePipe has launched PaywithAccount, a direct-from-account payment solution that helps businesses automate and simplify collections, reducing delays and improving cash flow predictability.
With PaywithAccount, businesses can collect payments directly from customer bank accounts—securely and automatically—without the need for cards, manual reminders, or complex reconciliations. It will also empower small businesses across Nigeria to eliminate the stress of late payments, automate their collections, and take full control of their financial future.
For many Nigerian small business owners, cash flow isn’t just a challenge—it’s a constant battle. Whether it’s schools struggling with delayed tuition payments, logistics firms dealing with inconsistent driver remittances, or cooperatives managing member contributions, the process of collecting payments remains inefficient, unpredictable, and time-consuming.
Read more: https://technext24.com/2025/02/22/onepipe-launches-new-paywithaccount/#google_vignette
Estimating the Size of Africa’s Payments Market: The $3 Trillion Fintech Opportunity
Before writing this article, I tried to estimate the size of payments market in Tanzania, I ended up with a figure that is between $70 Billion and $120 Billion which includes remittances, mobile money and bank payments. So I went like, look, what is the size of Africa payments as a whole, that would be more interesting.
Africa is a collection of countries with small and big opportunities, According to World bank and GSMA, Africa leads the world in mobile money payments, Over the years we have heard Africa is big, Africa payments are growing fast, Since we know the global payments opportunity is about $200 trillions, So I took it upon myself to estimate the true size of Africa payments opportunity as of 2024.
To estimate the total value of this market, it’s crucial to break it into two parts, I called them consumer-led payments and business-led payments.
UK government issues tender to bring open banking to Gov.UK Pay
Gov.UK Pay is used by central government, local authorities, police forces and NHS teams to take payments for their services digitally. Used by more than 1000 different public sector services, it has processed over 94 million transactions since 2016.
Following a request-for-information on the subject of a new supplier late last year, Government Digital Service (GDS) has now issued a market notice.
GDS is “seeking a payment service provider to underpin the Gov.UK Pay platform, specifically for processing credit and debit card payments and pay by bank (open banking) payments”.
