Nigerian FinTech Tingo Mobile Signs Agreement With Visa
Tingo Mobile has entered into an agreement with Visa, a move the firm says will help deepen its financial services offerings in Nigeria and expand across Africa.
The agri-FinTech business announced the agreement in a news release Wednesday (Oct. 27), saying it will allow the firm to increase the number of financial services offered on its platform, particularly in the digital payments realm.
Tingo’s platforms are Nwassa, an argi-marketplace that connects farmers with other players in the agricultural value chain, and Tingo Pay, an in-house payment platform. The partnership will let Tingo issue Visa cards to members of both platforms.
OPay wins Most Innovative Fintech award
A financial institution, OPay, has won the Most Innovative Fintech of the Year award adjudged by Vanguard Newspapers.
During the announcement of the winner, OPay was the only fintech to be awarded at the prestigious event.
According to a statement, this recognition underscores the firm’s groundbreaking contributions to financial inclusion, security, and digital payment solutions in Nigeria.
Read more: https://www.msn.com/en-xl/africa/nigeria/opay-wins-most-innovative-fintech-award/ar-AA1DIjbV
Huma Finance and Visa to Transform Payments with Blockchain
Huma Finance is working on a pilot program that leverages blockchain technology. This program promises to significantly cut down on the delays and costs associated with traditional payment systems.
Unlike the conventional process that can take up to a month for merchants to receive payments, Huma Finance’s solution offers a faster alternative. Their blockchain-powered system will enable real-time payment settlements.
Saudi Arabia, Qatar settle Syria’s World Bank arrears with $15m payment
Dubai: Saudi Arabia and Qatar have jointly announced the payment of $15 million to settle Syria’s outstanding arrears to the World Bank Group.
This critical payment will allow the resumption of the World Bank’s financial and technical support to Syria, following a 14-year suspension prompted by the country’s prolonged conflict. The reinstatement of World Bank engagement is expected to unlock Syria’s access to much-needed allocations aimed at supporting key sectors during the coming period.
What keeps London at the forefront of global fintech
London has long held its position as a global financial powerhouse. From traditional banking institutions in Canary Wharf to hedge funds nestled in Mayfair, the city’s legacy in finance is both deep and influential. But what’s remarkable is how seamlessly that legacy has transitioned into a new era—fintech.
Over the past decade, London has emerged not just as a participant in the fintech movement, but as a leader. While cities like New York and Singapore boast vibrant digital finance sectors, it’s London that continues to top charts as the go-to destination for innovation, investment, and scalability in the fintech ecosystem.
Read more: https://www.londondaily.news/what-keeps-london-at-the-forefront-of-global-fintech/
South African regulator calls out WhatsApp for violating data rules
The Information Regulator has called out WhatsApp for breaking several rules under South Africa’s Protection of Personal Information Act (POPIA). In September 2024, they served the messaging giant an enforcement notice, which has only now been made public. The notice gave WhatsApp 60 days to fix the issues and send proof that they’ve done so or face a fine of up to R10 million, jail time, or both.
So, what exactly did WhatsApp do wrong? Per the Regulator, the platform violated seven key sections of POPIA, including ones about consent, purpose for collecting data, and keeping information secure. A major issue is that WhatsApp’s privacy policy for South Africa doesn’t match the more detailed version they offer users in Europe, something the watchdog isn’t happy about.
Read more: https://techpoint.africa/insight/techpoint-digest-1079/
