Nigerian Court Adjourns $82 Billion Tax Case Against Binance to May 12
A Nigerian judge on Wednesday (April 30) adjourned a tax evasion case against the world’s largest cryptocurrency exchange, Binance, to next month after the country’s tax authority sought permission to serve court documents via email.
Earlier in April, the court had postponed proceedings to allow the Federal Inland Revenue Service (FIRS) to respond to Binance’s request to nullify an order permitting court documents to be served electronically, Reuters reported.
The judge has now adjourned the hearing to 12 May, according to court records.
Read more: https://fintechnews.africa/45222/fintech-nigeria/binance-tax-evasion-case-nigeria-adjourned/
‘How technology bridges financial inclusion gap in Africa’
Precious Ekezie is the MD/CEO of Airvend Payment Services Limited, a leading FinTech company offering innovative payment solution services in Nigeria. A digital transformation expert and tech entrepreneur. With a strong background in project management, digital currency, and workplace collaboration, he is passionate about leveraging technology to create value for customers, staff, and stakeholders. In this interview, he speaks on his journey in the FinTech space and the future of digital payments in Nigeria.
How should fintech firms approach evolving anti-money laundering regulations in digital payment ecosystems?
Fintech companies, particularly those within the digital payment ecosystem, face a complex and rapidly evolving regulatory environment, which often presents a challenge to business operations. To effectively navigate the evolving complexities of anti-money laundering (AML) regulations, fintech firms should adopt several key strategies.
Dream Payments launches Interac e-Transfer payouts across Canada
This launch will allow organizations to instantly deliver funds to individuals or businesses using only an email address or mobile phone number, without the need to collect sensitive banking information. The DreamPay platform now supports Interac e-Transfer transactions alongside EFT, virtual cards, and cheques, and integrates directly into existing treasury, ERP, and claims systems — with no infrastructure changes required.
“Dream’s clients and partners — whether they’re banks, insurers, or SaaS platforms — want speed, security, and simplicity. That’s exactly what we’ve delivered through the Interac e-Transfer service,” said Anant Tailor, Chief Product Officer, Dream Payments. “With Interac e-Transfer, we’ve unlocked and democratized access to real-time money movement in Canada. Whether through our modern Payout API or our no-code DreamPay Payout Portal, we’ve made it easy for businesses to embed instant payouts into their operations — no disruption, no delays. It’s a dramatically better experience for payees, whether it’s a claimant anxiously waiting for a payment or a supplier looking to get paid faster.”
Binance to launch crypto payments in Kyrgyzstan with new partnership
Binance has signed a memorandum of understanding (MOU) with Kyrgyzstan’s National Agency for Investments to introduce crypto payment infrastructure and blockchain education in the country.
The MoU was formalized during the inaugural meeting of the Council for the Development of Digital Assets, attended by Kyrgyz President Sadyr Japarov, the exchange said in a May 4 press release.
As part of the agreement, Binance will introduce Binance Pay to Kyrgyzstan, enabling crypto-based transactions for visitors and residents.
Read more: https://cointelegraph.com/news/binance-launches-crypto-payments-kyrgyzstan-partnership
Asia Mobiliti latest to embrace CommercePay’s cutting-edge payment solutions
Asia Mobility Technologies Sdn Bhd (Asia Mobiliti) has adopted CommercePay’s advanced payment gateway, a move set to streamline digital transactions and boost operational efficiency across its urban mobility services.
The partnership was recently formalised between Asia Mobiliti chief executive officer Ramachandran Muniandy and Commerce.Asia Group of Companies group chief executive officer Kuna Kathigesan.
Explaining the decision, Ramachandran said the platform offers a “rapid, efficient and secure payment process, without the setup and annual maintenance fees that many competitors impose.” He highlighted CommercePay’s flexibility in customising payment flows to match Asia Mobiliti’s app design and user experience as a key factor.
