REGULATION | Court Backs Central Bank of Nigeria Over Local Firm in eNaira Trademark Dispute
The Federal High Court has dismissed an interim injunction request by eNaira Payment Solutions Limited seeking to restrain the Central Bank of Nigeria (CBN) from using the ‘eNaira’ trademark.
The company requested an interim injunction to prevent the Central Bank of Nigeria from asserting any rights to the “eNaira” trademark in the United States or other foreign jurisdictions, including before the U.S. Patent and Trademark Office – until its substantive suit in Nigeria is heard and determined.
The firm also sought an interim order compelling the Central Bank of Nigeria to notify the United States Patent and Trademark Office that the “eNaira” trademark is currently the subject of ongoing litigation in Nigeria, and that no final decision has been made.
Read more: http://bitcoinke.io/2025/05/court-backs-cbn-over-local-firm-in-enaira-trademark-dispute/
How Instant Payments Work in Africa
Instant payments have rapidly become the bedrock of Africa’s evolving financial landscape, bridging gaps in financial inclusion and catalysing economic growth across the continent.
With mobile money platforms, real-time payment systems, and fintech innovations at the forefront, cryptocurrency is now taking center stage in reshaping the future of transactions.
Instant payments, also known as real-time payments, refer to money transfers that are processed and settled within seconds, 24/7, including weekends and holidays.
Read more: https://techeconomy.ng/how-instant-payments-work-in-africa/
The Role Of Regulation In Securing Africa’s Digital Future
Africa targets a digitally interconnected future and is working on achieving this by leveraging different technologies. In this journey, the role of regulation in supporting Digital Public Infrastructure (DPI) cannot be overlooked.
While countries across the continent are accelerating digital ID systems, digital payment platforms, and broader public service digitization, gaps in regulation continue to slow down progress and pose real risks. According to Yodahe Zemichael, Executive Director of Ethiopia’s National ID Program, regulatory frameworks around DPI remain fragmented, inconsistent, and often outdated, in part due to the early stages of building integrated and interoperable DPI ecosystems.
Read more: https://cioafrica.co/the-role-of-regulation-in-securing-africas-digital-future/
Lesaka Fintech Solutions Win Big At ABSA Commercial Payments Awards 2025
NASDAQ and JSE-listed Lesaka Technologies subsidiaries Kazang and Connect were recognised as fintech innovators in South Africa’s bustling fintech universe at the recent Absa Commercial Payments Awards 2025. Cash Connect won the ‘Most Progressive Device Cash Solutions Provider’ category, with Kazang winning the ‘Most Disruptive Fintech Shaping Financial Inclusion Vision.’
Steven Heilbron, Head of M&A and Corporate Development at Lesaka, said, “We have always seen ourselves as innovators and disruptors with our holistic merchant solutions in both cash and digital, and to be recognised as such in both formal and informal market offerings is extremely encouraging.”
PayNet Launches Malaysia’s First Fintech-Focused Hub to Support Startup Development
Payments Network Malaysia (PayNet), the national payments network operator, has launched the country’s first fintech-focused community and accelerator, the PayNet Fintech Hub.
The hub aims to support the development of fintech startups in Malaysia through access to capital, industry connections, and essential support services.
Developed in collaboration with more than 45 strategic partners, the hub offers selected fintechs access to funding opportunities, strategic business matching with banks and technology firms, and over 450 hours of hands-on mentorship from experienced founders and domain experts.
Read more: https://fintechnews.my/50475/innovation/paynet-fintech-hub/
XWeave Secures US$3 Million Funding for Stablecoin Cross-Border Payments
XWeave, a startup developing infrastructure for stablecoin-based cross-border payments, has raised US$3 million in seed funding.
The round was led by Jungle Ventures through its First Cheque@Jungle initiative, alongside crypto investment firm Lightshift.
Follow-on investment came from Menyala, a venture studio founded by Temasek that also incubated the company.
Read more: https://fintechnews.sg/110858/digitalassets/xweave-funding/
Why Safaricom is spending $309 million annually to future-proof M-Pesa
By any measure, M-Pesa is a success story. It is one of Africa’s most consequential financial innovations in the last two decades. The mobile money platform, launched by Safaricom in 2007, now processes over 21 million transactions per day and touches nearly every facet of Kenyan life, from taxi fares to school fees to utility bills to small business payrolls.
But scale comes with its challenges. With M-Pesa’s core infrastructure under increased pressure from high transaction volumes, growing cyber threats, and high expectations from users, the mobile money platform has entered maturity, one that demands more than tweaks. It requires reinvention.
Read more: https://techcabal.com/2025/05/06/safaricom-309mn-m-pesa/
