Strandling Exponential Performance with Stringent conformance – the Fintech Dilema
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Zap Africa Introduces Groundbreaking Web3 Wallet Integration in Nigeria
Zap Africa, a prominent player in the cryptocurrency sector, is making waves with the introduction of a game-changing feature that promises to enhance the experience of Web3 users. Known for pioneering Nigeria’s first non-custodial exchange, the company is taking another significant step forward by integrating a feature that allows seamless connection between users’ wallets and their exchange. This move is expected to set new standards in financial technology within Nigeria and beyond.
During the announcement, Tobiloba Asu-Johnson, the CEO of Zap Africa, outlined the company’s forward-thinking vision. He conveyed that the introduction of this feature marks the beginning of an ambitious plan to transform the management and usage of cryptocurrency assets across Nigeria. The company’s vision extends beyond today’s market needs, aiming to create a futuristic financial landscape where crypto users can manage their assets with enhanced security and convenience.
MILESTONE | Egyptian BNPL Fintech, Fawry, Disburses Over 1 Billion Egyptian Pounds and Crosses 10 Million Downloads One Year After Launch
Egyptian fintech, Fawry, has announced that its Buy Now, Pay Later (BNPL) business has surpassed EGP 1 billion ($20.57 million) in total disbursements as of September 2024.
The milestone, which comes just over a year after the service’s official launch, is attributed to several factors, including leveraging Fawry’s extensive customer base which exceeded 10 million downloads of the ‘myFawry’ app at the time of launch as well as the introduction of the ‘myFawry’ prepaid card.
Read more: https://bitcoinke.io/2024/10/fawry-bnpl-product-growth/
Flutterwave Powers Smart Hotel Mgt Solutions for Nigerian Hospitality Industry
Flutterwave has stated that it has powered the first-ever Hotel-on-PoS solution in the Nigerian hospitality industry.
In a landmark partnership that is set to alter the future of hotel management systems across Africa, the fintech giant, Flutterwave, noted that partnering 9jahotel.com Limited to power a smart hotel management solution will significantly ease the pains of hotel owners and managers in Nigeria.
The smart hotel management solution called Roomstatus, is set to revolutionise both the cost and ease of managing hotels across Nigeria and Africa, it stated.
Tanzanian Fintech Nala Raises $40M in Series A to Accelerate Growth and Expansion
Tanzanian payments company Nala has secured $40 million in Series A funding, which it plans to use for its global expansion and to strengthen its payment systems across Africa. Based in Kenya, Nala is a fintech startup enabling money transfers from the UK, US, and EU to Kenya, Uganda, Tanzania, Rwanda, and Ghana.
This new funding comes on the heels of a $10 million seed round in 2022 and will further improve the reliability of its African payment systems by establishing its own payment infrastructure, the company said.
PasarPolis and Gojek Partner to Expand Insurance Access in Indonesia
Indonesian insurtech company PasarPolis has expanded its strategic partnership with superapp Gojek, aiming to make insurance more accessible to millions of Indonesians.
This collaboration leverages Gojek’s extensive digital ecosystem to integrate affordable insurance solutions into everyday services, including mobility, delivery, and logistics.
The partnership offers a variety of insurance products such as SafeTrip for users traveling with Gojek’s mobility services, package delivery insurance for GoSend, large-scale goods coverage for GoBox, and delivery insurance for GoKilat.
Read more: https://fintechnews.sg/102228/indonesia/pasarpolis-gojek-insurance/
UK fintech firms push government to back growth, IPO dreams
EXECUTIVES of some of Britain’s most valuable and fast-growing financial technology firms warned the Labour government that London could fall behind in the fintech world if the UK fails to address some of the industry’s key concerns, including the challenges they see with share listings and regulators’ speed in decision-making.
In a meeting with City Minister Tulip Siddiq on the sidelines of a fintech conference in London this week – just days before Prime Minister Keir Starmer convenes an International Investment Summit – the business leaders expressed a lengthy list of concerns, according to sources with knowledge of the matter.
Citi Token Services for Cash goes live
Citi Token Services for Cash processes multimillion dollar transactions and provides clients with 24/7, always-on cross-border liquidity and payments between participating branches.
It uses a private and permissioned blockchain that is solely owned and managed by Citi, ensuring, says the bank, safety and soundness for clients and ease of use. Clients are not required to hold or manage any tokens to access the services.
Following pilots last year, the service is now live for commercial transactions, with Mars onboard as the first client.
Read more: https://www.finextra.com/newsarticle/44865/citi-token-services-for-cash-goes-live
