Payments - Finance in Africa

Ethiopia’s cashless drive gathers pace with new e-payment directive

Amarachi Orjiude-Ndibe

From transfers to credit: LemFi’s $1 billion gambit with Pillar in migrant finance.

Ernest Favour

A technical deep dive into NIBSS, the infrastructure powering Nigerian payments

Gbemi Lolade Adekanmbi

MTN MoMo’s Ghana-Nigeria transfers highlight a broken African payment system

Whiskey Oghenemarieno

Ethiopia’s Finance Ministry has issued a directive making it compulsory for all public agencies to accept digital payments, in a bid to modernise the country’s financial services and deepen financial inclusion.

From Lagos to London,the Nigerian-founded fintech has snapped up UK credit card issuer Pillar, a bold leap from remittance to credit, a leap into a friction, high-potential market.

Before MTN Momo’s cross-border payments, sending money between Ghana and Nigeria could cost anywhere between 8% and 20% in fees.

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Ethiopia’s cashless drive gathers pace with new e-payment directive

The directive is part of the government’s broader financial sector reform campaign aimed at deepening financial inclusion, expanding the tax base through improved payment traceability, and enabling long-term economic growth.

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From transfers to credit: LemFi’s $1 billion gambit with Pillar in migrant finance.

Nigeria-born fintech LemFi has acquired UK-based credit card issuer Pillar, marking a strategic pivot from cross-border remittances into the underserved migrant credit market.

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A technical deep dive into NIBSS, the infrastructure powering Nigerian payments

Nigeria’s financial ecosystem looks like a crowded maze of banks, fintechs, microfinance institutions, and agencies—but beneath the noise is one quiet force keeping everything running: NIBSS. If your product moves money, verifies identities, or talks to a bank, chances are it’s already riding on NIBSS rails. This guide breaks down what NIBSS does, how it…

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MTN MoMo’s Ghana-Nigeria transfers highlight a broken African payment system

Before MTN Momo’s cross-border payments, sending money between Ghana and Nigeria could cost anywhere between 8% and 20% in fees.

Follow the story

From Lagos to London,the Nigerian-founded fintech has snapped up UK credit card issuer Pillar, a bold leap from remittance to credit, a leap into a friction, high-potential market.

Before MTN Momo’s cross-border payments, sending money between Ghana and Nigeria could cost anywhere between 8% and 20% in fees.