Paystack is facing a ₦250 million penalty from Nigeria’s Central Bank for allegedly breaching its regulatory licence with the launch of its new product, Zap. Launched in March 2024, Zap enables peer-to-peer money transfers. However, the Central Bank believes the service is operating as a digital wallet, an activity restricted to companies with a deposit-taking …
Paystack Faces ₦250M Fine from CBN Over Zap Operations Read More »
Just a decade ago, accessing financial services often meant standing in long queues at the bank or spending hours on hold with your insurance or investment provider. Fast-forward to today, and the landscape has transformed entirely, thanks to the rapid advancement of financial technology. With just a few taps on your smartphone, you can now …
How Fintechs Leverage Technology to Enhance the Consumer Experience Read More »
The tech space continues to evolve rapidly, and this week brings a dynamic mix of innovation, policy shifts, and major industry plays from Africa’s fintech boom to the global AI renaissance. TechPluxx breaks down the hottest trends shaking up the digital world. AI is Reinventing Performance Reviews — Here’s How Performance reviews have long been …
AI Rewrites the Workplace, US Tariff Breaks Markets, Africa’s Fintech Fairmoney Surges Read More »
At Tech Unite Africa 2025, PalmPay took a bold leap forward in revolutionizing financial services with the launch of the PalmPay Debit Card, an all-in-one financial tool developed in partnership with Verve. This milestone was accompanied by the introduction of PalmPay Premium, a membership program designed to offer high-value users exclusive financial benefits and unparalleled …
