Fintech

NPCI Imposes 0.4% Fee on UPI Above ₹2,000, Businesses Must Absorb Cost

A 0.4% merchant levy on UPI payments above ₹2,000 takes effect October 15, ending years of merchant-free processing and shifting costs to businesses.

Revolut Confirms Customer Data Exposed After Fraudulent Government Email Requests

Some Revolut customers had passports, driver’s licenses and contact details exposed after fraudulent requests sent from a government email domain.

Police Arrest Suspect Over Fake OPay Shutdown Notice, Threatens Fintech Trust

Nigeria's cybercrime unit arrested a suspect over a forged notice claiming OPay would stop services, prompting a probe into misinformation risks.

NFIU Pushes Banks And Fintechs To Share Intelligence, Aims To Tighten AML Defences

The NFIU asked banks, insurers, fintechs and VASPs to back a Joint Financial Intelligence Collaboration to strengthen AML/CFT intelligence exchange.

Visa Adds Unified Fraud Score, Claims It Detects Over 50% More A2A Fraud Before Funds Leave Accounts

Visa embedded Featurespace into A2A Protect to create a unified fraud score, saying it finds over 50% more fraud and cuts unnecessary alerts by over

Visa Pairs Settlement Data With Onchain Credit To Speed Loans For Stablecoin Card Issuers

Visa will combine its settlement records with blockchain lending tools so lenders can underwrite stablecoin-linked card issuers faster.

Check Warns Millions May Never Start Investing Unless Platforms Build Social Trust

Check found a seven-to-ten-year gap between intent and action, driven by trust, family demands and emotional barriers to saving.

Tolaram Secures $51 Million Loan, Eases Repayment Pressure on Guinness Nigeria Debt

Tolaram borrowed $51 million from Mauritius Commercial Bank to refinance part of its Guinness Nigeria acquisition debt.

Capitec Secures A2X Listing, Gives Investors a New Trading Venue

Capitec will begin trading on A2X on September 7, offering shareholders a second market. The listing arrives as the bank expands into payments and

ETranzact Revenue up 22.6% to ₦16.28 Billion, Profit Slides as Costs Rise

Revenue rose 22.6% to ₦16.28 billion in H1 2026, but cost inflation pushed operating profit down and operating cash flow into negative ₦6.86 billion.

Court Freezes 69 Accounts Over Alleged N1.39bn eTranzact Fraud

A Federal High Court in Abuja has ordered 12 banks and six fintech platforms to place post-no-debit restrictions on about 69 accounts linked to alleged unauthorised transactions on eTranzact’s payment ecosystem.

Stripe and Advent Reportedly Renew Talks to Buy PayPal

Stripe and private equity firm Advent are reportedly in continuing talks to acquire PayPal in a deal that could value the fintech company at $53 billion.