Reminder: The reason you can’t use your NGN card for FX transactions is not because CBN banned them, it’s because the banks don’t have enough $ to settle your transactions.
This “announcement” doesn’t make $ suddenly appear.
Just in: Nigeria investment platform
@Risevest
rolls out "Managed by Rise"- full service US real estate investing starting at $50K. Users get outright ownership, property management & hands-off experience. Rise aims to open doors for Nigerians to own US property with ease.
🏦💰 Ever wondered why transfers between two users in the same bank are super reliable? It's not magic, it's just banking! Let's dive into this fun little explainer with our friends Chidi and Ngozi. 🧵👇
Transsion owns Tecno, Infinix and iTel. Transsion led PalmPay’s $40m seed. Palmpay also comes preinstalled on Transsion phones in 🇳🇬.
25m “users” is not so far fetched. As far as NIP activity is concerned, they’re top 5 so it tracks.
Everyone is building a “Pay with Transfer” solution for merchants, but what about us, civilians, who are tired of having to search bank list and type 10 digits every time.
We have pains too
BREAKING:
@bitmamaexchange
has confirmed the acquisition of
@ourpaydayHQ
. The deal, which will see the integration of Payday's reported 300,000 users into
@ChangeraApp
, aims to enhance its stablecoins enabled cross-border payment solutions.
There’s ISW, Zone, Chams, and Etranzact. Paga, to a lesser degree.
Alternatives exist, but there’s a reason most people don’t build that level of redundancy.
Fintech today, Fintech tomorrow and nobody has been able to build an infrastructure system to rival NIBSS and provide redundancy??
All of you wanna build savings, investment and diaspora remittance apps only??
New Episode of the podcast for you to listen to this weekend!🫵🏾
We talked about ChipperCash's pivot, some industry raises, and the new kid on the block - Swap by Flutterwave.
Listen here:
We saw your Spotify wrapped (if we were not in yours, do better🫵🏾) and just knew we had to give you a new Episode of the podcast!
We talked about new CBN requirements, Interswitch, Crowdyvest, and some very interesting news that happened in November.
Available everywhere, click
📢 Let's talk about how bank transfers work in Nigeria! It's a system where banks communicate through a central hub called a switch. Imagine you're sending money from Bank A to Bank B. Bank A takes your money and tells the switch to pass the message to Bank B. 💸
New Episode alert!🔊🔊🔊
We talk about Flutterwave, fraud in the ecosystem; how it happens, and the newest regulatory troubles!
Listen here:
Please like, retweet, and don't forget to tag us in your tweets!
#openafricapodcast
#podcastsinafrica
Once-hot Brazilian fintechs are losing market share to new competition from an unlikely source: Pix, a system created by the nation’s own central bank.
@thatsleda
has more
🧵Bank deposits seem simple, right? You give the bank your money, they keep it safe, and you can get it back later. But there's a lot more to it.
Let's dive into the world of bank deposits. 🏦💰
Ok, let'd do this.
What's a Correspondent Bank, Anyway?
Think of a correspondent bank as a helpful buddy for banks, especially when they're in different countries. They're super handy for stuff like sending money overseas, sorting out transactions, and even tackling some of that
Way too often, I hear people talk about Radar by TechCabal and wish the niche tech forum could come back. I agree. Radar shut down at a time when Facebook and Twitter had firm control over one-to-many conversations, and users seemed less interested in another social product.
Happy New Month everyone!😀
We have a new episode of the podcast just for you; we talk about some Fundraising news in the Ecosystem, the CBN’s new directive for BDCs, Google’s Umoja, and BlackCopper’s 2 billion naira debt.
Listen here:
Our first episode since Twitter became X!💀
We talked about Moniepoint’s evolution and expansion, Bankly becoming a MFB, Chipper Cash’s Forbes interview, and what we collectively agree might just be a wave of “Fintech Fatigue”
Listen listen🔗
📢📢
In this brand new episode of the podcast, we set out to solve a mystery and explain why your Nigerian bank transfers failed these past few weeks.
Listen here:
New Episode Alert!💥
We know you think every new episode is funnier than the last but this one is definitely the most hilarious!🤭
Listen to us talk about Dash and how to raise money in the Nigerian capital market.
P.s: we had a guest!
🔗
The lazy conclusion here is that the new guys drove them out.
But, what if there isn't a big enough market to justify the investment? Maybe Jumia sees something that the others haven't quite seen yet.
Is the ceiling, at best, a "lifestyle business"?
We're live, people!🎙️
Listen to us recap some very interesting happenings in the industry this July, we talked about FX, Retail crypto, GTBank’s new rollout ('Laolu has very strong opinions about this🤭) and so much more!
🔗
Need you to put out the word that we’re backkkk!🥳
In this new episode, we talk about some very interesting happenings in the cryptocurrency industry with Patricia, Coinbase and Yellow Card, alongside other general ecosystem news.
Listen here:
This might be worse than the tokens. The tokens were, at least, debt. i.e. Patricia owed you money. Sure, they might not have paid but you could stand on something.
Converting it to shares means if the company goes bust, you just charge it to the game and you can't fight
We haven't done one of our explainer threads in a while so we're going to pick something interesting to talk about today: Invoice Financing!
We've seen a couple startups raise money to build Invoice Financing startups so it feels apt.
Let's dive in! 🏊♀️
Welcome to Season 4!🎉🎉
In this new episode of the podcast, we had a guest on, to tell us more about Web3 and if we should be interested in it.
You already know we had a blast recording this one😅
Please listen and share!
Link:
Word on the streets is that you guys are using Open Africa Podcast learnings to hack interviews now. 😏
We're not mad, as long as you share our content. Start here
Haven't seen much from the blogs so let's talk about something pretty cool over the weekend.
@ouredenlife
unveiled their new look and platform, Eden Marketplace, at the African Startup Fest
Last week, we looked at web3, this week, we're considering DAOs! 😌
What are DAOs exactly?
How did they come to be?
What can I use them for?
Look through the thread for a breakdown, you're welcomee!✨
1/4
Welcome to our new followers!✨☺️
If you're still wondering what we do – we basically have the most enjoyable conversations around finance, tech, and startups in Africa on this side of the block!
Listen to all our episodes here:
Visa has selected 23 African startups for its inaugural Africa Fintech Accelerator program. This marks a significant step in supporting the growing fintech community in Africa and connecting more unbanked individuals to the digital economy
A new tax from Abuja has dropped: Cybersecurity Levy.
This tax will go towards funding national cybersecurity initiatives and activities that the ONSA oversees.
In simple terms, some of your electronic transactions will become slightly more expensive starting soon.
If you're wondering how NIBSS works and why Fintech people haven't created a rival NIBSS yet, you should watch this excerpt from the newest episode of the podcast, we have answers..
Full episode here:
Hello people, we have a new episode❗
We talked about revoked banking licenses, technology journalism, and the woes of B2C companies in Nigeria.
Listen here🔊
Banter aside, any loan app without an iOS app by design is probably not respecting your data or privacy. Because there are plenty permissions that Google extends and Apple doesn’t.
Did you know
@getequity
lets you invest in Startups for as little $10?
We spoke to them in our latest episode about their journey so far and biggest challenges.
Link here 👉🏾
Hi there! 👋 Ever wondered what happens when you dispute a card transaction? Let's break it down in simple terms. Think of it as a journey with multiple steps. 🚶♂️💳
#CardDisputes
Refresh your podcast apps, ladies and gentlemen📢
In this new episode, we talked about Moniepoint and Nomba, toxic workplaces, and MTN's PSB license!
Listen to The “state of the industry” episode here:
You have probably noticed how banks in Nigeria charge a small ₦50 fee when you receive a transfer above ₦10,000. This fee is called the Electronic Money Transfer Levy (or Stamp Duty).