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Mastercard has significantly expanded its digital payment acceptance across Africa, particularly in Nigeria's SME and informal sectors. This shift is driven by strategic low-cost solutions and partnerships, enabling greater adoption of digital transactions.
Women are increasingly shaping the evolution of digital payments across West Africa, transforming monetary transactions and providing essential support to businesses. Through roles in various sectors, they are facilitating greater access to secure digital financial systems.
This article highlights notable cryptocurrency cards that are compatible with Visa and Mastercard, facilitating everyday transactions. These cards allow users to manage their digital assets with the convenience of traditional payment methods.
OPay has been making visible appearances across Lagos in recent days, with installations set up at Obalende Motor Park, Computer Village, and Ikeja City Mall. These activations have sparked significant public curiosity and online discussion regarding the company's next move.
The Central Bank of Nigeria has announced new guidelines aimed at enhancing the security of mobile and internet banking services. The regulations will allow customers to manage their instant payment options and enforce transaction limits.
Festus Keyamo has reiterated that Nigeria's airports will fully adopt a cashless payment system, confirming that there will be no reversal of this policy despite a temporary hybrid arrangement allowing cash and electronic payments.
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, emphasized that while digital cross-border payment systems have the potential to boost economic growth in developing countries, they must be strictly regulated to prevent financial instability and currency risks.
eTranzact Plc reported processing transactions exceeding N103 trillion in 2025, significantly enhancing digital payment solutions and e-invoicing for users in Nigeria.
PayPal is teaming up with Paga to facilitate inbound payments in Nigeria, but its 2026 re-entry is facing strong opposition. Many Nigerians express frustration over past experiences with the platform, citing issues like frozen accounts and lost funds, while highlighting the growth of local fintech alternatives during PayPal's absence.
