News
Nigeria's central bank expands Po S operating radius to 70 metres
8+ hour, 40+ min ago (427+ words) Nigeria's central bank has expanded the permitted operating radius for Point of Sale (Po S) terminals from 10 metres to 70 metres after concerns that the original restriction was too rigid for agents and merchants. In a May 29, 2026 circular, the CBN also extended…...
M-TIBA ends health savings feature and refunds users via M-PESA
1+ mon, 1+ week ago (448+ words) M-TIBA, a mobile health platform run by Kenya-based healthtech startup Care Pay, is shutting down its My Health Funds (MHF) wallet that lets customers set aside money specifically for healthcare. On April 8, users began receiving refunds directly into their M-PESA…...
Moniepoint completes acquisition of Kenya's Sumac microfinance
2+ mon, 4+ day ago (263+ words) Moniepoint Inc. , a Nigerian business-banking unicorn, has completed its acquisition of a 78% stake in Kenya's Sumac Microfinance Bank, ending a multi-year effort by the Nigerian fintech to secure a foothold in East Africa's largest economy. The deal was finalised on…...