Nigeria is advocating for a cross-border payment system that eliminates the need for third-party currencies, according to Techpoint Africa. The discussion includes the recent approval of Yellow Card in Switzerland and Daya's successful fundraising of $2.4 million aimed at developing stablecoin payment infrastructure.

OPay, a prominent fintech company in Nigeria, has launched two new features: an Emergency Lock and a Safety PIN, aimed at enhancing user security and protection. These features are designed to help Nigerians safeguard their financial transactions and personal information more effectively, according to Techpoint Africa.

According to TechCabal, South Africa's largest banks are adopting mobile services to enhance customer engagement and expand their user base. This shift is seen as a strategy to generate new revenue streams amid a stagnating banking market, as banks aim to integrate more deeply into customers' daily digital activities.

The Federal Government of Nigeria has announced a proposal for a pan-African payment card aimed at facilitating direct transactions between African currencies. This initiative seeks to reduce reliance on foreign currencies like the U.S. dollar, thereby lowering transaction costs and enhancing intra-African trade.

The National Communications Commission (NCC) and the Corporate Affairs Commission (CAC) are intensifying their enforcement regarding changes in telecom ownership in Nigeria. This development is part of a broader discussion that includes topics such as Spiro's $55 million investment in electric vehicles, potential US-Iran peace talks that may affect MTN's frozen assets, and the preloading of DStv Stream on Samsung TVs.

Eight individuals, including seven men and one woman, have been arrested in Marsabit in connection with a SIM swap fraud involving Sh1.2 million. The suspects have been identified as Benrodgers Kyalo, Evans Mbweli, Patrick Vundi, Emily Mwende, Josephine Kasiva, Pius Mwenda, Alex Stima, and Jane Mueni.