Yoco has expanded its offerings beyond traditional card payments by launching an AI-powered platform that includes over 20 new features. These features comprise an AI assistant, loyalty rewards, tools tailored for specific industries, reduced fees, and savings pockets designed to assist businesses in their operations.

Equity Bank has launched a new feature called Secure Float Purchase, aimed at enhancing transaction controls for customers buying float through approved agents. This feature introduces a verification framework that requires customers to pre-authorize trusted agents before transactions can occur. The initiative is a response to increasing risks of mobile money fraud, according to TechTrends KE.

Equity Mobile has introduced QR Code Payments to enhance the efficiency of mobile banking transactions. This new feature allows customers to send, receive, and request money without the need to manually enter phone numbers or account details, thereby reducing transaction time and minimizing errors. The expansion of QR payments aims to simplify the overall user experience in mobile banking.

According to Vanguard, technology has significantly transformed financial transactions in Nigeria, allowing individuals to conduct activities such as sending money, paying bills, and purchasing airtime via mobile phones without needing to visit a bank. This shift towards digital financial services is exemplified by OPay, which is playing an increasing role in facilitating access to these services as the economy becomes more digital.

OnePurze is a Nigerian fintech company that aims to simplify the process for Nigerians to receive payments and send money abroad. The platform is designed to address the challenges faced by users in international transactions, providing a more efficient and user-friendly experience.

Payaza has introduced Shopaza, an eCommerce platform that is now operational in 23 countries across Africa, North America, and Europe. The platform utilizes Payaza's proprietary payment infrastructure to facilitate instant settlement for transactions.