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.

In the latest TechCabal Daily, it is reported that Monzo is expanding its operations into Nigeria. Additionally, Mauritius' largest bank is looking to enter the Côte d'Ivoire market, Zanzibar has signed a $114 million deal for fiber infrastructure, and Daya has raised $2.4 million to support stablecoin payments.

A new fintech company called Open Space, focused on artificial intelligence and ethical or non-interest finance, has been launched in Nigeria, according to the Daily Post. The firm was unveiled in Abuja on Tuesday as part of efforts to deepen financial inclusion and make financial services more accessible to Nigerians and businesses. The company's chief executive officer spoke at the launch event, though further details of his remarks were not provided.

The African fintech industry is transitioning from short-term consumer lending to financing small businesses, driven by increasing regulatory scrutiny and government initiatives aimed at promoting credit in productive sectors. Analysts suggest that this trend will enhance access to finance for Micro, Small and Medium Enterprises (MSMEs), reflecting a significant shift in lending practices within the sector, according to Daily Trust.

African mobile money providers are shifting focus from expanding access to encouraging deeper customer engagement with their services, according to TechTrends KE. Executives at the MTN Group Fintech Annual Summit in Johannesburg warned that strong adoption figures conceal limited use of savings and investment products. Speaking on September 2, the second day of the summit, MTN's Shaibu Haruna was among those highlighting the gap between user numbers and meaningful financial product uptake across the continent.

According to TechCabal, fintech has become the dominant technology sector across much of Francophone Africa, driving digital financial participation in the region. However, the report argues that further growth now depends on developing additional proven tech sectors beyond fintech. Broadening the region's tech economy is presented as necessary to deepen participation and sustain long-term development in Francophone African markets.