Chaka, a Nigerian fintech company, has launched Hisa as part of its initiative to create a pan-African investment platform. This move follows Chaka's recognition as Nigeria's first SEC-licensed digital investment platform, aiming to enhance investment opportunities across the continent.

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.

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.

Creditchek, a financial technology infrastructure company that builds data and technology systems supporting credit decisions across Africa, has announced the acquisition of Algosys, a Ugandan core banking software startup. According to Business Times, the deal forms part of Creditchek's expansion into East Africa. Details of the transaction, including its value, were not disclosed in the report.

OPay, a prominent fintech company in Nigeria, has partnered with 3MTT to extend the deadline for its National Innovation Challenge. This extension aims to engage more student innovators in the competition, allowing them additional time to submit their innovative ideas and projects.

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.