#financial services

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.

Safaricom has provided guidance for M-Pesa users on how to increase their Fuliza limits and avoid reductions. The company shared tips aimed at helping customers enhance their eligibility for the Fuliza service.

Zedcrest Securities has introduced stocks trading on the Zedcrest Wealth App, allowing clients to buy and sell shares of over 150 companies listed on the Nigerian Exchange (NGX) via their mobile devices. This launch is part of Zedcrest Group's goal to enhance access to capital markets and improve connectivity in financial services.

Centenary Bank has launched Gonza Pay, a secure digital wallet aimed at enhancing financial transactions in Uganda. This initiative comes as the country experiences significant growth in digital financial services, despite a continued reliance on cash among many citizens, according to TechJaja.

The Uganda Institute of Banking and Financial Services (UIBFS) has completed the Women in Leadership Program 2026, a five-day initiative aimed at empowering women with essential leadership skills and confidence for roles in Uganda's financial sector. The program focused on equipping participants with the necessary mindset to excel in leadership positions.

The rebranding of Credable to _able highlights the importance of credit infrastructure in Africa, according to TechTrends KE. While consumers typically interact with familiar financial service brands like banks and fintechs, the underlying infrastructure remains largely unseen. The Dubai-based company believes that enhancing this infrastructure presents a significant opportunity for growth in the African financial services market.

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.

According to Tech-ish, Safaricom's Ziidi funds have accumulated nearly KES 20 billion within the M-PESA platform. The report discusses the recent shift in savings, the opt-in gap for users, and the low yields associated with these funds.

Vodacom M-Pesa Tanzania has announced a new partnership with PayPal that will enable customers in Tanzania to easily transfer funds between the two platforms. This collaboration aims to enhance financial transactions for users in the country.