#financial technology

M-Pesa is collaborating with Visa and Onafriq to pilot stablecoin payments in the Democratic Republic of Congo (DRC). This initiative is part of a broader discussion on financial technology developments, which also includes the Central Bank of Nigeria revoking licenses for several banks and Zain's expansion into Syria after MTN's exit, according to Techpoint Africa.

The Nairobi International Financial Centre (NIFC) has certified 15 new startups, aiming to attract over $200 million in investments and create more than 1,000 jobs. The certified companies operate in various sectors, including artificial intelligence, digital finance, climate and carbon markets, healthcare, investment management, and financial technology.

According to Moneyweb, the next wave of fintech unicorns may emerge from seemingly 'boring' ideas that focus on practical innovation rather than flashy concepts. This perspective highlights the potential for success in developing straightforward solutions that address real-world financial challenges.