#payments

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.

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.

LIFT has expanded its payment options for flight tickets, now allowing customers to use Google Pay, Apple Pay, and cryptocurrency through Ozow. This development aims to enhance convenience for travelers looking to book flights.

Ivorypay has launched X402 Payments, becoming the first company in Africa to enable machine-to-machine stablecoin transactions across all major blockchains. The company operates in 17 African countries and aims to enhance payment infrastructure in the region.

South Africa's Yoco is expanding its services beyond payment processing through a new artificial intelligence deal. This development is part of a broader discussion that includes the Central Bank of Nigeria's data localisation rule, which has raised concerns within the fintech sector, and Visa's plans to integrate AI for shopping with cards in South Africa, according to Techpoint Africa.