Nigeria’s Central Bank issues new rules for contactless payments
Contactless transactions will be capped at N15,000 per transaction, with a daily maximum of N50,000. Nigeria’s financial regulator on Tuesday announced new guidelines for digital payment providers who offer contactless payment solutions. Contactless payments broadly refer to transactions where users pay by simply tapping or waving their payment devices at point-of-sale terminals. It is also […]
Read MoreFollowing chargeback fraud fiasco, Union54 is back with a superapp
Union54, the Zambian fintech startup whose operations got halted as a result of a chargeback fraud debacle last year, is launching a superapp in partnership with Mastercard. Following the $1.2 billion chargeback fraud fiasco which saw the startup halting operations for eleven months, Zambian fintech Union54 is back with another product: a superapp called ChitChat. […]
Read MoreNigeria has suffered several data breaches recently, and its data protection commissioner wants to change that
The just-appointed commissioner for Nigeria’s new data protection bureau, Vincent Olatunji, tells TechCabal how he plans to end data breaches in the country. Earlier this month, Nigeria’s president, Bola Tinubu, signed the Nigeria Data Protection Bill 2023 into law. The new law, which went into effect immediately, was proposed by the immediate-past government of Muhammadu Buhari, […]
Read MoreFNB and MTN sign MVNO partnership deal
South Africa’s second largest bank by customer base, First National Bank, has signed an agreement with MTN South Africa for the supply of network services for FNB Connect, the bank’s mobile virtual network operator (MVNO). In a statement, FNB and MTN stated that they have formed the collaboration to accelerate “access to reliable telecommunications and […]
Read More👨🏿🚀 TechCabal Daily – Pay with data
In partnership with Share this newsletter: Lire en Français اقرأ هذا باللغة العربية Heads up Delivery times will vary for TC Daily over the next couple of weeks. Over the next couple of weeks, a small percentage of readers will get TC Daily at the usual time—7 AM WAT—while the majority of our readers may […]
Read MoreIncreased electricity tariff will not impact startups as hard as it will their employees, experts say
From July 1, 2023, electricity distribution companies (DisCos) in Nigeria will increase electricity tariffs by over 40%, due to high exchange rates and inflation. Tech startups in Nigeria are expected to be affected less due to their remote work setting. However, remote workers will bear the brunt. Electricity distribution companies (DisCos) in Nigeria will increase […]
Read MoreSmile Identity lays off eight employees as it increases its ‘focus on profitability’
Smile Identity, a KYC compliance and ID verification startup, has laid off eight employees in what it says is a move to achieve its profitability targets. Smile Identity helps startups like banks and fintechs perform identity checks for their customers and is one of the most recognisable names in the ID verification industry. The company […]
Read MoreMozilla is aiding Kenya’s upcoming tech startups with grants and acceleration
The Mozilla Africa Mradi Innovation Challenge in Nairobi is poised to help Kenyan tech entrepreneurs develop their products and be ready for market. This week, Mozilla Corporation hosted a two-day Mozilla Africa Mradi Innovation Challenge in collaboration with the Nairobi City County Government (NCCG) at the Arboretum Park in Nairobi. The challenge identified three tech […]
Read MoreHow to share data on MTN and other networks 2023
In today’s interconnected world, the need to share data with friends, family, or colleagues has become increasingly important. And as we all know, the Nigerian Communications Commission (NCC) recently unified USSD codes for various activities on all networks. Therefore, this article provides a comprehensive guide on how to share data on MTN alongside other networks. […]
Read More👨🏿🚀TechCabal Daily – Nigerian banks grow with fintech adoption
In partnership with Share this newsletter: Lire en Français اقرأ هذا باللغة العربية Happy pre-Friday If you’re taking a course on Google Digital Skills for Africa, you have until July 24 to complete the course. Yesterday, Google announced to users that it’s moving the course to a new learning platform called Skillshop. This means any […]
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