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2025 RECAP | Bridge by Stripe Sees Stablecoin Volume Soar 4x in 2025
In 2025, Stripe’s Bridge stablecoin infrastructure experienced a fourfold increase in transaction volume, highlighting a shift towards stablecoins as essential business tools amid a declining cryptocurrency market. This growth signifies the practical use of stablecoins in payments and reflects a trend toward greater integration of digital currencies in global finance.
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FUNDING | South African Fintech, Revio, Secures $5.2 Million in Seed Funding to Fix the Fragmented African Payment Ecosystem
Revio, a South African payment orchestration platform that assists merchants in streamlining their order-to-cash processes, has disclosed a seed funding round totaling $5.2 million.
This funding round was spearheaded by QED Investors, with participation from:
Partech, as well as ongoing
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REGULATION | NALA Secures Bank of Ghana Greenlight, Partners with BigPay for Cross-Border Payments
NALA has received regulatory approval from the Bank of Ghana to launch remittance services in partnership with BigPay, enhancing cross-border payments in Ghana. This expansion reflects NALA's commitment to building financial infrastructure and broadening its payment services.
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REGULATION | Kenyans Accounted for 25% of All Signups by WorldCoin Globally, Says the Kenya Officer of Computer and CyberCrime
Kenya leads with 350,000 WorldCoin subscriptions, raising concerns over data security and sovereignty as the firm engaged local agents to collect iris data for global storage. Investigations reveal potential risks due to lack of regulatory approval and physical presence.
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South African Web3 Gaming Outfit, Carry1st, Raises $27 Million to Acquire and Build Game Titles
South African startup Carry1st raised $27 million in a pre-series B round to develop local games for the African market, expand its game licensing, and enhance its Pay1st monetization service, following a successful previous year.
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LIST | Central Bank of Kenya Grants Licenses to 19 More Digital Lending Companies Bringing the Total to 51
The Central Bank of Kenya has granted fresh licenses to 19 digital lending services, adding to the 32 that were announced in March 2023.
Officially termed as Digital Credit Providers (DCPs), the move by CBK brings to 51 the total number of services under the regulatory regime. The bank commenced re
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REGULATION | LemFi Acquires Irish FX Bureau Buttercane in European Expansion Plot After Surpassing One Million Customers and $1 Billion in Monthly Transaction Volume
LemFi has received approval from the Central Bank of Ireland to acquire currency exchange platform Bureau Buttercrane, enabling its expansion in the EEA. Founded in 2021, LemFi serves diaspora communities, recently surpassing $1 billion in monthly transactions.
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AfriCrypt’s ‘Bitcoin Brothers’ Reportedly Back in South Africa After Years Abroad
After years out of sight, South African brothers Raees and Ameer Cajee, the controversial figures behind the collapsed crypto investment platform Africrypt, have quietly returned to South Africa, according to a recent investigative report on the local television program, Carte
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STABLECOINS | Visa Doubles Down on Cross-Border Settlements Using USDC Stablecoin on Solana
Visa is expanding its cryptocurrency efforts by partnering with merchant companies to use USD Coin on the Solana blockchain for settlement payments, enhancing speed and cross-border transactions using stablecoins.
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5 of Africa’s Largest Banks Sign Up to Use the Pan-African Payment and Settlement System (PAPSS)
Ecobank Group and four other major African banks have signed an MoU to use the Pan-African Payment and Settlement System (PAPSS) for cross-border transactions, enhancing financial integration in Africa. The service aims for a January 2024 launch.
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