Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue […]
The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution has reportedly already helped foster financial inclusion in other regions. Bridging the Funding Gap The Nigerian blockchain payment […]
The Nigerian crypto platform Bitmama is reportedly set to acquire the African remittances startup Payday for $ 1 million. Reports of Payday’s acquisition come almost a year after the startup raised $ 3 million in a funding round. Bitmama’s Pivot From Crypto The Nigerian crypto platform Bitmama is set to acquire the …