TechCabal

MTN Nigeria, the country’s biggest telco, has applied for Payment Service Solutions Provider (PSSP) and Payment Terminal Service Provider (PTSP) licences for its fintech subsidiary MoMo PSB, reflecting its growing focus on digital payments in Nigeria. The PSSP license allows MoMo PSB to offer payment processing gateways, develop financial solutions, and provide merchant aggregation and collection services. Click here to read the full article: https://lnkd.in/dnWnUDd4

GoLemon, the grocery delivery startup founded by four ex-Paystack staff members, will begin testing a next-day delivery next week, sources familiar with the matter told TechCabal. Currently, GoLemon’s earliest delivery time is two days after an order is made. Reducing delivery time by over 40% could help the company make more inroads in a market accustomed to same-day delivery from competitors like Mano, Price Pally, My FoodAngels, and Chowdeck. GoLemon confirmed it will now run round-the-clock operations to achieve faster delivery times. Click here to read the full article: https://lnkd.in/dw7bCY2e

Visa, the world’s second-largest card payment processor, has made strategic investments in four African startups as part of its plan to invest $1 billion to drive financial inclusion in Africa, the company shared on Thursday. The selected startups are Oze, a Ghanaian business banking platform; Orda, a Nigerian restaurant technology startup; WorkPay, a Kenyan HR and payroll management firm; and OkHi, a startup that provides address verification services using AI. Get all the details 👉 https://lnkd.in/dmYx-sms 

In this insightful talk from Moonshot 2024, Dr. ‘Bosun Tijani, Nigeria's Minister of Communications, Innovation, and Digital Economy, discusses Africa’s digital future and what it takes to compete globally. Click here to watch the full video on YouTube: https://lnkd.in/dcwWdh7P #Moonshot2025 #MoonshotByTechCabal #TheMoonshotPodcast

Kenya’s biggest telco Safaricom has secured an insurance licence from the Insurance Regulatory Authority (IRA), ending a four-year wait. The company will now offer insurance services to its M-Pesa users with a new product, Bima, its CEO Peter Ndegwa said during Thursday’s H1 2024 earnings call. The new product aligns with the telco’s strategy to broaden M-Pesa into a financial service provider that responds to its customers’ “digital needs.” The company has been testing insurance products since 2020, awaiting regulatory approval. Read the full story 👉 https://lnkd.in/e63uAPWY