moniepoint

  1. Moniepoint Acquires Orda to Capture Africa's $50bn Restaurant Economy

    Nigeria Moniepoint Acquires Orda to Capture Africa's $50bn Restaurant Economy

    The Digest: Nigerian fintech company Moniepoint has acquired restaurant management startup Orda Africa in a strategic move to expand into Africa's fast-growing food service industry, estimated at $50 billion across the continent. The deal integrates Orda's cloud-based restaurant software into...
  2. Regulatory Milestone: CBN Upgrades Moniepoint, OPay, Kuda to National Microfinance Bank Status

    Nigeria Regulatory Milestone: CBN Upgrades Moniepoint, OPay, Kuda to National Microfinance Bank Status

    The Digest: The Central Bank of Nigeria (CBN) has upgraded the operating licenses of major fintech firms Moniepoint, OPay, and Kuda from microfinance to national microfinance bank status. According to reports from financial outlets, the announcement was made by CBN Director Yemi Solaja at a...
  3. Banks to Implement 7.5% VAT on Transfers and USSD Transactions

    Nigeria Banks to Implement 7.5% VAT on Transfers and USSD Transactions

    Moniepoint and other Nigerian financial institutions will begin applying a 7.5% Value Added Tax on electronic transfers and USSD transactions starting January 19, Key Points: Moniepoint and other banks will apply 7.5% VAT on transfers and USSD transactions. The charge takes effect January...
  4. Crossing currency lines: Moniepoint Gets Green Light to Enter Kenyan Market

    Africa Crossing currency lines: Moniepoint Gets Green Light to Enter Kenyan Market

    In African business, borders exist on maps, but opportunities flow beyond them. Nigeria's Moniepoint has cleared a crucial hurdle in its East African expansion, securing Kenya's competition authority approval to acquire a 78% stake in Sumac Microfinance Bank. This isn't just another...
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