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2761 results for "payment reform"
Unpaid cocoa farmers in Ghana are finally getting attention as advocacy groups push the government to honor payment promises and price increases. The reforms could restore trust for hundreds of thousands of rural families who depend on cocoa income.
The UK government just announced the toughest crackdown on late payments in 25 years, protecting small businesses from practices that force over 1,000 closures every month. New laws will cap payment times at 60 days and fine repeat offenders tens of millions of pounds.
Nigeria's fintech regulators are set to make instant digital payments cheaper and easier for merchants in 2026. The move comes as consumers increasingly prefer account-to-account transfers over traditional card payments.
Ghana's Interior Ministry has paid all outstanding rent allowances to thousands of security personnel and introduced a new automated system to prevent future delays. Starting March 2026, officers will receive rent payments directly with their monthly salaries.
A Nigerian law student who lost his tuition fees to a cross-border payment nightmare turned that frustration into Startbutton Africa, a fintech now helping businesses expand across 15 African markets. From listing his own house on Airbnb to fund merchant payments to building a real solution, Mallick Bolakale's journey shows how personal setbacks can spark continent-wide change.
Nigeria doubled its digital payments to 11 billion transactions in just two years, building one of the world's most advanced payment systems. Now the Central Bank is tackling the next challenge: bringing 26% of adults still outside the financial system into the digital economy.
A fintech connecting businesses across 20 African countries just processed its 3 billionth mobile money transaction, revealing how digital payments are transforming commerce across the continent. The milestone shows Africa's $1.4 trillion mobile money economy is rapidly evolving beyond person-to-person transfers into a full business payment ecosystem.
Sustainable fashion company Reformation announced an ambitious "climate positive" goal in 2019, aiming to give back more to the planet than it takes. The move came after landmark climate reports pushed the company to rethink its entire environmental strategy.
A Nigerian fintech company is making it cheaper and easier for African businesses to get paid by international customers. Nomba's new payment system slashes transaction fees from 7% to nearly zero.
Onafriq is using stablecoins to send money across 40 African countries in minutes instead of days, cutting costs and delays that have plagued traditional banking for decades. The shift could transform how millions access faster, cheaper payments across the continent.
A South African fintech is making it easier for businesses to get paid across Africa, raising $2.1 million to expand its solution that turned six payment systems into one. Companies using the platform are seeing checkout conversions jump by 25%.
Kenya is cracking down on hospitals that pocket payment for medicines patients never receive. A new digital tracking system will reject reimbursement claims when prescriptions aren't dispensed.
Chief Justice Kudirat Kekere-Ekun is launching an ethics initiative targeting Nigeria's lower courts, where 70% of cases are heard but where neglect has created justice delays for millions. Her focus on grassroots reform could restore access to justice for ordinary Nigerians who can't afford higher court litigation.
Egypt is teaming up with financial technology companies to bring electronic payments and digital services to millions of citizens. The push aims to make government services faster, easier, and more accessible for everyone.
Ethiopia just unlocked $261 million in IMF funding after implementing major economic reforms. The achievement marks a turning point for the nation's financial stability and economic recovery.
Cuba's president unveiled sweeping economic reforms targeting tourism, agriculture, and trade to revitalize the island nation's struggling economy. The changes aim to reduce bureaucracy and open doors for private business in key sectors.
Millions of Nigerian freelancers and entrepreneurs can now receive PayPal payments for the first time through a new partnership with local fintech Paga. The integration opens access to 400 million global PayPal users and breaks down a barrier that's blocked Nigerians from the platform for two decades.
Ghana just streamlined its tax system to make shopping cheaper and doing business easier. The new reforms combine three separate charges into one simpler rate while removing pandemic-era fees.
From a Bengaluru flower vendor to a Mysuru silk shop, Karnataka's small businesses are using digital payments to streamline operations, access loans, and thrive. Their stories show how technology is empowering traditional merchants across India.
At a live demo in Lagos, different payment apps and bank systems finally talked to each other seamlessly. It's the breakthrough Nigeria's cashless economy has been waiting for.
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