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3753 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.
Nigeria's central bank is introducing new regulations to prevent any single fintech company from dominating the country's booming $880 billion digital payments industry. The reforms aim to create a fairer, more sustainable financial ecosystem as the sector matures.
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.
India just guaranteed that digital payments under ₹2,000 will remain completely free, protecting millions who rely on UPI for everyday transactions. The government banned all direct and indirect charges to keep digital banking accessible for everyone.
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.
In 1930s India, when most reformers cited health reasons for birth control, one man wrote that women needed contraception for a single revolutionary purpose: personal freedom. Tamil reformer Periyar argued women would never be independent until they controlled their own bodies.
India just guaranteed that millions of everyday digital payments will stay completely free. The government officially blocked banks from charging fees on UPI and RuPay debit card transactions up to ₹2,000, protecting the country's digital payment revolution.
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.
India's digital payment system UPI now processes more transactions than any country in the world, transforming how over a billion people send money, pay bills, and invest. What started as an experiment a decade ago now handles nearly half of all real-time payments globally.
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.
A South African startup is helping tourism businesses keep more money in Africa by slashing international payment processing fees by up to 80%. TurnStay has already processed over $60 million in just six months while serving luxury safari lodges and hotels across five countries.
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.
Rwanda just made paying for things as easy as sending a text. The new eKash platform promises to bring instant digital payments to millions across the country.
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