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Microsoft is partnering with Ankr to offer blockchain node services through Azure, enabling enterprises to access and utilize blockchain data efficiently. This collaboration aims to enhance Web3 infrastructure, facilitating smart contract deployment and transaction processes for various blockchains.

Telegram is launching an app store in July 2024, boasting 950 million users, and plans to enhance security against scams. The platform integrates blockchain technology and decentralized tools, enhancing user engagement with blockchain gaming and cryptocurrency transactions.

Afreximbank is reviewing Kenya's proposal to host a Pan-African payment system to facilitate intra-African trade. The system allows cross-border payments using local currencies, promoting Nairobi as a major financial hub.

dLocal, a leading cross-border payment platform, and AZA Finance, a prominent fintech company specializing in payments, foreign exchange, and cryptocurrency solutions in Africa, have entered into a strategic partnership to enhance their service offerings through mutual cross-selling.
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JuicyWay, a Nigerian startup for cross-border payments, has raised $3 million in pre-seed funding to enhance its operations in multiple countries. Founded in 2021, it facilitates currency exchange for businesses using stablecoins and has processed $1.3 billion in transactions.

South African banking giant, NedBank, plans to launch a novel use of smart contracts in the agriculture sector within the next 6-12 months, according to Cobus de Bruyn, Head of Client Value Propositions for Agriculture at NedBank Commercial Banking.

According to De Bruyn, smart contract

Centbee, a blockchain payments company from South Africa and the UK, secured $1 million in pre-Series A funding to enhance Bitcoin accessibility. The startup has processed 35,000 remittance payments into Africa and operates apps available on major platforms.

Nigerian fintech unicorn, Flutterwave, has expanded its presence in Ghana by integrating its ‘Pay With Bank’ Transfer product in collaboration with digital banking startup, Affinity Bank.
Growing in Nigeria, Pay with Bank transfers allows merchants to receive payments from their customers via a

The Reserve Bank of Zimbabwe launched a gold-backed digital currency on May 8, 2023, to stabilize the declining Zimbabwe dollar and offer an investment alternative. This initiative aims to expand economic value-preserving instruments and combat inflation.

M-PESA has partnered with Amazon to offer global remittance services, aiming to enhance its competitiveness in cross-border payments. With over 50 million users in Africa, M-PESA faces competition from established and emerging fintech players while expanding its services through previous partnerships.

Congolese startup Vault Pay has been selected for Y Combinator's Summer 2023 class, joining notable companies. Founded in 2023, it aims to develop payment infrastructure in Central Africa, enhancing banking services through telecommunications.

Nestcoin, a Web3 startup in Africa, has laid off employees due to funds being held in the FTX exchange following its bankruptcy. CEO Yele Bademosi emphasized the need to adjust the company's strategy and plans. The layoffs impact 30 employees, with remaining staff facing a 40% salary cut.

BuyCoins Africa, a pioneer cryptocurrency exchange in Nigeria, is phasing out its BuyCoins Pro service, as communicated to users via a letter.

Safaricom's M-PESA launched in Ethiopia has quickly gained 3.1 million customers and over 26,400 agents. The platform facilitates various financial services and is now interoperable with multiple banks, despite facing economic challenges.