Absa and Visa have announced a partnership aimed at enhancing digital payment systems across Africa.

• Objective: Accelerate access to secure and inclusive digital payment infrastructure.
• Key Person: Saviour Chibiya, Chief Executive of Absa Regional Operations.
• Notable Detail: The partnership will support small and medium-sized enterprises (SMEs) with tools like virtual business cards and expense management solutions.

Luno has launched crypto staking in Nigeria, allowing users to earn up to 18% annually by holding select cryptocurrencies without trading.

• Users can stake any amount and withdraw anytime, with no long-term commitments.
• Ayotunde Alabi, CEO of Luno Nigeria, stated, “Nigerians are looking beyond short-term trading,” emphasizing the importance of sustainable value.
• This feature is significant as it provides a regulated, local alternative for passive income, addressing the needs of Nigerian users previously relying on unclear offshore platforms.