Nigerian cryptocurrency exchange Bitmama has temporarily suspended its virtual Mastercard service due to unforeseen issues with its providers. The current situation comes as African fintech companies are facing card service challenges, including exchange rate fluctuations, chargeback fraud and insufficient funding. Some fintech companies blame provider issues, while others cite high costs and limited revenue opportunities. Despite these obstacles, some fintech companies such as Bitmama and Chipp...
Nigerian blockchain payments platform Bitmama has partnered with decentralized financial platform Mansa to improve cross-border transfer accessibility in Africa. The partnership aims to enhance consumer payment capabilities and support cross-border trade. Mansa's liquidity solutions have reportedly helped promote financial inclusion in other regions.