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How Fincra API Will Enable Entrepreneurs in Africa

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How Fincra API Will Enable Entrepreneurs in Africa

How Fincra API Will Enable Entrepreneurs in Africa

 

Fincra is one of the most innovative Fintech companies in Nigeria, with a potential to become the biggest and revered in years to come. Since the establishment of the company, it has always strives to be at the forefront of financial institutions that is driving growth and development of businesses across the country. This is enabled through their different products which are tailored to suit their different customers which range from the likes of Entrepreneurs, business owners, merchants, individuals and many others.

The operation of Fincra in Nigeria’s financial market space has shown a lot of promise, which ensures that the company has a great prospect. It’s achievements within such a short period only points to the fact that it is the future of payment processing in Nigeria. Having established its brand across Nigeria on a gradual basis, Fincra is proving to be such a great presence in the financial community.

Having stated how efficient and credible the Fincra brand is, it is important to take a look at some of the benefits and functions which Fincra brings to the table for all its customers across the country. Fincra is responsible for speeding up digital payments in a country where a huge percentage of adults remain financially excluded. As a result, Fincra has shown ways in which open APIs can enable new financial and nonfinancial use cases for digital payments in developing countries, including for low-income customers.

How Fincra API Will Enable Entrepreneurs in Africa

Fincra helps businesses in Africa accept and process payments online from anyone, anywhere in the world. The company was established by engineers and business professionals who wanted to make it easier for businesses in Africa to secure digital payments. As ambitious as the goal seems to be, Fincra has shown that it is not beyond possible.

The online payments market in Nigeria during the time of launch can be seen as a bit competitive, as monthly transaction volumes reach in excess of $50 million. The belief at Fincra was that businesses can easily achieve their maximum potential, objectives and annual projections when digital payments are seamless, as it brings numerous benefits such as wider business exposure, reach to target audience, and so on.

For a much seamless payment service and processing for entrepreneurs and business owners on the platform, Fincra set up an API that offered solutions to each of the major concerns of entrepreneurs such as:

  • Merchants can start accepting payments in a matter of minutes rather than days, weeks or months. Businesses often face hurdles that make it hard to start accepting payments online. These could be related to inaccessible developer documentation, minimum turnover requirements, technical requirements or expensive integration costs.
  • Merchants do not need to have a registered business to open an account and start accepting payments. This is a big deal for small businesses and merchants in Nigeria. The International Monetary Fund estimated that the informal economy accounted for 65 percent of Nigeria’s gross domestic product from 2010 to 2014, far higher than the 38 percent average for Africa. To cater to this group of merchants, Fincra allows smaller businesses to get started with just their individual bank account details and an ID. As these businesses grow, they’re required to upgrade their business documents.
  • Online sellers can accept payments via a simple link, enabling them to sell online without a website. Social commerce in Nigeria is set to expand rapidly, with fast-growing youth populations and increased smartphone penetration driving consumption patterns. Fincra enables businesses to generate a link they can share with customers wherever it is they sell to them, whether Instagram, WhatsApp, Facebook or Twitter.

The APIs also allow merchants to collect payments in whichever ways their customers are most comfortable paying, including cards, mobile money wallets, QR codes and bank transfers. It also offers plug-ins for e-commerce platforms, such as Shopify and WooCommerce, to make it easy for more formal online merchants to accept payments.

  • Merchants receive their payouts the next business day. Managing liquidity is a stressful challenge for small businesses. Receiving money the next business day can affect the viability of businesses.

These solutions to the common problems facing business owners have brought significant benefits to the range of businesses involved. These benefits include different businesses experiencing improved revenues within a given period, larger customer base across Nigeria and international markets, easy access to target audience, and seamless business transactions. According to the Founder and Chief executive officer of Fincra, Wole Ayodele, Fincra has got the potential to increase the growth rate of more than 30,000 African companies by more than 50% within a period of one year. This fosters diversification of entrepreneur’s and merchant’s business portfolio over time.

All products and services offered by Fincra have unique features that make payment processing, daily transactions, and operations run in great order and ease. Products like Cross-border payments, B2B cross-border payment, B2C payments, and many others; provide businesses with a different direction that can potentially return huge dividends on an annual basis.

Fincra’s payments APIs are helping online businesses grow, and they are fostering a digital ecosystem of services. The company plans to extend its product range for merchants. It also plans to offer business development support services by integrating with software accounting tools that make life much easier and businesses simpler to run for entrepreneurs. Over time, Fincra will stamp its footprints on all regions across Africa, as its product offering provide direction, potential, and most importantly, credibility.

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BANKING

Network International appointed as Payment Processing Partner by MTN Group Fintech

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Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International appointed as Payment Processing Partner by MTN Group Fintech

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon   Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration.  Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”  

Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.

Distributed by APO Group on behalf of Network International.
About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.

About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.

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Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

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Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD, is thrilled to announce the launch of eNsc, a Nigerian Naira-referenced stablecoin pegged 1:1 to the Nigerian Naira. Built on the high-speed Lisk 2.0 Blockchain, eNsc combines monetary stability with blockchain innovation, allowing global investors to securely access tokenized high-yield opportunities like Nigerian Treasury Bills  while adhering to regulatory standards.

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Bridging Stability and Innovation

eNsc merges monetary stability with blockchain efficiency, operating within Nigeria’s robust regulatory framework led by the Securities and Exchange Commission (SEC) Nigeria. The SEC has prioritized creating a safe, transparent environment for blockchain innovation, exemplified by its Virtual Assets Regulatory Framework. These guidelines ensure market integrity, investor protection, and alignment with global standards—principles at the core of Prosperavest ESG’s operations.

“Our vision is to bring the Naira on-chain and democratize access to low-risk, high-return opportunities while upholding rigorous regulatory compliance. eNsc is more than a stablecoin—it’s a gateway to financial inclusion, blending the trust of traditional finance with the agility of blockchain.”— RaheemAnikulapo Ibrahim, CEO, Prosperavest ESG LTD

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Key Features of eNsc

  • 1:1 Naira Peg: Backed by reserves held in regulated institutions, eNsc ensures stability and direct convertibility with the Nigerian Naira.
  • Lisk 2.0 Blockchain: Fast transactions, low fees, and interoperability with decentralized applications (dApps) ensure seamless integration into digital ecosystems.
  • Compliance Assurance: Built with robust AML protocols, transparent reserve audits, and adherence to Nigerian Securities and Exchange Commission’s (SEC) regulations.
  • Exclusive Cashback Rewards: For a limited time, users who convert a minimum of $50 via the eNsc Converter at app.prosperavest.com will receive cashback rewards, rewarding early adopters of this groundbreaking stablecoin.

 

Unlocking Global Investment Opportunities

By tokenizing Nigerian Treasury Bills, eNsc removes geographic and financial barriers, enabling fractional ownership and instant cross-border settlements. This innovation aligns with Nigeria’s growing prominence in Africa’s digital economy, offering investors exposure to stable, yield-generating assets.

A Commitment to Safe, Transparent Finance

SEC Nigeria: Championing Safe Innovation

The SEC has been instrumental in fostering a safe, transparent, and innovation-friendly regulatory environment for blockchain and virtual assets, implementing robust frameworks such as the Virtual Assets Regulatory Framework. Their proactive approach ensures investor protection, market integrity, and alignment with global best practices—a commitment Prosperavest ESG proudly upholds.

“Our compliance and cooperation with regulators is non-negotiable,” added RaheemAnikulapo Ibrahim. “Trust is the cornerstone of financial innovation every aspect of eNsc—from its technical infrastructure to reserve management—is designed to exceed SEC standards, fostering trust in Nigeria’s digital future

 

Join the Future of Asset Tokenization

eNsc is now live on the Lisk 2.0 Blockchain. Institutions, developers, and investors are invited to:

Explore eNsc at https://prosperavest.com .

Participate in the cashback reward program by converting a minimum of $50 on the eNsc Converter: app.prosperavest.com.

Disclaimer

This announcement is for informational purposes only and not financial or legal advice. Digital asset investments carry risks, including volatility and potential loss. Investors are responsible for their decisions. ProsperaVest ESG Ltd remains committed to SEC compliance and will provide updates on approval status.

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IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

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IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX, a globally recognized online CFD trading service provider, has been honored with the prestigious “Best Trading Technology Provider” award at the 2025 BrokersView Award for Brokers with Outstanding Assessment. This recognition solidifies IUX’s standing as a leader in the online CFD trading industry, highlighting its dedication to innovation, user-centric design, and cutting-edge technology—exemplified through its groundbreaking Next-Gen Trade initiative.

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

About the BrokersView Awards

The BrokersView Awards are among the most respected in the trading industry, recognizing brokers that demonstrate outstanding performance, transparency, and technological innovation. The Best Trading Technology Provider award is presented to brokers that go beyond industry standards to offer exceptional trading platforms with advanced features, robust execution speeds, and user-friendly interfaces.

 

IUX’s win reflects its relentless commitment to providing traders with superior trading tools and an optimized platform, setting a benchmark for excellence in the CFD trading sector.

 

“We are deeply honored to receive this recognition from BrokersView,” said an IUX spokesperson. “This award highlights the hard work and dedication of our team in creating a platform that empowers traders globally. We will continue to drive innovation and deliver exceptional value to our users.”

 

Next-Gen Trade: Powering IUX’s Award-Winning Technology

A significant factor in IUX’s recent success has been the launch of Next-Gen Trade, a comprehensive initiative aimed at redefining the trading experience. This customer-focused project delivers cutting-edge technology and empowers traders with tools designed for speed, stability, and precision.

 

Core Features of Next-Gen Trade:

  • Ultra-Fast Execution: Trades executed in as fast as 30 milliseconds, giving traders an edge in volatile markets.
  • Consistent Spreads: Advanced spread management technology ensures stable spreads, even during major market events.
  • Customer-Oriented Features: Tools and resources tailored to help traders navigate complex markets with ease.

Next-Gen Trade exemplifies IUX’s commitment to enhancing the trading experience, directly contributing to the platform’s recognition as Best Trading Technology Provider.

 

Looking Ahead

The Best Trading Technology Provider 2025 award represents a significant milestone for IUX but is just one step in the company’s journey. IUX remains committed to continuous innovation, focusing on enhancing the trading experience for its global user base through further advancements in initiatives like Next-Gen Trade.

 

Discover More

  • Learn about IUX’s advanced trading solutions: Visit IUX

 

About IUX

IUX, operated by IUX Markets Limited, is a leading online CFD trading broker —IUX is committed to providing a secure, transparent, and user-focused trading experience to traders worldwide.

 

Disclaimer

Trading CFDs involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks involved before trading.

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