#34 Ghana turns its National ID into a Digital Wallet

Flutterwave has officially crossed a massive $40 billion in lifetime payments and secured a Nigerian banking licence, marking its evolution from a payment processor to a financial powerhouse. This milestone raises critical questions about the future of traditional banks as Africa’s most valuable startup gains the power to hold deposits and offer direct banking services.

Other interesting stories in this episode:

• Meta Ray-Ban smart glasses face privacy probe in Kenya
• Flutterwave and Paystack join the CBN’s new initiative to tighten anti-money laundering (AML) compliance.
• Ghana turns National ID into a payment card
• South Africa’s SARS plans to provide every taxpayer with a digital identity to streamline tax collection.

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