Virtual card troubles, Thread carefully

Techpoint Africa Podcast

This episode is also available on YouTube - https://youtu.be/HtNJXbIJANk

Today on the Techpoint Africa Podcast, we discuss several hot topics sweeping the African tech space this week.

The stories:

• Payday suspends partnership with Mastercard
• South Africa's Information Regulator fines the Department of Justice R5 million
• PoS users in Lagos to pay more in transaction charges
• OPay caps free transfers to other banks to three daily

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Timestamps

00:00 - Intro

01:31 - Meta launches Threads

09:34 - Payday suspends Mastercard partnership

17:58 - Payday COO steps down

20:48 - South Africa's Department of Justice fined R5 million

25:25 - Lagosians to pay more for PoS services

34:51 - Opay caps free transfers to other banks

Useful links

• Meta’s Threads app launches in 100 countries, hitting 10 million users in 7 hours
• Payday suspends virtual card partnership with Mastercard, directs users to Visa
• Payday Co-founder to step down after 18 months
• South Africa's Department of Justice fined R5 million over ransomware attack
• PoS users to pay more in Lagos
• Nigeria's competition regulator bars PoS operators from increasing transaction fees
• OPay caps free bank transfers to 3 per day as economic realities set in
• MultiChoice Kenya to increase DStv and GOtv prices again

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at [e-mail]. Visit www.techpoint.africa/ for more stories.

Music - Beach by MBB - https://www.youtube.com/watch?v=dEnQ8dHwDSk