Cross-border remittances remain one of the most complex and fragmented areas of global payments, particularly across emerging-market corridors where delivery uncertainty, high costs, and infrastructure gaps continue to affect operators and recipients alike.

With the global remittance market projected to grow to $270.81 billion by 2032, the pressure on money transfer operators to deliver fast, reliable payouts at scale has never been greater.

Through this partnership, dLocal connects National Exchange to local payment infrastructure across 18 markets through a single integration, removing the need to manage multiple local providers or entities. National Exchange can settle payouts in local currency, with faster delivery times and higher conversion rates across all supported corridors.

In Africa, National Exchange customers can send funds via bank transfers and eWallets across Nigeria, with access to all major banks, as well as Senegal, Ivory Coast, and Egypt. In APAC, recipients in the Philippines can receive funds via GCash, Maya, GrabPay, and a wide range of other local eWallets.

Across Latin America, recipients in Brazil can access funds instantly through PIX, available around the clock, as well as via bank transfers in Chile, Peru, Ecuador, Costa Rica, Guatemala, Honduras, and Paraguay.

“Our customers expect fast, transparent, and dependable remittances,” said Mr. Ifath Farazy, CFO at National Exchange. “With dLocal’s local rails and coverage, we strengthen payout reliability and reach, improving delivery times and ensuring recipients can access funds through the methods they use most.”

“Remittance operators are under real pressure to deliver,” said Martin Sapiurka, head of Remittances at dLocal. “Their customers are sending money to family members who depend on it arriving quickly and in full. Working with National Exchange, we’re making sure that last mile works reliably, whether that’s an instant PIX transfer in Brazil, a mobile wallet in Ghana, or a bank deposit in Morocco. That’s what local rails are for.”

The deal, announced Monday, gives OpenAI access to hundreds of thousands of Nvidia GPUs hosted on Amazon’s cloud and is a realignment in the power dynamics of the global tech industry.

The partnership allows OpenAI to immediately begin deploying workloads on AWS infrastructure, which will scale up through 2026 with room for expansion into 2027 and beyond. 

Amazon’s specialised EC2 UltraServers will connect Nvidia’s most advanced processors, H100 and Blackwell chips, through high-speed networks designed for low latency and maximum performance.

For OpenAI, the agreement is part of a goal to build 30 gigawatts of computing capacity, backed by a $1.4 trillion investment plan that highlights the sheer cost of sustaining frontier AI research. 

CEO Sam Altman stressed the scale of the challenge, saying, “Scaling frontier AI requires massive, reliable compute. Our partnership with AWS strengthens the broad compute ecosystem that will power this next era and bring advanced AI to everyone.”

Amazon’s cloud chief, Matt Garman, described the move as a turning point for both companies: “As OpenAI continues to push the boundaries of what’s possible, AWS’s best-in-class infrastructure will serve as a backbone for their AI ambitions.” 

The announcement immediately lifted Amazon’s stock by 5% in premarket trading, adding roughly $330 billion to its market value, its biggest single-day gain in a decade.

The deal follows OpenAI’s recent restructuring, which ended Microsoft’s exclusive cloud arrangement and freed the company to engage multiple infrastructure partners. Although Microsoft still holds a 27% stake in OpenAI, the company has also signed cloud agreements with Google and Oracle, further diversifying its supply chain and reducing reliance on any single provider.

OpenAI’s new partnership with AWS also reveals the competition among the tech giants to control the world’s AI computing backbone. Companies are stockpiling GPUs, expanding data centres, and betting heavily on infrastructure to train and deploy ever-larger models.

Earlier this year, OpenAI’s models became available on Amazon Bedrock, bringing its technology to millions of AWS customers across sectors such as media, health, and data analytics. 

Monday’s announcement pushes that collaboration to an entirely new scale that could change how global AI systems are built and deployed.

With the world’s biggest tech firms spending at unprecedented levels, analysts say the OpenAI–Amazon partnership represents both ambition and risk. 

The scale of investment required to power AI systems is nearing levels once reserved for national infrastructure projects, leading to concerns that the competition could create the industry’s next financial bubble.

Still, for now, the partnership gives OpenAI what it needs most, raw computing muscle. And for Amazon, it offers a decisive edge in the most lucrative race in modern technology: the vision to power the intelligence of the future.

In fact, it is worse in Africa where people hardly plan for anything, they leave everything to God!!! But that will no longer be you, after going through this piece.

So, what is it about business, and the management of it finance? Business is the practice of making one’s living or making money by producing or buying and selling products such as goods and services. It is also “any activity or enterprise entered into for profit.

Business therefore is an Occupation, Profession, Trade, or is a commercial activity which involves providing goods or services in exchange for profits. Important to point out here that profits in business is important, but cannot be measure absolutely in monetary terms. It can be in form of a benefit which is acknowledged by a business entity involved in a business activity.

Behind every business is a driven idea, concept and motivating factor(s), this set the pace for the business model, plan, vision, and mission.

Uber, for example, started on the concept of aggregating taxi drivers and providing their services on demand under one brand.

Every other business strategy was developed based on this concept. Business objective of every organization can revolve round customer satisfaction among others important objectives.

It is therefore, safe to classify business under: Manufacturing, that is a business venture where the producers who develop the product and sell it either directly to the customer or the middlemen to conduct sales. Examples of manufacturing businesses are steel factories, plastic factories, etc.

There is also the service providing business, with a focus on selling intangible goods to the consumers. Unlike tangible goods, services cannot be stored or separated from the provider. Service firms offer professional services, expertise, commission-based promotions, etc. Examples include salons, schools, consultancy, and the communication industry.

In terms of ownership, Sole Proprietorship, Partnership, Corporation, Limited Liability, Company Cooperative suffice each with its particular specificity.

Now that you have a good grasp of the ABC of Business, coming closely and cardinal to the birthing of a business idea is the funding.

Simply put the money, either to drive the business, to keep it going or to perpetually sustain it. “Someone has said the Finance management is the business itself” and I will like to add that (Finance) management is the beginning and end of every business venture.

It is therefore a component Key that must be learn for every business owner. You have not learnt anything, if you have not learnt the Finance aspect of Business.

At Techeconomy, we care about you, by now you should know that, so we present to you guides that will help you manage your finance as a business owner.

Did you know the 82% of businesses fail due to money mismanagement? And the funny part is that most business owners fail at money management because of lack of awareness. But who do you want to blame for your ignorance?

No one. As the leader of your business, you are the person in charge who makes the final decision about your business.

You need to ensure that you have a solid financial understanding of your business to make decisions that will impact your bottom line positively.

So taking a frontal role in our guide to effective Business finance, is a Regular Review of the Organization’s Finances. That is Schedule regular reviews of your financial statements to assess your business’s overall financial health. Business is like human being, its financial status cannot and must not be left on check.

As entrepreneur, you must also make it a priority to prepare for Taxes

That could mean staying organized for tax season. Keep accurate records, understand tax obligations, and consider consulting a tax professional as may be appropriate.

Of course, using financial software and accounting software to simplify tasks like bookkeeping, invoicing, and financial reporting will go a long way.

Please pay yourself too

If you’re running a small or midsize business (SMB), it can be tempting to put everything into your day-to-day operations. After all, that extra capital can often go a long way in helping your business grow.

Alexander Lowry, a professor and director of the Master of Science in Financial Analysis Program at Gordon College, said small business owners shouldn’t overlook their own role in the company and should compensate themselves accordingly.

You want to ensure that your business and personal finances are in good shape.

“Many SMB owners, especially at the outset, neglect to pay themselves,” he said. “They [believe] it’s more important to get the business up and running and pay everyone else. But, if the business doesn’t work out, you won’t have ever paid yourself. Remember, you’re part of the business, and you need to compensate yourself as much as you pay others.”

Invest in growth

You need to inculcate this, if you have not been doing it before now. It’s important to set aside money and look into growth opportunities, which can allow your business to thrive and move in a healthy financial direction.

Edgar Collado, chief operating officer at Tobias Financial Advisors, said business owners should always keep an eye on the future.

“A small business that wants to continue to grow, innovate and attract the best employees [should] demonstrate that they are willing to invest in the future,” “Customers will appreciate the increased level of service. Employees will appreciate that you are investing in the company and in their careers. And ultimately, you will create more value for your business than if you were just spending all your profits on personal matters.”

You must also, Monitor the Cash Flow

Regularly review your cash flow to ensure you have enough to cover expenses. Identify any potential issues early.

Invest Wisely

Consider your options for investing profits to generate additional income or save for future needs. Plan for the Future: Develop a long-term financial plan that includes goals, savings, and strategies for growth. This will help a great deal in good billing strategy.

Oh!!, this is becoming a long read, but wait, I must tell you this. Focus on expenditures, return on investment (ROI), and lastly set up a good financial habit.

You don’t grow big to manage well, you manage well to grow big. So go and win!!!!

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This synergistic alliance functionally introduces VIPASO, an innovative solution comprised of two distinct applications: a consumer app and a merchant app, on Interswitch’s platform, starting in Kenya, with progressively rapid regional adoption expected.

The applications seamlessly operate between a smartphone/feature phone (consumer) and a smartphone/feature phone (merchant) or between a smartphone/feature phone (consumer) and an Android Point of Sale terminal (merchant).

The VIPASO solution utilizes Bluetooth low energy connectivity and offers an alternative payment method for consumers in scenarios where traditional card or mobile phone payments are inconvenient or hindered by unreliable internet connectivity.

The solution not only addresses operational inefficiencies but also aligns with the overarching goal of enhancing financial inclusion in the East African market, offering a reliable, accessible, and efficient payment solution for businesses and consumers alike.

VIPASO’s integration with Interswitch marks a significant leap towards bridging gaps in the payment industry, setting a new standard for secure, convenient, and inclusive financial transactions in the East African region.

“As a strategic response to evolving challenges, this collaboration not only fortifies the security of financial transactions but also underscores Interswitch’s commitment to fostering digitalization and financial inclusion in Kenya”, said Romana Rajput, Interswitch Country General Manager for Kenya. “The VIPASO solution reflects Interswitch’s dedication to being a catalyst for industry innovation, adapting to changing trends, and meeting the evolving needs of customers in the pursuit of reliable solutions for financial inclusion.”

“We are honoured to partner with Interswitch in East Africa on our mission to make VIPASO technology available to everyone, everywhere.”, said Matthias Horvath, CEO at VIPASO. “We started VIPASO with a goal to make POS (point of sale) payments simple, reliable, safe and universal. The partnership with Interswitch marks significant progress towards achieving this goal.”

“VIPASO’s mission is to deliver accessible financial services around the world.”, said Wolfgang Platz, President at VIPASO. “We are delighted to partner with Interswitch East Africa (Kenya) Limited to deliver upon that mission and offer new innovative payment options for the region.”

“In envisioning a future marked by seamless payments, Interswitch remains steadfast in its mission to redefine the payment landscape.”, said Naomi Wachira, Head of Technology at Interswitch East Africa. “The integration of the Software Development Kit APIs signals a transformative shift away from manual input of merchant and customer details. This advancement not only eradicates the risks of errors but also paves the way for swift and error-free process, aligning with Interswitch’s commitment to efficiency and innovation in the evolving realm of payment solutions.”

The partnership represents a step-change in the way both businesses address the needs of the market, serving as a bridge that helps bring a new level of convenience, simplicity and reach to the world of PoS (Point of Sale) payments.

Nigerian energy consumers have been trying for decades to get meters, but only 8.1 million of the country’s 12.8 million subscribers have received the gadget.

According to Nigerian Electricity Regulatory Commission (NERC), only about 4.66 million end-users, representing 36 percent of the entire pool had been fully metered at the end of November 2021.

Recall that the Central Bank of Nigeria (CBN) supported the federal government’s commencement of the National Mass Metering Programme (NMMP) in September 2020, which, despite its slow progress, has helped the metering activities speed up.

The metering plan, like others, aims to boost Nigeria’s metering rate, do away with arbitrary estimated billing, and enhance the local meter value chain by expanding local meter manufacture, assembly, and deployment capabilities.

“In trading, there are different markets that can be explored, and we are exploring different ways to make Nigeria our top trade partner. It is important to note that, sometimes, it is about the quality one has to offer,
Ben Llewellyn-Jones, British Deputy High Commissioner (DHC) Nigeria said last week.

“The UK is known to have one of the most sophisticated meterings in the world, which would make a quality difference in Nigeria when it comes to the electricity sector as consumers would get the best value for their money spent.

“In terms of services, there are different British schools in the country as well as various partnerships with universities across the country. This goes to show that we are also about substance.

“We are committed to ensuring that we explore every opportunity available to strengthen the bilateral relationship between both countries,” he said.

Trade Partnership with the UK

Nigeria and the United Kingdom (UK) are strong allies, constantly exploring strategic ways to deepen trade policy cooperation in the interest of both countries.

According to Ben, trade volume between the UK and Nigeria stood at £5.5 billion, while UK imports from Nigeria, amounted to £2.2 billion.

Recall that the UK government in August 2022 introduced the Developing Countries Trading Scheme (DCTS) that would encourage and improve the exportation of goods from Nigeria.

Nigeria will benefit from enhanced preferences under the DCTS, given that 99 percent of current goods exports amounting to £1.6 billion per year would be eligible for duty-free, quota-free access to the UK.

“With the introduction of the DCTS, which would take off in April, 99 percent of Nigeria’s exports to the UK would be duty-free, as we see this as a real opportunity to improve trading between both countries.”

The UK market is a very large one. So, we have reached out to small and large businesses in different parts of the country. This is intended to help exporters and other people in the trading business to make the United Kingdom an export destination.

“Also, it is important to note that our government has been carrying out a lot of work in the country through initiatives such as British International Investment, which looks into the possibilities of investment and provides them.

“We work closely with the Nigerian authorities to overcome some challenges that come with investing in the country and we are also working on several ways to further strengthen the relationship between both countries,” he said.