24 of 24 regimes shown · USD-normalised at Q1-2026 mid-ratesSorted by active licensees · sources cited per row
Active licensees by regime
where regimes are open for business vs. paper tigers
Mature≥30
Active5–29
Emerging<5
Compare regimes
8 of 24 shown · sorted by licensees · click any row for detail| Country / Licence | Min capital | Held by | Notable licensees | Activities | Status | |
|---|---|---|---|---|---|---|
South Africa · Lending Credit Provider (NCA registration) · NCR | $30 | 7.8k | CapitecPayJustNowLulalend | Lend | Mature | |
Nigeria · Microfinance Microfinance Bank — Tier 1 Unit (urban) · CBN | $130K | 880 | Kuda MFBMoniepoint MFBSparkle MFB | Acquire · Issue +2 | Mature | |
Nigeria · Lending Money Lender Licence (state-issued) + FCCPC registration · FCCPC | $13K | 320 | FairMoneyCarbonBranch | Lend | Mature | |
South Africa · Crypto / VASP Crypto Asset Service Provider — FAIS Cat I FSP · FSCA | — Risk-based | 248 | LunoVALRBinance ZA | Wallet · X-border +1 | In transition | |
Senegal · Microfinance Système Financier Décentralisé (SFD) · DRS-SFD | $80K | 187 | ACEP SénégalMicrocred Sénégal (Baobab)PAMECAS | Lend | Mature | |
Nigeria · PSP Payment Solution Service Provider (PSSP) · CBN | $65K | 165 | PaystackFlutterwaveRemita | Acquire | Mature | |
Kenya · Lending Non-Deposit Taking Credit Provider (formerly Digital Credit Provider) · CBK | $155K threshold | 126 | TalaBranchM-KOPA | Lend | In transition | |
South Africa · PSP System Operator / Payment Clearing House Participant · SARB | — Risk-based | 70 | Peach PaymentsYocoOzow | Acquire | Mature |
16 more hidden
Methodology & sources
Each row is verified against the issuing central bank or regulator's primary publications (linked above) and cross-checked against published licence registers as at Q1 2026. USD equivalents use mid-market FX at the verification date and round to two significant figures. Time-to-licence reflects realistic end-to-end ranges including pre-application, AIP and final licence stages — not statutory minimums. This tracker is intelligence, not legal advice; engage local counsel for filings.