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After chargeback fraud debacle, Union54 CEO says fintech in Africa ‘isn’t child’s play’

Nine months after Union54 encountered overwhelming chargeback fraud that made it shut down temporarily, its CEO shares some lessons.

4:52 am PDT • March 29, 2023
After chargeback fraud debacle, Union54 CEO says fintech in Africa ‘isn’t child’s play’

Last Friday, Barter, the consumer app of Africa’s most valued startup Flutterwave, told customers via email that they would not be able to access its virtual dollar card service from…

African fintechs halt virtual dollar cards after Union54 chargeback fraud surge