Nigerian fintech giant, Flutterwave, has recently announced that it has obtained two licenses from the National #Bank of Rwanda, allowing the company to offer its #payment services to over 13 million individuals and businesses living and working in Rwanda.

These licenses, known as the electronic money issuer and remittance licenses, which will enable Flutterwave to deploy its range of products, including cross-border money transfer solutions, payment links, invoices, checkout, and its store in Rwanda.

According to Flutterwave's CEO, Olugbenga Agboola, the company's commitment to its vision of linking Africa through payments has been reinforced by the granting of these licenses.

Flutterwave's East Africa Regional Lead, Leah Uwihoreye, also expressed her delight, stating that the licenses will allow Flutterwave to provide "safe, secure and seamless payment services" to individuals and businesses in Rwanda, a country well known for promoting digital technology and fostering innovation.

The British affiliate of #SiliconValley Bank distributed between 15 and 20 million pounds in incentives to management and personnel.

The British affiliate of Silicon Valley Bank gave out between 15 and 20 million pounds in incentives to management and workers (approximately 18.26 million to 24.35 million pounds). One million dollars (USD). It is thought the incentives were supplied to fulfill "previously negotiated payments" to "retain core staff". Prior to this, Sources who claimed that HSBC UK #Bank had paid £1 for the UK division of Silicon Valley Bank.

Despite the alleged claims that the incentives would not have been paid this week if SVB UK had not been acquired in a solvent manner, the payments were made. The shares held by the senior executives and other employees of the company were said to have lost all value as SVB UK was so close to filing for bankruptcy.

Another insider with knowledge of the matter asserted that the incentive payments were evidence of HSBC's confidence in SVB UK's talent pool and that they were intended to fulfill previously agreed-upon payments in an effort to retain key personnel. #SVB UK said earlier on March 17 that it was pleased to be joining #HSBC after 14 years of promoting and advancing the creative economy in the UK. A tweet was used to make this announcement.

The bank hopes that the bonuses will aid in attempts to retain employees and hire new ones. In a highly competitive job market, attracting and retaining top talent depends on providing alluring incentives and benefits. It is anticipated that this move by Silicon Valley Bank's UK branch will increase its appeal as an employer to financial professionals, enabling it to maintain its market leadership.