The Federal Competition and Consumer Protection Commission has expressed concern over the growing trend of violations of its Limited Interim Regulatory and Registration Framework and…
View More FG to penalise internet banks for violating consumers’ rightsCategory: Fintech
The Central Bank of Nigeria reduces the estimated forex backlog by $4.8 billion.
After months of speculation around Nigeria’s FX backlog, Nigeria’s Central Bank Chief has said the country’s “valid forex backlogs” stand at $2.2 billion. The CBN…
View More The Central Bank of Nigeria reduces the estimated forex backlog by $4.8 billion.Nigeria’s Central Bank prohibits fintechs and banks from using foreign money transfer services.
As part of sweeping policy reforms aimed at improving liquidity in Nigeria’s FX market, the central bank (CBN) will no longer allow banks and fintech…
View More Nigeria’s Central Bank prohibits fintechs and banks from using foreign money transfer services.PayPal has laid off 250 workers in a recent layoff.
Global payment company, PayPal, has announced plans to lay off about 9 per cent of its workforce on Tuesday, per reports. This new round of…
View More PayPal has laid off 250 workers in a recent layoff.Breaking: Nigerian API-fintech startup Miden is the newest African selection of Y Combinator.
Miden, a Nigerian startup that allows businesses to issue virtual cards to their customers through its API, has been selected for Y Combinator’s winter 2024…
View More Breaking: Nigerian API-fintech startup Miden is the newest African selection of Y Combinator.Organisations work together to increase financial inclusion
Smartcash Payment Service Bank has collaborated with Stanbic IBTC Bank to boost access to financial services in the country. The subsidiary of Airtel Nigeria announced…
View More Organisations work together to increase financial inclusionLoan app harassment supposedly decreases by 80%, as in 2024 the FCCPC will release debt recovery regulations.
Harassment meted out on debtors by operators of loan apps and other digital money lenders has been reduced by 80 percent. This was revealed by…
View More Loan app harassment supposedly decreases by 80%, as in 2024 the FCCPC will release debt recovery regulations.Moniepoint ranks in Central Bank Insights’ Fintech 100.
For the second year in a row, Africa’s leading digital financial services provider, Moniepoint Inc, has announced its listing in the sixth annual CB Insights’…
View More Moniepoint ranks in Central Bank Insights’ Fintech 100.Flutterwave, an African payment giant, now operates in India – iT360 Magazine
According to reports, Flutterwave has partnered with IndusInd Bank to enter the Indian market. Olugbenga Agboola, Flutterwave Co-Founder and CEO asserts that this move makes Flutterwave…
View More Flutterwave, an African payment giant, now operates in India – iT360 MagazineKotani Pay generates $2 million pre-seed funding to facilitate offline crypto payments.
Kotani Pay, a Kenyan-based fintech startup, has raised a $2 million pre-seed funding round to expand into Rwanda, Senegal, Ivory Coast, Tanzania, and Nigeria. P1…
View More Kotani Pay generates $2 million pre-seed funding to facilitate offline crypto payments.