Breaking: Fidelity Bank restores transfers to OPay, Moniepoint, and Palmpay
- Fidelity Bank has restored transfers to neobanks OPay, Palmpay, Kuda, and Moniepoint.
- The reinstatement came after pressure from the Nigeria Inter-Bank Settlement System (NIBSS).
- Neobanks have become popular for their fast transactions and lower fees.
The restoration of transfers to neobanks by Fidelity Bank is a positive move that will benefit both customers and the bank. Neobanks have gained popularity due to their fast transactions and lower fees, making them a preferred choice for merchants and vendors. Fidelity Bank's decision to reinstate transfers shows a recognition of the importance of these neobanks in the market.
