PalmPay Leads the Charge in Bringing Contactless Payments to Nigeria
PalmPay is launching tap-to-pay functionality in collaboration with CashAfrica to enhance digital payments in Nigeria. The pilot phase will begin with 1,000 POS terminals, with a nationwide rollout planned for March.
GTBank waives processing fees on POS terminals to boost merchant adoption
GTBank waives processing fees on POS transactions for businesses. The initiative took effect on February 11, 2025.
Moniepoint, OPay, PalmPay responded to 2024 ban with better data collection and compliance
Nigerian fintechs faced fines and a six-week ban on onboarding new users due to compliance issues. The Central Bank of Nigeria (CBN) retired 18 directors, leading to a shift in regulatory stance.
PalmPay eyes remittances as it mulls Asia Expansion
PalmPay is considering venturing into the remittance market as part of its expansion plans into Asia. The company aims to target the Middle East and Southeast Asia by 2025.
Next Wave: Open banking may harm borrower welfare by favouring fintech lenders
The world is moving toward an open-data economy driven by digital technology. Open banking is a major topic discussed at TechCabal’s Moonshot conference.
