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.
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.
JumiaPay appoints ex-PalmPay executive as new MD to revive the troubled fintech
JumiaPay appoints Anthony Mbagwu as Managing Director in Nigeria. JumiaPay has been struggling with operational losses.
Jumia hires ex-PalmPay manager, Anthony Mbagwu, to head its Nigerian fintech subsidiary
Jumia appointed Anthony Mbagwu as the managing director of JumiaPay. Mbagwu joins from rival fintech PalmPay.
7 questions about Zone's blockchain-powered PoS payment gateway and what makes it special
Zone launched Africa's first decentralised PoS payment gateway. The gateway promises speed, frictionless payment, and reduced chargeback and fraud.
