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Clickatell enables access to eNaira services in Nigeria

News | Online & Mobile Banking | 20 Sep 2022

US-based CPaaS innovator Clickatell has partnered with the Central Bank of Nigeria (CBN) to deliver eNaira banking services to Nigerians using the USSD channel.

CBDC, mobile banking, digital wallet, digital payments, financial inclusion

Fintech startup Flutterwave obtains payments processing license in Nigeria

News | Payments General | 05 Sep 2022

Nigeria-based fintech Flutterwave has secured a Switching and Processing License by the Central Bank of Nigeria.

Flutterwave, IPO, payment processing, fintech, payment gateway

CBN adopts rewards plan for users of eNaira and merchants

News | Online Payments | 29 Aug 2022

The Central Bank of Nigeria (CBN) has approved a rewards scheme for eNaira users, including merchants.

ecommerce, loyalty programme, QR payments, digital wallet, merchant

Central Bank of Nigeria grants AIP licence to RoutePay

News | Online & Mobile Banking | 19 Jul 2022

The Central Bank of Nigeria (CBN) has granted an Approval In Principle (AIP) licence to RoutePay Fintech to provide digital payment products and services in Nigeria, to ensure financial inclusion.

digital payments, digital banking, mobile money, online platform

Central Bank of Nigeria modifies QR code payments

News | Mobile Payments | 06 Jul 2022

The Central Bank of Nigeria (CBN) has announced a significant adjustment to the QR Code Framework procedure, allowing both merchants and consumers to pay via QR codes.

QR code, QR payments, regulation, mobile payments, online payments, instant payments, central bank

MFS Africa raises USD 200 mln in Series C extension funding round

News | Online Payments | 15 Jun 2022

Digital payments network MFS Africa has announced it raised another USD 100 million in equity and debt funding led by Admaius Capital Partners

acquisition, expansion, funding, crowdfunding, cross-border payments, digital payments, online payments

Nigeria extends eNaira offering to phones

News | Cryptocurrencies | 14 Jun 2022

The Central Bank of Nigeria has announced extending the eNaira service to phones, after the launch of its central bank digital currency (CBDC) pilot in October 2021.

CBDC, digital currency, digital assets, cryptocurrency, central bank, stablecoin

Central Bank of Nigeria issues Open Banking framework

News | Online & Mobile Banking | 18 May 2022

The Central Bank of Nigeria has issued the Regulatory Framework for Open Banking in Nigeria in its efforts to improve competition and innovation in the banking system. 

Open Banking, regulation, financial services, banks, fintech

CBN offers AML guidance for the financial service sector

News | Digital Identity, Security & Online Fraud | 29 Apr 2022

The Central Bank of Nigeria (CBN) has released guidance on anti-money laundering and combating the financing of terrorism.

AML, CFT, regulation, compliance, fraud prevention

MTN's Mobile Money (MoMo) receives banking license in Nigeria

News | Mobile Payments | 12 Apr 2022

The Central Bank of Nigeria has approved the license for MTN’s Mobile Money (MoMo) payment service bank in the country, extending its services to wider banking operations.

mobile payments, mobile money, digital banking, financial inclusion, digitalisation

DPO Group gets regulatory licence to provide payments in Nigeria

News | Payments General | 26 Jan 2022

Kenya-based payment service provider DPO Group has been grated a regulatory license by the Central Bank of Nigeria to provide payment services to businesses across Nigeria.

expansion, digital payments, ecommerce, fraud prevention, merchants