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Africhange secures IMTO licence to streamline remittance to Nigeria

News | Online Payments | 08 Nov 2024

Africhange has announced that its Nigerian branch, Currenzo, has obtained an International Money Transfer Operator (IMTO) licence from the Central Bank of Nigeria.  

money transfer, remittance, financial services, financial inclusion, cross-border payments

Fincra secures IMTO licence from CBN

News | Payments General | 12 Sep 2024

Fincra, a payment company, has obtained an International Money Transfer Operator (IMTO) licence from the Central Bank of Nigeria (CBN).

banking license, central bank, banks, cross-border payments, payments

CNB halts customer onboarding for four fintechs

News | Online & Mobile Banking | 30 Apr 2024

The Central Bank of Nigeria has halted account opening for new customers for four fintechs, including Kuda Bank, Moniepoint, OPay, and Palmpay. 

financial services, fintech, digital onboarding, KYC, fraud management

Nigeria's central bank upgrades eNaira with NFC features

News | Digital Identity, Security & Online Fraud | 24 Jul 2023

The Central Bank of Nigeria (CBN) has upgraded its CBDC mobile app with NFC technology to enable eNaira contactless payments.

CBDC, digital currency, NFC, product upgrade, financial inclusion

Central Bank of Nigeria approves Open Banking guidelines

News | Online & Mobile Banking | 13 Mar 2023

The Central Bank of Nigeria has approved the operational guidelines to Open Banking in Nigeria kickstarting a new era in the banking industry in Nigeria.

Open Banking, Open Banking Ecosystem, Open Finance, digital banking, digitalisation

Nigeria launches national payment card

News | Payments General | 30 Jan 2023

The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement Systems (NIBSS) have launched a national payment card aimed at boosting financial inclusion in the region.

product launch, partnership, payments , card scheme, payment methods, financial inclusion, transactions , FX , banking