Discover all the payments and fintech-related news and analysis about Nigeria in The Paypers News, Reports, along with other Nigeria-specific insights on the payments and fintech industry:
Discover all the payments and fintech-related news and analysis about Nigeria in The Paypers News, Reports, along with other
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Mono has partnered with Mastercard, to introduce Mono's DirectPay Pay with Bank on the Mastercard Payment Gateway System (MPGS).
payment gateway, partnership, account-to-account payment, Open Banking
Nigeria’s Securities and Exchange Commission has released new rules to guide the issuance, custody, and exchange of digital assets, while also classifying them as securities.
digital assets, regulation, central bank, security token
Nigeria-based startup Zilla has announced its decision to halt its BNPL service in order to focus on the development of cross-border payment solutions.
product launch, product upgrade, payments , online payments, mobile payments, digital payments, cross-border payments, cross-border ecommerce, ecommerce
Nigeria-based banking-as-a-service (BaaS) provider Anchor has raised USD 2.4 million in a seed funding round to expand its product offering.
funding, investment, BaaS, product upgrade
Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector.
CBDC, central bank, digital currency, regulation
The Central Bank of Nigeria (CBN) has approved a rewards scheme for eNaira users, including merchants.
ecommerce, loyalty programme, QR payments, digital wallet, merchant
Nigeria-based commercial financial institution Wema Bank has announced the launch of an upgraded version of its corporate digital banking application, ALAT.
product launch, product upgrade, online banking, digital banking, mobile banking, digital onboarding, payments
Prophius and Mastercard have launched Tap on Phone technology to enable small businesses accept contactless payments using NFC-enabled Android phones.
partnership, financial inclusion, payments , NFC, contactless payments
Nigeria-based fintech Flutterwave has reportedly planned to further its initial public offering (IPO) after progress in resolving allegations of financial impropriety in Kenya.
IPO, payments , financial institutions, expansion, paytech, fintech, financial services
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
Nigeria-based fintech Flutterwave has announced that merchants can accept eNaira payments from their customers on their platform.
merchants, local payment method, payment processing, ecommerce, QR code, payment gateway
Nigeria-based fintech firm PennyTree has launched a new version of their app, designed to provide retail banking services for their clients.
product launch, online banking, ecommerce, online payments
Nigeria-based Funds & Electronic Transfer Solutions (Fets) has partnered with UnionPay International to issue virtual cards through the Fets app in Nigeria.
virtual card, mobile payments, digital wallet, digital payments, central bank
Nigeria has imposed a limit of USD 45 on cash withdrawals in a move to push consumers towards alternatives, including its own Central Bank Digital Currency (CBDC), the eNaira.
cryptocurrency, central bank, stablecoin, digital currency
Nigerian authorities have called for a USD 10 billion penalty against Binance, as the platform caused financial losses within the country by manipulating exchange rates.
regulation, cryptocurrency, cryptocurrency exchange, crypto, crypto asset, digital assets
Nigeria-based fintech, FrontEdge, has raised USD 10 million in a debt and equity seed round led by lead investor, TLG Capital.
funding, investment, SMEs, cross-border logistics
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
metaverse, NFT, product launch, Augmented Reality
Verve has announced its partnership with financial institution Moniepoint in order to launch the Moniepoint Verve Debit Card for Nigerian clients.
partnership, product launch, mobile banking, online banking, digital banking, debit card, finan, financial services, financial institutions
Nigeria-based fintech Cleva has announced that it raised USD 1.5 million in pre-seed funding, with the round being led by 1984 Ventures.
investment, funding, cross-border payments, online payments, bank account