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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OmniRetail, a B2B eCommerce startup based in Nigeria, has acquired Traction Apps, a fintech firm that develops payment solutions for small businesses.
payments , ecommerce, SMEs, acquisition, fintech
Nigeria’s Economic and Financial Crimes Commission (EFCC) has dismissed a money-laundering case against Tigran Gambaryan, a senior executive at Binance.
cryptocurrency, money laundering, regulation, cryptocurrency exchange
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
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
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
Nigeria-based financial institution Access Bank has partnered with rewards platform Connected Analytics to launch a new product, Access Rewards.
partnership, product launch, POS, online banking, digital banking
Nigeria-based financial services provider Bitnob has launched the Virtual Dollar Card in order to help its users conduct seamless online payments.
cross-border payments, online payments, product launch, virtual card
Nigeria-based blockchain fintech Zone has planned to integrate ThetaRay’s SONAR AI technology to monitor and screen Zone’s transactions in Nigeria.
transaction monitoring, blockchain, fraud prevention, artificial intelligence, fintech
Nigeria-based Parallex Bank has obtained a USD 10 million trade finance facility from the African Export-Import Bank (Afreximbank).
funding, partnership, banks, trade finance
metaverse, NFT, product launch, Augmented Reality
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
Wema Bank has announced the launch of its SME Business School 5.0., a programme designed for the development of small businesses in Nigeria.
product launch, product upgrade, online banking, digital banking, mobile banking, financial services, financial institutions, SMEs
Global fintech Unlimint has announced expansion plans into Nigeria following the receipt of its Payment Solution Service Provider (PSSP) licence from the Central Bank of Nigeria (CBN).
expansion, PSP, payments , payments infrastructure, online payments, digitalisation, payment methods, fintech, B2B payments, transactions , financial services
Nigeria-based paytech VigiPay has chosen ThetaRay’s AI solution to combat money laundering, sanctions violations, and other financial crime risks.
AML, fraud prevention, transaction monitoring, fintech, artificial intelligence, digital payments
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
The Minister of Finance, Budget, and National Planning has issued a new Electronic Money Transfer Levy (EMTL) regulation focused on domiciliary accounts.
regulation, digital currency, online banking, digital banking, online payments
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-based credit-led digital banking platform FairMoney has acquired PayForce (sub-brand of YC-backed CrowdForce), a merchant payment services that serves small businesses.
acquisition, digital banking, payments , SMEs
Nigeria-based Access Bank rolls out two new consumer credit cards: the Access Bank American Express Gold card and the Metal Platinum card.
American Express, credit card, product launch, merchants, Issuer
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