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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 acquires Traction Apps

News | Payments General | 23 Oct 2024

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 drops money-laundering case against Binance executive

News | Cryptocurrencies | 25 Oct 2024

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 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

PennyTree launches retail banking app

News | Online Payments | 06 Jan 2023

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 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

Access Bank partners with Connected Analytics

News | Online & Mobile Banking | 20 Feb 2023

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

Bitnob introduces the Virtual Dollar Card

News | Cards | 22 Feb 2023

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

Zone taps ThetaRay's AI solution to safeguard payments in Nigeria

News | Digital Identity, Security & Online Fraud | 29 Mar 2023

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

Parallex Bank obtains USD 10 million trade finance facility

News | Online & Mobile Banking | 31 Mar 2023

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

Meta launches a new Metaverse experience in Africa

News | Cryptocurrencies | 28 Nov 2022

US-based Meta has launched its first Metaverse experience in Africa to help Nigerian creators explore new ways to connect with their communities.

metaverse, NFT, product launch, Augmented Reality

Nigeria imposes USD 45 limit on cash withdrawals

News | Payments General | 08 Dec 2022

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 launches SME Business School 5.0. in Nigeria

News | Online & Mobile Banking | 22 May 2023

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

Unlimint expands payment services to Nigeria

News | Payments General | 21 Apr 2023

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

VigiPay taps ThetaRay's AI solution for AML monitoring

News | Digital Identity, Security & Online Fraud | 27 Apr 2023

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

Wema Bank launches upgraded ALAT service

News | Online & Mobile Banking | 08 May 2023

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

Nigerian government extends electronic transfer tax

News | Online & Mobile Banking | 08 Mar 2023

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

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's FairMoney acquires PayForce

News | Online & Mobile Banking | 16 Mar 2023

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

Access Bank launches American Express cards in Nigeria

News | Cards | 12 Jun 2023

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

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