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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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
Nigeria-based clean mobility platform MAX and vbank, a digital bank powered by VFD Microfinance bank, have partnered.
partnership, financial inclusion, banks, digital banking, funding
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 Pocket has gained an approval in principle (AIP) to drive digital payments and inclusion for micro-entrepreneurs in Nigeria.
mobile payments, mobile money, e-wallet, social commerce, digitalisation
Nigeria-based KongaPay, a mobile money platform, has signed a deal with Bibimoney, a UK-based mobile wallet provider to onboard 65 million Nigerians to access financial inclusion.
partnership, financial inclusion, P2P, mobile payments, mobile money
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
The Central Bank of Nigeria (CBN) has demanded banks and other financial institutions in Nigeria to embrace opportunities represented by Open Banking to drive financial inclusion in the country, according to The Will.
Open Banking, central bank, regulation
Nigeria’s ambassador to Russia, Abdullahi Shehu, has announced that Nigeria and Russia are discussing the possibility of using the Russian Mir payment system cards in the African country.
partnership, payment processing, payments , credit card
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
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
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
UK-based Standard Chartered Bank, one of Nigeria’s largest commercial banks, has announced that it will suspend the use of its Naira debit card internationally from 1 August 2022.
credit card, debit card, spend management, banks
Nigerians embracing digital payments platforms are facing scams and getting hugely exposed to fraudsters, report shows.
fraud management, fraud detection, digital payments, scam
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