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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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Mastercard partners with Mono

News | Payments General | 03 Apr 2024

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

Zilla to focus on cross-border payments

News | Payments General | 23 Jan 2024

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

Brass acquired by investment group led by Paystack

News | Payments General | 29 May 2024

Nigeria-based Brass has been acquired by an investment group led by Paystack, with participation from PiggyVest, Ventures Platform, and P1 Ventures.

acquisition, investment, fintech, payments

Anchor raises USD 2.4 million in a seed funding round

News | Online & Mobile Banking | 05 Sep 2023

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

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

Accelerex launches Pay with Fingerprint in Nigeria

News | Payments General | 05 Jul 2024

Nigeria-based fintech Accelerex has deployed its Pay with Fingerprint solution on PoS terminals in Nigeria.

POS, biometrics, product launch, merchant, 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

Flutterwave to further IPO plans

News | Payments General | 23 Aug 2023

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

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

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

Quidax receives provisional licence from Nigerian SEC

News | Cryptocurrencies | 02 Sep 2024

Africa-based cryptocurrency exchange Quidax has been granted a provisional operating licence by Nigeria's Securities and Exchange Commission.

cryptocurrency exchange, cryptocurrency, regulation, compliance

O3 Capital partners with American Express for new cards in Nigeria

News | Cards | 09 May 2024

Nigeria-based fintech and non-bank credit card issuer O3 Capital has partnered with American Express to issue four new Amex credit cards in Nigeria.

credit card, Issuer, fintech, financial inclusion, SMEs

Funds & Electronic Transfer Solutions and UPI to launch virtual cards in Nigeria

News | Cards | 07 Nov 2023

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

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 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

Nigeria fines Binance with USD 10 billion in damages

News | Cryptocurrencies | 04 Mar 2024

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

FrontEdge raises USD 10 mln in equity and debt

News | Payments General | 24 Nov 2023

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

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

Verve partners with Moniepoint

News | Online & Mobile Banking | 11 Sep 2023

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

Cleva raises USD 1.5 million in pre-seed funding

News | Payments General | 08 Jan 2024

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