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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Flutterwave has introduced a major upgrade to Send App, integrating currency exchange capabilities and international money transfers.
product upgrade, money transfer, FX , transactions , payments
Nigeria has instituted legal proceedings against Binance, seeking USD 79.5 billion in damages for claimed economic losses and USD 2 billion for unpaid taxes.
cryptocurrency, cryptocurrency exchange, crypto services, regulation
Coinbase has announced its partnership with Onboard Global in order to enable Nigerian users to buy and sell cryptocurrencies efficiently and securely.
partnership, cryptocurrency, P2P, P2P payments
contactless payments, debit card, transactions , partnership, Tap-to-Pay
Visa has made a strategic investment in African fintech Moniepoint to advance financial inclusion and support small and medium-sized enterprises (SMEs) across Africa.
partnership, funding, fintech, financial inclusion, SMEs
Currency technology provider Integral has announced that Access Bank Nigeria integrated its solutions to support its regional expansion and improve its FX pricing and distribution abilities.
digital banking, online banking, FX , financial services, partnership
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 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
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
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
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
WorldRemit has launched Naira currency remittances for Nigerians, available through bank transfer, airtime top ups, and at cash pick-up locations throughout Nigeria.
remittance, money transfer, product upgrade, cash
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
Multinational technology company Google has partnered with Africa-based card scheme Verve to allow Nigerians to pay with Naira cards on Play Store.
partnership, digitalisation, cross-border payments, financial inclusion, local payment method
Tosin Eniolorunda, Co-founder and CEO of Moniepoint, discusses Nigeria's shift to digital payments, fostering financial inclusion and empowering businesses.
digital payments, financial inclusion, mobile banking, online banking, mPOS