Nigerian neobank Kuda raises USD 25 mln

Nigeria-based Kuda has raised USD 25 million in funding to continue building out its ambition: to provide a modern banking service for Africans and the African diaspora.

funding, mobile banking, digital banking

PurplePay launches mobile payment solution

product launch, mobile payments, QR code, e-wallet, money transfer

Central Bank of Nigeria issues regulatory framework for Open Banking

Central Bank of Nigeria, Nigeria, Open Banking, regulation, online banking

Binance suspends Nigeria deposits after central bank ban

Binance has temporarily suspended deposits in NGN (Nigerian naira) in response to a letter from Nigeria’s central bank (CBN) instructing banks to close crypto accounts.

Binance, Nigeria, Bitcoin, CBN, crypto accounts, crypto trading, cryptocurrency

Nigeria's Central Bank to ban crypto accounts

The Central Bank of Nigeria (CBN) has ordered all banks to close any accounts transacting with cryptocurrencies.

Nigeria, crypto, Bitcoin, cryptocurrency, banking, crypto payment, CBN, exchange bankruptcy

First Bank of Nigeria launches the Virtual Payment Card

First Bank of Nigeria, product launch, Nigeria, Africa, FirstBank Virtual Payment Card, mobile payments, e-wallet, virtual card

The Central Bank of Nigeria announces framework for QR code payments

Central Bank of Nigeria, Nigeria, Africa, framework, QR, QR code payments, mobile payments, issuers, acquirers

Aella App, Amazon use Amazon Rekognition to empower underbanked Nigerians

Aella App, Amazon, partnership, underbanked, Nigeria, face identification, verification, automation, safety, financial services

Shago Payments launches ecommerce platform

Shago Payments, Nigeria, Africa, product launch, ecommerce, merchants

Nigeria-based API startup raises almost 1 USD mln in pre-seed funding

Nigeria-based API fintech startup, OnePipe, has announced that it raised almost USD 1 million in pre-seed investment.

OnePipe, Nigeria, investment, startup, funding, API, Open Banking

WorldRemit delivers USD bank transfers to Nigeria in time for Christmas

WorldRemit, Nigeria, Central Bank of Nigeria, international transfers, bank transfers, cross-border payments, money transfers, mobile payments, online payments

Airopay launches digital payment app in Nigeria

Airopay, Nigeria, Africa, product launch, mobile payments, transfers, cardless, remittances, bill payments, online purchases

Flutterwave launches refund policy for online shoppers

Flutterwave, product launch, Nigeria, Africa, Payment Protection Promise, refunds, online shopping, merchants

Paymentwall integrates Paga, Tingg, instant EFTs in Nigeria

Paymentwall, Nigeria, mobile money payments, Paga, Tingg, instant EFTs, ecommerce, digital wallet, KYC, mobile payments

First City Monument Bank partners with Open Banking Nigeria

First City Monument Bank, partnership, Open Banking Nigeria, Open Banking, API

Crown Agents Bank, Paga extend partnership for Africa expansion

Crown Agents Bank, Paga, payments , Nigeria, Africa, mobile money, money transfer, remittance, partnership, FX , cross-border payments

First City Monument Bank joins Open Banking Nigeria

First City Monument Bank, Open Banking Nigeria, API, standardisation

IFC, Union Bank to boost access to trade finance in Nigeria

IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business and enable increased international trade for Nigeria.

Nigeria, IFC, Union Bank, trade finance, Covid 19, financing , SMEs, letters of credit, trade-related promissory notes, Guarantees, bonds, advance payment guarantees

Volopa launches Oya, a mobile remittance service for UK Nigerian community

Volopa, Oya, mobile remittance, payments

Pngme, Open Banking Nigeria partner for API standardisation

Pngme, Open Banking Nigeria, partnership, API standards, Nigeria, Central Bank of Nigeria, financial inclusion, banks, consumers, API, toolkit, test environments, implementation standards, financial ecosystem, sandbox, data types, authentication