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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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Nigerian neobank Kuda raises USD 25 mln

News | Online & Mobile Banking | 19 Mar 2021

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

News | Mobile Payments | 12 Apr 2021

PurplePay has launched its mobile payment solution, with Nigeria as the pioneer leading country.

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

Central Bank of Nigeria issues regulatory framework for Open Banking

News | Online & Mobile Banking | 18 Feb 2021

The Central Bank of Nigeria (CBN) in line with its mandate to promote financial system stability has issued the Regulatory Framework for Open Banking in Nigeria, according to proshareng.com.

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

Binance suspends Nigeria deposits after central bank ban

News | Cryptocurrencies | 08 Feb 2021

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

News | Cryptocurrencies | 08 Feb 2021

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

News | Mobile Payments | 15 Jan 2021

First Bank of Nigeria has launched the Virtual Payment debit 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

News | Mobile Payments | 15 Jan 2021

The Central Bank of Nigeria (CBN) has announced a 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

News | Digital Identity, Security & Online Fraud | 08 Jan 2021

The Guardian has revealed that Aella App is working with Amazon Web Services (AWS) to empower underbanked individuals through quick access to credit and other financial services.

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

Shago Payments launches ecommerce platform

News | Online Payments | 21 Dec 2020

Nigeria-based fintech Shago Payments has launched a bill payment and ecommerce platform that targets underbanked and underserved Nigerians.

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

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

News | Online & Mobile Banking | 17 Dec 2020

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

News | Online Payments | 15 Dec 2020

WorldRemit has launched a service for Nigeria-based customers that enables them to receive international transfers in their bank accounts in USD ahead of the Christmas celebrations.

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

News | Mobile Payments | 03 Dec 2020

Nigeria-based payment infrastructure solution provider Airopay has launched a digital payment app that will allow users to make transactions locally and internationally from their mobile devices.

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

Flutterwave launches refund policy for online shoppers

News | Ecommerce | 26 Nov 2020

US-based PSP Flutterwave has announced the launch of the Payment Protection Promise, a new refund policy to protect customers when shopping online on its payment platform. 

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

Paymentwall integrates Paga, Tingg, instant EFTs in Nigeria

News | Mobile Payments | 17 Nov 2020

Paymentwall expands its payment coverage in Nigeria to offer mobile money payments with Paga, Tingg, and instant EFTs.

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

First City Monument Bank partners with Open Banking Nigeria

News | Online & Mobile Banking | 06 Nov 2020

First City Monument Bank has announced that it is now a member of Open Banking Nigeria, an industry-focused non-profit body facilitating the advocacy, development, and adoption of a common standard for open API within the Nigerian financial ecosystem. 

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

Crown Agents Bank, Paga extend partnership for Africa expansion

News | Online & Mobile Banking | 03 Nov 2020

Crown Agents Bank has announced it is expanding its partnership with Paga to increase its payments reach in Nigeria, Africa’s largest economy.

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

News | Online & Mobile Banking | 19 Oct 2020

First City Monument Bank (FCMB), one of Nigeria’s financial institutions, has announced that it is now a member of Open Banking Nigeria.

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

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

News | E-invoicing, SCF & E-procurement | 12 Oct 2020

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

News | Mobile Payments | 01 Sep 2020

Fintech Volopa has announced that it is launching remittances service dubbed Oya. 

Volopa, Oya, mobile remittance, payments

Pngme, Open Banking Nigeria partner for API standardisation

News | Online & Mobile Banking | 30 Jul 2020

Open API solution provider Pngme has joined non-for-profit initiative Open Banking Nigeria for building a set of open APIs standards for the Nigerian financial services industry. 

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