PalmPay, a digital financial services provider, has announced the resumption of onboarding new customers. This development follows a thorough review by the Central Bank of Nigeria (CBN), ensuring compliance with regulatory standards. Effective immediately, both individual and business users can once again register for PalmPay’s services. The company expressed its […]
FINTECH
MoMo, the payment service bank under MTN’s ownership, has unveiled an open Application Programming Interface (API) with the aim of bolstering digital wallets within its platform. This move by the PSB encourages companies to seamlessly integrate the API for payment processing and collections. Despite digital wallet users constituting a mere […]
The Central Bank of Nigeria (CBN) has announced the imminent resumption of new customer enrollment for mobile money operators, including prominent fintech firms such as OPay, Palmpay, Kuda Bank, and Moniepoint. CBN Governor Olayemi Cardoso disclosed this during the 295th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday. […]
Nigeria’s central bank has reversed its decision to implement a contentious 0.5% cybersecurity levy on electronic transfers just three days prior to its scheduled enforcement. The revision comes following an amendment to the Cybersecurity Act in 2024, which expanded the levy’s coverage to include fintechs, payment service providers, and other […]
Whooping sum of $182 billion transaction volume from its client base on a spectacular trajectory is anticipated in 2023, according to business payments platform Moniepoint Inc. The microfinance bank was named “Africa’s Fastest Growing Financial Institution” by the Financial Times for the second consecutive year. Tosin Eniolorunda, the group chief […]
According to data, supportive legislation, and the Nigerian ecosystem’s easy-to-do business environment, the unbundling of the country’s fintech sector has undoubtedly grown exponentially over time.. However, In every evolving economy like Nigeria, concerns must be observed and have been observed in the digital FinTech Space. Among them are challenges with […]
9 Payment Service Bank (9PSB), Nigeria’s leading digital payment service bank dedicated to advancing financial inclusion, recently sponsored the Kano TechPrenuer Conference, a pivotal gathering for tech entrepreneurs. Held at the Meena Event Centre on Lodge Road in Kano, the conference, organized by IMH Global, centered on the theme “Empowering […]
PalmPay, a fintech platform, has joined forces with the Lagos State Government to enhance its agricultural venture. Together, they are providing robust payment solutions to empower both residents and businesses with the essential financial tools needed for success through the Food Discount Market initiative known as Ounje Eko. Ounje Eko, […]
Nigerian fintech firms are cautioning their users against participating in cryptocurrency or any virtual currency trading through their platforms, threatening to suspend accounts engaged in such activities. Specifically, Opay, Moniepoint, PalmPay, and Paga have relayed this directive to their users as of Friday. Recently, the Central Bank of Nigeria imposed […]
At the 2024 South-West Women Chamber of Commerce and Industry, Emerging Market Summit and Expo held at Lagos State Co-operative Federation (LASCOFED), 9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, reaffirmed its commitment to supporting Nigerian women entrepreneurs and Small and Medium Scale Enterprises (SMEs) through its agent […]