The Central Bank of Nigeria (CBN) has upgraded the regulatory status of several major FinTechs and microfinance banks, a decision that expands their scope of operations nationwide while subjecting them to stricter supervision requirements. Opay, Moniepoint Microfinance Bank, Kuda Bank, Palmpay, and Paga are among the institutions affected, according to a CBN official. These companies,…...
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Nigeria: Central Bank expands licenses of major FinTechs nationwide
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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