In a concerted effort to foster financial inclusion and bolster the digital payment landscape in Nigeria, fintech companies have been called upon to heighten their engagement in innovative endeavours and craft advanced solutions tailored to meet the expectations of their clientele. Akeem Lawal, the Managing Director of Payment Processing and …
Read More »CBN Unveils Framework for Open Banking
The Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria in its efforts to enhance competition and innovation in the banking system. It disclosed this in its ‘Operational guidelines for open banking in Nigeria’ released in May, 2022. The guidelines said, “The Central Bank of …
Read More »e-Payment Transactions Grew by 66% to N330 Trillion in 2021 -CBN
The Central Bank of Nigeria has revealed that electronic transactions (e-payment transactions) in Nigeria increased by 66 per cent year-on-year to N330 trillion in December 2021 from N198.61 trillion at the end of 2020. Delivering a keynote address at a conference tagged “The Future of Payments and Fraud: Catching the …
Read More »Mastercard Plans to Hire 500 Young Professionals in Crypto, Open Banking
Mastercard said it will hire more than 500 young professionals this year as it expands its data and services unit, an effort that will include launching consulting practices focused on crypto currencies and open banking. The payments giant will also develop a consulting practice focused on environmental, social and governance …
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