PalmPay

PalmPay rolls out Verve debit cards as Nigerian fintechs shift to local providersPalmPay rolls out Verve debit cards as Nigerian fintechs shift to local providers

PalmPay rolls out Verve debit cards as Nigerian fintechs shift to local providers

PalmPay, the Nigerian fintech with over 35 million users, has launched its first debit card in partnership with Verve, marking…

3 days ago
Moniepoint, OPay, PalmPay responded to 2024 ban with better data collection and complianceMoniepoint, OPay, PalmPay responded to 2024 ban with better data collection and compliance

Moniepoint, OPay, PalmPay responded to 2024 ban with better data collection and compliance

In 2024, Nigerian fintechs faced significant regulatory pressure, including fines and a six-week ban on onboarding new users due to…

2 months ago

Nigerian fintechs ramp up compliance hiring months after customer onboarding ban

Kuda Bank, Moniepoint, OPay, and Palmpay have responded to the central bank’s April ban by expanding their compliance and fraud…

5 months ago
Jumia hires ex-PalmPay manager, Anthony Mbagwu, to head its Nigerian fintech subsidiaryJumia hires ex-PalmPay manager, Anthony Mbagwu, to head its Nigerian fintech subsidiary

Jumia hires ex-PalmPay manager, Anthony Mbagwu, to head its Nigerian fintech subsidiary

E-commerce giant Jumia appointed Anthony Mbagwu as the managing director of its Nigerian fintech arm, JumiaPay. Mbagwu joins JumiaPay from…

8 months ago

Flutterwave, Kuda, Piggyvest named CNBC’s Top 250 Fintech Companies

Statista, a world-renowned market data provider, and CNBC, an American media company, listed seven African fintech companies—Flutterwave, Piggyvest, Kuda, MTN,…

8 months ago
Nigerian fintech startups could spend over $1 million on KYC address verificationNigerian fintech startups could spend over $1 million on KYC address verification

Nigerian fintech startups could spend over $1 million on KYC address verification

Following important changes to Know Your Customer processes by the Central Bank, fintech startups must now physically verify the addresses…

9 months ago
Exclusive: CBN directs four fintechs to stop onboarding new customersExclusive: CBN directs four fintechs to stop onboarding new customers

Exclusive: CBN directs four fintechs to stop onboarding new customers

Kuda Bank, Moniepoint, OPay and Palmpay have paused account opening for new customers following a directive from the Central Bank…

11 months ago