Just another News Updates
Kuda has announced a partnership with SeerBit, a payment gateway, to provide secure, quick, and easy online cardless payment options for its over 7 million customers. “Our partnership with SeerBit underscores our commitment to providing secure and user-friendly financial services. With their Kuda Pay ID, our customers can make online payments without the fear of […]
In response to concerns over money laundering and terrorism financing, the Central Bank of Nigeria has temporarily halted the onboarding of new customers for mobile money operators and fintech firms. The Bank Customers Association of Nigeria stands behind the CBN’s decision, emphasizing the importance of stringent regulations to maintain the integrity of financial institutions. Fintech […]
Fidelity Bank has reestablished the ability to transfer funds to neobanks including OPay, Moniepoint, Palmpay, and Kuda, a few weeks after temporarily blocking these transactions due to concerns related to rising fraud and customer verification issues. Sources within the neobanks have confirmed that Fidelity Bank has now reinstated customer transfers to these financial platforms. Approximately […]
Fidelity Bank, a Nigerian commercial bank, has implemented restrictions on fund transfers to neobanks like OPay, Palmpay, Kuda, and Moniepoint, citing concerns about their lax Know Your Customer (KYC) processes, which have been linked to a surge in fraud cases. Multiple sources with direct knowledge of the matter have confirmed that Fidelity Bank is now […]
The Central Bank of Nigeria (CBN) has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY. CBN’s Acting Director of Corporate Communications, Isa AbdulMumin, told the News Agency of Nigeria (NAN) in Abuja on Friday that the viral news “is simply fake’’. The viral news […]