Nigerian Fintechs Reassure Users Following Misinformation on Regulatory Crackdown
Nigerian fintech companies are addressing user concerns following a memo from the Nigeria Inter-Bank Settlement System (NIBSS) advising banks and mobile money operators to delist unlicensed fintechs involved in direct consumer deposits. The directive targets firms with only superagent, payment solution service provider (PSSP), or switching licenses, which by regulation do not permit them to […]
Kippa Transfers Agency Banking Product KippaPay to Bloc’s GPay Platform
Nigerian fintech Kippa has transferred its agency banking service, KippaPay, to Bloc, a local fintech preparing to enter the banking space. KippaPay, which was shut down in October due to high costs after Nigeria’s naira devaluation, has now been integrated into Bloc’s payment subsidiary, GPay. While Kippa retains ownership of the product, Bloc will handle […]
