Six-Week Onboarding Freeze Impacts Card Demand for OPay and Moniepoint
In April 2024, a six-week customer onboarding freeze imposed by Nigeria’s Central Bank significantly slowed the demand for payment cards among two of the country’s largest fintechs, OPay and Moniepoint. According to point-of-sale agents and industry insiders, the inability to onboard new customers during this period reduced the appetite for cards, which are often issued […]
