The Federal Competition and Consumer Protection Commission (FCCPC) has ordered all financial technology companies (FinTechs) to stop providing payment or transaction services to digital money lenders under its investigation.
Financial Services in Nigeria is changing right before our very eyes. And sometimes it could be overwhelming. In this article, Benjamin discusses the most recently released license regulations—Payment Service Banks and an update to the Payment System Providers Licence..
History has shown us that when a new industry emerges, a handful of companies strive for market dominance. A time like this reminds us of the “race-of-the-telcos” in the early 2000s and the “war-for-ecommerce” in the 2010s. Who will capture the Nigerian Digital Financial Services Sector?
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