Nigeria mandates POS geotagging, placing a 60-day test on fintechs

While the move may disrupt informal operators, it’s expected to strengthen trust in digital payments and improve traceability across Nigeria’s financial system.

UBA eyes small business market with massive pos terminal launch

UBA has launched 46,000 smart PoS terminals in Nigeria under its new RedPay brand, in a strategic move to reclaim market share from dominant fintechs like Moniepoint, OPay, and PalmPay.

Nigerian fintechs resume customer enrollment after crackdown

Kuda Bank, Moniepoint, OPay, and Palmpay, have resumed customer enrollment activities after a regulatory suspension period.