EMTECH, Global InfoSwift to deliver capacity building for banks and fintechs

NIGERIA – EMTECH, a Fintech for Central Banks, has partnered with Global InfoSwift (GIC), a leading IT services provider, to launch a new Nigeria-based partnership to deliver capacity building for banks and fintechs. The partnership will deliver in Central Bank Digital Currency (CBDC), Regulatory Sandbox Framework, and API & Open Banking. This partnership will enable Nigerian regulators, banks and local fintechs to accelerate the transformative changes seen in the evolving financial services regulatory environment. African central banks are moving forward with their innovation and digitization efforts across the continent, and…

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MTN opt for FinTechs in Nigeria for its customers to buy airtime following feud with Banks

NIGERIA – MTN Nigeria, a subsidiary of telecommunications company MTN Group, has announced ten alternative channels for its customers to buy airtime for their mobile devices after commercial banks disallowed MTN subscribers to use their channels. All the commercial banks, except Zenith Bank which was connected directly to MTN, thereafter barred MTN from their banking channels, leaving many MTN subscribers stranded and frustrated as they were unable to recharge airtime through USSD and bank apps amid the Easter celebrations.  “It will interest you to note that for the benefit of…

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