The Central Bank of Nigeria (CBN) has denied reports making rounds that it has suspended accounts of some Fintech companies like OPAY and PALMPAY describing it as fake news.
Although there have been complaints that the interest rates being charged by some of these are too high, it has not stopped many Nigerians from patronizing them
Nairametrics took a look at the ratings of these apps on the Google Play Store by users who have been using them.
The Financial Technology (Fintech) industry in Nigeria has come to stay, as it took the lead in Africa attracting $122 million in funds in 2019.
Though the year 2019 has come and gone, the financial service delivery it witnessed was a boom, as FinTech firms witnessed improved growth,
PalmPay has launched a new mobile wallet application in Nigeria to aid CBN’s cashless policy and reward users with bonuses.
Today, November 13, Palmpay, an African-focused mobile payment startup, will launch in Nigeria.
