Thursday, February 25African Business News
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Tag: fintech

CBN issues new guidelines on e-payment, fintech development

CBN issues new guidelines on e-payment, fintech development

Business
The Central Bank of Nigeria (CBN) has issued fresh guidelines aimed at strengthening the payment system and development of other disruptive technologies relating to financial services. The regulatory frameworks are contained in two separate documents issued by the apex banks. The documents are created to address challenges in regulatory sandbox and quick response (QR) code payment operations in the country. “In furtherance of its mandates to, ensure the safety and stability of the Nigerian financial system, promote the use and adoption of electronic payments and foster innovation in the payments system, the Central Bank of Nigeria hereby issues the framework for QR code payments in Nigeria,” the CBN said in one of the documents that detailed the operational relationships among issuers,...
SEC leverages Fintech solution to ease market operation, regulation

SEC leverages Fintech solution to ease market operation, regulation

Business
Amid the Covid-19 pandemic, the Securities and Exchange Commission (SEC), has opted to leverage various opportunities available in the Financial Technology [Fintech] space to ensure proper operation and regulation of the capital market. Recall that the Commission recently launched the Fintech Roadmap for the Nigerian Capital Market, where a dedicated committee is working with it and other key stakeholders to implement the recommendations of the roadmap. Acting Director-General, SEC, Ms. Mary Uduk, who dropped the hint weekend, while speaking to journalists in Abuja, said the apex regulator has employed various means to ensure that the market is able to operate remotely, even as it ensures that investors are able to get the benefit of their investments at this critical time when they ...
Ecobank Group announces 2020 Edition of Fintech Challenge

Ecobank Group announces 2020 Edition of Fintech Challenge

Innovation
Ecobank Fintech Challenge was designed in partnership with the advisory firm Konfidants and is supported by several partners across Africa and globally Ecobank Group (Ecobank.com), the pan-African banking group, is inviting African fintech entrepreneurs to enter the 3rd edition of  the Ecobank Fintech Challenge. The Fintech Challenge  gives African start-ups the opportunity to promote their fintech solutions, and potentially  partner with Ecobank to roll-out  their solutions across Ecobank’s 33 markets in Africa as well as France. Ecobank welcomes  submissions from all start-ups and developers in any of Africa’s 54 countries to enter its 2020 Ecobank Fintech Challenge at https://www.Ecobank.com/Fintechchallenge All Finalists will be inducted as Ecobank Fintech Fellows, partici...