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Top TechCabal News
Central Bank · NigeriaThe Nigerian central bank's sweeping new rules require all point-of-sale (PoS) agents to operate under a single licensed provider from April 2026, ending the multi-operator model that has defined the country’s $70bn payments industry.See the Story
Nigeria’s CBN bans multi-operator PoS model to streamline agent banking
100% Center coverage: 1 sources
Nigeria · NigeriaThe Central Bank of Nigeria (CBN) has rolled out comprehensive new operational guidelines for agent banking, imposing a daily transaction cap of ₦1.2 million per Point-of-Sale (POS) agent and limiting individual customers to ₦100,000 per day, as part of efforts to enhance financial integrity, prevent fraud, and promote a cashless economy.The directive, detailed in a circular signed by Oladimeji Yisa Taiwo, Director of the Payments System Managem…See the Story
CBN Introduces Strict Transaction Limits for POS Agent to Curb Fraud
United Kingdom · United KingdomMoniepoint, Africa’s all-in-one financial ecosystem, has addressed recent media reports that its UK subsidiary, Moniepoint GB, incurred a loss of $1.2 million in its first year of operation. In a statement shared with Technext, the fintech unicorn clarified that what has been described as a loss, is in reality part of the early-stage “investment phase” […] The post Moniepoint Clarifies Reports of “Heavy Losses in The UK, Says It’s an Early-Stage…See the Story
