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As the financial services ecosystem in Nigeria continues its rapid development, DealHQ Partners provides a guide to the latest regulatory initiative regarding contactless payments
After a blockbuster year 2021, the venture capital (VC) market for startup investment is now pulling back amid uncertain macroeconomic conditions and market turmoil.
Obinna Chima writes on the benefits of the recently introduced Nigeria Quick Response Code in the country, which is expected to improve settlement, promote financial inclusion, help bring cash-related activities into the ecosystem for a better economy and reduce the cost of processing cash There is no doubt that over the years, Nigeria has made noticeable progress in its desire to create a robust payment system through several reforms targeted at restoring confidence in the system. Indeed, a sound payment system infrastructure, where operators and customers can transact business with confiden...
INTRODUCTION On 13 th January 2021, the Central Bank of Nigeria (CBN) released two regulations: the Framework for Regulatory Sandbox Operations ("Sandbox Framework") and the Framework for Quick Response (QR) Code Payments in Nigeria ("QR Code Framework"). The CBN stated that the frameworks are aimed at strengthening the payment systems space and the development of other disruptive technologies relating to financial services in Nigeria. We will briefly consider the frameworks and their potential impact for the financial technology (fintech) industry in Nigeria. The Sandbox Framework Owing to t...