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Nairaland Forum / Nairaland / General / Business / CBN Stops Opay, Kuda, Palmpay, Moniepoint From Boarding New Customers (83 Views)
CBN Bars MFBs, Opay, Moniepoint From Registering New Customers - Gazette / Naira Falls After CBN Stops Forex Sales To BDCs / CBN Stops Sale Of FOREX To BDCs (2) (3) (4)
CBN Stops Opay, Kuda, Palmpay, Moniepoint From Boarding New Customers by Visblog: 8:36am On Apr 30 |
CBN stops Opay, Kuda, Palmpay, Moniepoint from boarding new customers Four Nigerian fintech companies have been directed by the Central Bank of Nigeria (CBN) to suspend onboarding new customers. The affected fintech are OPay, Palmpay, Kuda Bank, and Moniepoint. This directive comes amidst investigations into allegations that accounts on these platforms have been used for illegal foreign exchange transactions. A representative from two of the affected companies confirmed the CBN’s order is linked to these accusations. However, they noted that the directive might be misdirected, as the majority of the implicated accounts belong to commercial banks, not fintech platforms. “I can confirm that 90% of the accounts implicated in the illicit forex transactions are with commercial banks, and only 10% are with fintechs,” one of the sources said. “Why then has the CBN not extended this directive to the commercial banks? We face a widespread issue here, and targeting fintechs seems like an unfair focus on the more vulnerable targets.” https://www.visblog.ng/2024/04/cbn-stops-opay-kuda-palmpay-moniepoint.html
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Re: CBN Stops Opay, Kuda, Palmpay, Moniepoint From Boarding New Customers by Franzinni: 8:43am On Apr 30 |
The Nigerian way!!! Don't you just love it... It's different strokes for different folk |
Re: CBN Stops Opay, Kuda, Palmpay, Moniepoint From Boarding New Customers by Thewrath(m): 8:51am On Apr 30 |
Re: CBN Stops Opay, Kuda, Palmpay, Moniepoint From Boarding New Customers by Muhammad234: 9:27am On Apr 30 |
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