Magazine

CBN’s Ban on Opay, Palmpay, and Others: What You Need to Know

Posted on the 30 April 2024 by Naijaparry

Panic has gripped some bank customers following a recent directive from the Central Bank of Nigeria (CBN), which imposes a temporary ban on mobile money operators, including prominent fintech firms, from onboarding new customers. This regulatory move, backed by the Bank Customers Association of Nigeria, directly affects key players in the industry such as OPay, …


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