Regulatory
Global: UK Payments Regulator Proposes Interchange Fee Cap to Safeguard Businesses
The Payment Systems Regulator (PSR) is introducing a proposal to impose a cap on cross-border interchange fees for credit and debit cards to ...
Nigeria
Nigeria: CBN Set to Uphold Tight Monetary Policy Measures in 2024
Analysts predict that the Central Bank of Nigeria (CBN) is poised to maintain a tight monetary policy in 2024 as a strategic move ...
Regulatory
Global: Crypto Skills Shortage Challenges FCA’s Regulatory Efforts, Reveals National Audit Office Report
The Financial Conduct Authority (FCA) faced delays in registering crypto-asset firms under money laundering regulations in 2021 due to a shortage of crypto ...
Nigeria
Nigeria: Finance Minister Advocates Fiscal Policy Review and Tax Reforms for Nigeria’s Economic Revitalization
Mr. Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, has emphasized the urgent need for a comprehensive review of ...
Regulatory
Global: Reserve Bank of India Unveils Ambitious Plans for Fintech Repository and Cloud Infrastructure
The Reserve Bank of India (RBI) has revealed its strategic initiatives to launch a fintech repository and a state-of-the-art cloud facility for financial ...
Nigeria
Nigeria: CBN Halts Charges on Cash Deposits Above N500k Until April 2024
The Central Bank of Nigeria (CBN) has announced the suspension of processing fees on cash deposits exceeding N500,000, extending this relief measure until ...
Nigeria
Nigeria: NAICOM Urges Insurance Firm Directors to Uphold Ethical Standards
Directors of insurance firms have been encouraged by the National Insurance Commission (NAICOM) to adhere to ethical standards in their operations. Speaking at ...
Regulatory
Global: European Union Reaches Milestone Agreement on AI Regulations
In a groundbreaking development, Europe has achieved a provisional agreement on European Union regulations that will govern the use of artificial intelligence (AI), ...
Regulatory
Global: Enhanced Oversight Proposed for UK Financial Regulators on Critical Technology Suppliers
British banking regulators, including the Bank of England, Prudential Regulation Authority, and Financial Conduct Authority, have put forth proposals for increased scrutiny of ...
Africa
Africa: Flutterwave Secures 13 New Money Transmission Licenses, Expanding Services Across 29 U.S. States with Send App Remittance Solution
Flutterwave, the leading payments technology company in Africa, has successfully obtained money transfer licenses for 13 U.S. states, enhancing the speed, affordability, and ...