Regulatory

CBN releases regulatory framework for Mobile Money Services aiming to drive financial inclusion

In an effort to enhance financial inclusion, the Central Bank of Nigeria (CBN) has recently released Regulatory Guidelines and Framework for Mobile Money ...

By Regtech AfricaJuly 12, 20210

Regulatory

Zimbabwe: 27 Firms Fined for Abusing Forex Auction System

Twenty one more companies have now been found abusing the foreign currency auction system, bringing the total to 39, and of these, 27 ...

By Regtech AfricaJuly 11, 20210

Tanzania

Tanzania: BoT to Pilot New Payment System

The Bank of Tanzania (BoT) will this month start to roll out the first phase of its new payment system -Tanzania Instant Payments ...

By Regtech AfricaJuly 11, 20210

News

Bank of America launches a cryptocurrency research team

Bank of America has announced launching a cryptocurrency research team as institutional interest in the digital asset space continues to rise. The new operation ...

By Regtech AfricaJuly 11, 20210

Ghana

Ghana: MTN Ghana MoMo revenue outstrips that of Nigerian banks report says

Revenue generated by MTN Ghana’s mobile money exceeds that of the biggest banks in Nigeria report says. According to the report, MTN Ghana ...

By Regtech AfricaJuly 11, 20210

News

Grab-Singtel Consortium eyes Malaysian Digital Banking License

Multinational super app Grab and Singaporean telecommunications conglomerate Singtel’s joint venture enters bid for Malaysian Digital Banking license alongside other applicants after disclosed ...

By Regtech AfricaJuly 11, 20210

Africa

5G subscriptions to top 70 million in Sub-Saharan Africa by 2026

Two reports have been unveiled which together, forecast the post-pandemic world and the future of 5G in Sub-Saharan Africa and worldwide. The recently ...

By Regtech AfricaJuly 11, 20210

Africa

AfCFTA: Payment and settlement system to save Africa $5 billion annually – Sec-Gen

The Secretary-General of the Africa Continental Free Trade Area, Mr Wamkele Mene has revealed that the Pan-African Payment and Settlement System (PAPSS) would ...

By Regtech AfricaJuly 11, 20210

Nigeria

Nigeria’s Global Fintech Ranking Plummets to 57th, Lagos falls to 93rd

The 2021 Global Fintech Ranking indicated a fall in Nigeria’s Rank to 57th from 52nd despite its “highest number of fintech startups in ...

By Regtech AfricaJuly 10, 20210

Regulatory

EU might create a new AML watchdog

Brussels might have plans to strip the European Banking Authority of all its anti-money laundering duties and hand them to a new EU anti-money laundering ...

By Regtech AfricaJuly 10, 20210

CBN releases regulatory framework for Mobile Money Services aiming to drive financial inclusion

Zimbabwe: 27 Firms Fined for Abusing Forex Auction System

Tanzania: BoT to Pilot New Payment System

Bank of America launches a cryptocurrency research team

Ghana: MTN Ghana MoMo revenue outstrips that of Nigerian banks report says

Grab-Singtel Consortium eyes Malaysian Digital Banking License

5G subscriptions to top 70 million in Sub-Saharan Africa by 2026

AfCFTA: Payment and settlement system to save Africa $5 billion annually – Sec-Gen

Nigeria’s Global Fintech Ranking Plummets to 57th, Lagos falls to 93rd

EU might create a new AML watchdog

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