Browsing: Palmpay

Nigerian financial technology companies have cautioned their customers against engaging in cryptocurrency or any virtual currency trading on their applications, and have threatened to block any accounts found participating in such activities. At least four financial technology companies—Opay, Moniepoint, PalmPay, and Paga—have informed their customers about this development on Friday. Recently, the Central Bank of Nigeria prohibited major financial technology companies […]

Nigerian fintech companies have cautioned their customers against engaging in cryptocurrency or virtual currency trading on their apps, and have threatened to block any accounts found involved in such activities. Four fintechs—Opay, Moniepoint, PalmPay, and Paga—have informed their customers about this development on Friday. Last week, the Central Bank of Nigeria halted the operations of major fintech firms.