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CBN fines Moniepoint and OPay ₦1 Billion each as Nigeria tightens fintech regulation

https://techcabal.com/2024/12/....10/cbn-fines-moniepo

CBN fines Moniepoint and OPay ₦1 Billion in sign of tightening regulation
techcabal.com

CBN fines Moniepoint and OPay ₦1 Billion in sign of tightening regulation

The CBN imposed the penalties on Moniepoint and Opay after a routine audit of the fintech sector, which revealed compliance issues.