Nigeria's Inter-Bank Settlement System (NIBSS) grapples with downtime, causing delays in electronic transactions. Fintech firms notify customers of disruptions, hindering bill payments and transfers. Issues affect NIBSS's instant payment platform, impacting transfers to Kuda accounts and other...
In a significant move aimed at curbing fraud and addressing lapses in customer verification processes, the Nigeria Inter-Bank Settlement System (NIBSS) has issued a warning against unlicensed financial services companies masquerading as deposit-taking institutions. In a memo to banks, fintechs...
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