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The Central Bank of Nigeria (CBN) has imposed a ₦250 million ($190,000) fine on Paystack. Per TechCabal, the fine is for allegedly operating its new product, Zap, without the appropriate licence. Zap, a peer-to-peer money transfer app launched in March, functions as a wallet, which requires a microfinance or banking …
Read More »Paystack fined ₦250m as CBN tightens fintech oversight in Nigeria
