Gadgets Africa
  • News
    Paystack co-founder Shola Akinlade acquires Danish football club

    Paystack co-founder Shola Akinlade acquires Danish football club

    AI company Cerebras releases ChatGPT-like models

    AI company Cerebras releases ChatGPT-like models

    China urges Apple to strengthen data security, privacy protection

    China urges Apple to strengthen data security, privacy protection

    FTX's Bankman-Fried faces new indictment of bribing Chinese officials

    FTX’s Bankman-Fried faces new indictment of bribing Chinese officials

    Google to launch new features for teachers, students

    Google to launch new features for teachers, students

    Substack launches community fund for writers to own stake in company

    Substack launches community fund for writers to own stake in company

    Alphabet seeks dismissal of US antitrust lawsuit against Google

    Alphabet seeks dismissal of US antitrust lawsuit against Google

    Oxbotica, Google partner to deploy self-driving software

    Oxbotica, Google partner to deploy self-driving software

    Meta plans lower bonuses for staff -Report

    Meta plans lower bonuses for staff -Report

  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders
Gadgets Africa
No Result
View All Result

Fintech gets CBN approval for payment services

by Agency Report
May 3, 2022
in FinTech
Reading Time: 1 min read
CBN set to launch N100m digitalisation fund

Godwin Emefiele

Share on FacebookShare on TwitterShare on Telegram

A financial technology organisation, Connect Point Technology Solutions Limited, has received regulatory approval to operate a Payment Solutions Service licence category.

The firm said a letter dated April 25, 2022 and signed by the Director, Payments System Management Department, the Central Bank of Nigeria, had granted an approval-in-principle allowing the organisation to operate a PSS license category as a super-agent in Nigeria.

It stated, “The organisation acknowledges that this is the first step in the process towards the issuance of a final approval, subject to the fulfilment of conditions stipulated by CBN in the letter.

“Recognising that it is within the rights of CBN to issue the final approval, Connect Point would focus on ensuring that its activities meet the stipulated conditions for that final approval.

“Connect Point Technology Solutions has a mission of leveraging technology in providing reliable payment services through agent banking and retail solutions while meeting the need of every customer. Its products are designed to promote financial inclusion in Nigeria and across Africa.”

Tags: CBNConnect Point
ADVERTISEMENT

Related Posts

Alleged hack: Tweeps react as Flutterwave freezes customers' accounts
FinTech

Alleged hack: Tweeps react as Flutterwave freezes customers’ accounts

by Marcus Amudipe
March 6, 2023
2022 Nigeria Fintech Week begins Oct 25
FinTech

2022 Nigeria Fintech Week begins Oct 25

by Marcus Amudipe
October 25, 2022
CBN, Clickatell launch eNaira USSD channel
FinTech

CBN, Clickatell launch eNaira USSD channel

by Enitan Daramola
September 21, 2022
Embattled Risevest CEO guilty of sexual impropriety - Panel
FinTech

Risevest CEO Eke Urum quits over sexual abuse allegations

by Enitan Daramola
August 30, 2022
Next Post
Nigerians use PoS 178.9m times in two months –NIBSS report

Nigerians use PoS 178.9m times in two months –NIBSS report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Firm creates access to salaries before payday

Firm creates access to salaries before payday

May 11, 2022
Twitter explores government ID-based verification

Twitter explores government ID-based verification

March 20, 2023

Trending.

Telecom subscribers' growth in Lagos, four others hit 56m

Telecom subscribers’ growth in Lagos, four others hit 56m

July 6, 2022
India fines Google $162m over market dominance

Google, TEF partner on fellowship programme

March 22, 2022
Facebook and Instagram

Mixed reactions as Zuckerberg announces charges for IG, Facebook account verification

February 20, 2023
Empowerment fund: Faleke declares Facebook account hacked

Empowerment fund: Faleke declares Facebook account hacked

December 15, 2022
Baidu

China’s ChatGPT-style project to undergo complete testing in March

February 7, 2023
Gadgets Africa

© 2023 Gadgets Africa.

Navigate Site

  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

Share

No Result
View All Result
  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

© 2023 Gadgets Africa.

Go to mobile version