Fidelity Bank Reinstates Neobanks
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Nov 1, 2023 ·
1m 30s
Nigerian commercial bank, Fidelity Bank, has quashed its qualms with neobanks and reinstated customer transfers to OPay, Moniepoint, Palmpay and Kuda. Fidelity claimed that the removal was due to ongoing...
show more
Nigerian commercial bank, Fidelity Bank, has quashed its qualms with neobanks and reinstated customer transfers to OPay, Moniepoint, Palmpay and Kuda.
Fidelity claimed that the removal was due to ongoing upgrades, other sources stated that it was due to KYC violations from the neobanks.
Neobanks saysthat they had been in contact with the commercial bank to resolve all concerns. The reinstatement however was also due to one regulator, the Nigeria Interbank Settlement System, expressing displeasure at Fidelity’s move.
show less
Fidelity claimed that the removal was due to ongoing upgrades, other sources stated that it was due to KYC violations from the neobanks.
Neobanks saysthat they had been in contact with the commercial bank to resolve all concerns. The reinstatement however was also due to one regulator, the Nigeria Interbank Settlement System, expressing displeasure at Fidelity’s move.
Information
| Author | Africa Business Radio |
| Website | - |
| Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company
