The open banking regulation would usher in a transformation time for financial innovation and financial inclusion in Nigeria and Africa as a whole.
Early backers of open banking in Nigeria include but are not limited to Sterling Bank, KPMG, PwC, EY, Paystack, Teamapt, Wallet Africa, and OnePipe. The coalition now expanded to include the likes of Mono, Switch, Lendsqr, Palmpay, Carbon, and Trium.
Share this post
Open banking regulation in Nigeria is now approved by the CBN
Share this post
The Central Bank of Nigeria has approved the operational guidelines to open banking in Nigeria kickstarting an open banking regime in Nigeria. The guideline was released via a circular by Musa Jimoh, the Director of the CBN’s Payments System Management Department on March 7, 2023.
The open banking regulation would usher in a transformation time for financial innovation and financial inclusion in Nigeria and Africa as a whole.
Early backers of open banking in Nigeria include but are not limited to Sterling Bank, KPMG, PwC, EY, Paystack, Teamapt, Wallet Africa, and OnePipe. The coalition now expanded to include the likes of Mono, Switch, Lendsqr, Palmpay, Carbon, and Trium.
Openbanking | CBN Guideline