The Parliament of Uganda passed the National Payment Systems Act (the Act) in 2020 and a year later, the National Payment Systems Regulations 2021 (the Regulations) were passed to operationalise the Act. The objective of this regime is to cont..
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The Parliament of Uganda passed the National Payment Systems Act (the Act) in 2020 and a year later, the National Payment Systems Regulations 2021 (the Regulations) were passed to operationalise the Act. The objective of this regime is to cont..
The fintech industry in Nigeria has helped to expedite financial inclusion. To this end, over 20 million new bank accounts have been opened via traditional banks and fintech companies since 2020, bringing the total banked population in Nigeria..
Safaricom PLC (Safaricom) and Visa Inc (Visa) recently announced the launch of the M-Pesa GlobalPay Visa virtual card (the M-Pesa Card). The partnership comes amidst the Central Bank of Kenya’s issuance of its National Paym..
The financial services industry, like many spheres of life, has evolved as a result of the massive influence of globalization. With technology advancing at galloping speed, the banking sector has managed ..
In a year when two of Nigeria’s Fintechs (Flutterwave and Opay) acquired unicorn status, it became clear that the Fintech industry in the country had come of age. In line with this, there was a raft of new regulations affecting the industry. The l..
“Tempered by physical law, which adds a dash of necessity, chance becomes the creative force, the mover and shaker of our universe. All the beauty we see around us, from galaxies to sunflowers is as a result of this collaboration between chaos and necessity” – Peter M. Ho..
The Financial Services Commission, Mauritius (the “FSC”) is issuing the Financial
Services (Robotic and Artificial Intelligence Enabled Advisory Services) Rules 2021 (the
“Rules”) in line with the objectives of providing a conducive regulatory framework and
pr..
Technological disruption in the financial services sector has opened a new marketplace in Ghana to establish fintech companies.
“Open banking” involves the use of an application programming interface (“API”) and open-source technology to allow third-party developers, such as fintechs, to access data traditionally held by banks and develop applications or services around such data.