The Central Bank of Nigeria ,CBN, has lifted the ban imposed on fintechs, comprising of Monipoints, Kuda, OPay, Palmpay, Paga, and others.
With the lifting of the ban, the CBN has paved the way for the fintechs to resume opening of new accounts.
This comes about five weeks after the apex bank stopped the fintechs from onboarding new customers over concerns that their accounts were being used for illicit foreign exchange transactions.
Although the CBN has not issued any official statement regarding that, two of the affected fintechs, OPay and Kuda confirmed the development in separate messages to their customers on Monday.
