‍

The introduction of fintech solutions in financial services in Nigeria has resulted in ease of accessing financial services and encouraging the unbanked to adopt these solutions. While their regulatory compliance framework is not as strict as that of traditional financial institutions, there are legal and regulatory compliance requirements that these companies must meet to be able to provide services in Nigeria.
Our Associate Funmi Akinpelumi, in this Article, identifies comprehensively, the legal requirements for the operation of payment services in Nigeria such as licenses required for operations as well as the restrictions on payment service companies.

‍