Updated List: 62 Licensed IMTOs in Nigeria, Including Flutterwave, Interswitch, and Paga
In response to the recent guidelines released by the Central Bank of Nigeria (CBN) on International Money Transfer Operators’ (IMTO) operations, questions have arisen about the standing of Flutterwave, Interswitch, and other licensed fintechs offering international money transfer services. The CBN’s new directives explicitly prohibit banks and fintechs from engaging in international money transfer services. … Read more