Update on the Increase of Deposit Insurance Coverage for Fintech Companies

Update on the Increase of Deposit Insurance Coverage for Fintech Companies As technological advancements reshape the financial sector, Fintech companies, including Mobile Money Operators (MMOs) and Payment Service Banks (PSBs), are expanding financial services in Nigeria. However, these innovations bring…

By TMT Team

May 23, 2024

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Update on the Increase of Deposit Insurance Coverage for Fintech Companies

As technological advancements reshape the financial sector, Fintech companies, including Mobile Money Operators (MMOs) and Payment Service Banks (PSBs), are expanding financial services in Nigeria. However, these innovations bring potential risks.

In this week’s #TMTThursdaybyDOA article, we break down the recent adjustments made by the Nigeria Deposit Insurance Corporation (NDIC) to increase deposit insurance coverage limits.

Click here to read the article on the Update on the Increase of Deposit Insurance Coverage for Fintech Companies

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