This week in finance: PoS vs regulator

This episode is also available on YouTube - https://youtu.be/4l18Nev1uts

Today on the Techpoint Africa Podcast our reporters look at events in the finance space this week as it affects the African tech space.

The stories:

FCCPC to impose ₦‎10,000,000 fine on PoS operators
FCCPC delists Sycamore
CBN increases benchmark interest rate
Bundle Africa shuts down exchange operations

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Timestamps

00:00 - Intro

01:24 - Attend the Modern Workplace Africa Conference
04:27 - FCCPC vs PoS
16:10 - Wrong loan company delisted by regulator
20:25 - CBN increases benchmark interest rate
31:35 - CBN unfreezes Chaka, Risevest, AbokiFX, and Bamboo acoounts
32:56 - Bundle Africa shuts down
44:11 - Instant transfers in the US

Useful links

FCCPC to impose up to ₦‎10 million fines on PoS operators
“An App impersonated us,” Sycamore reacts to FCCPC delisting, distances itself from “Get Loan”
CBN increases benchmark interest rate
CBN unfreezes accounts of Bamboo, Risevest, and Chaka
African crypto exchange, Bundle Africa shuts down operations to focus on P2P payments
Flutterwave accounts to remain frozen as judge declines ARA's motion to withdraw its case against the company
Advocacy group sues the Central Bank of Nigeria
FedNow goes live for banks, credit unions

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at [email protected]. Visit www.techpoint.africa/ for more stories.

Music - Beach by MBB - https://www.youtube.com/watch?v=dEnQ8dHwDSk

Show Notes

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