HOW TO OBTAIN REGULATORY SANDBOX APPROVAL FOR FINTECH INNOVATION IN NIGERIA

1.0. Why Regulatory Sandbox and Which Fintech Company Should Participate in Regulatory Sandbox? In view of the growing demand for easier and cheaper payment solutions through disruptive technology in the financial services space, the Central Bank of Nigeria (CBN) has deemed it pertinent to ensure new and more flexible ways of engaging with the payment industry. Apart from payment terminals, payment solutions service and mobile money operators licences, the CBN introduced Regulatory Sandbox for innovative fintech payment firms to conduct live tests of their new, innovative products, services, delivery channels, or business models in a controlled environment, with regulatory oversight, … Continue reading HOW TO OBTAIN REGULATORY SANDBOX APPROVAL FOR FINTECH INNOVATION IN NIGERIA