Techpoint Africa Podcast

This week in finance: PoS vs regulator

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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
       
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      Techpoint Africa PodcastBy Techpoint Africa
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