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August Recap: Top six stories you should check out

A look back at notable stories in August inspired by news, events, research, and opinions across Nigeria

Opay appoints new Daudu Gotring as the new Managing Director -on August 1

Inclusion Times reported the transition in leadership at Nigeria's leading fintech company, OPay Nigeria; the new leadership in the company will look to consolidate the efforts of his executives by ensuring that Opay Nigeria maintains its position as one of Nigeria's and Africa's most prominent and fastest-growing fintech companies. Read here

Why Kenya halted the Worldcoin eye scan and sign-up -on August 2

The Ministry of the Interior in Kenya has issued a decisive decree, effectively suspending the enrollment of Worldcoin within its borders. The suspension comes from concerns regarding the authenticity and legality of the startup's activities in critical areas such as security, financial services, and data protection. Read here

Nigeria’s Flutterwave launches payment product Send App in US -on August 7

Keen to tackle the issues in the remittance industry, one of Nigeria’s leading payment fintech, Flutterwave, launched its new payment product, Send App, in the United States and Canada. The App will allow African diaspora users to send money to families, friends and loved ones faster, securely, quickly and at affordable rates. Read here

Ban Binance and save Naria, BDC operators ask FG -on August 9

The Association of Bureaux De Change Operators of Nigeria (ABCON) had appealed to the Federal Government to ban Binance operations in Nigeria. Bureaux De Change Operators in the country identified Binance as one of many factors putting pressure on the Naira. Read here

Mastercard to purchase a minority stake in MTN's fintech business -on August 14

Global payment service provider MasterCard had signed a memorandum of understanding with Pan African Telecommunications Group, MTN, to purchase a minority stake in the fintech subsidiary of MTN Group valued at $5.2 billion. Read here

Moniepoint enters the personal banking market with its latest app -on August 22

One of Nigeria’s leading fintech companies, Moniepoint, introduced a consumer app and debit cards to break into the personal banking market.⁠ The new app solution would enable users to make transfers, pay bills, buy airtime and acquire reliable debit cards for over 33 million active Nigerians. Read here