If MTN MoMo were granted a license to facilitate direct transfers between Ghana and Nigeria, it could reduce reliance on traditional remittance networks.
This surge in fintech licensing comes on the heels of the FRA’s decision last year to grant a one-year extension for non-banking finance companies to meet increased capital requirements.
A brokerage licence grants firms the authority to buy and sell securities on behalf of clients, act as intermediaries in financial markets, and charge commissions and fees.
If MTN MoMo were granted a license to facilitate direct transfers between Ghana and Nigeria, it could reduce reliance on traditional remittance networks.
The Averroès Fund of Funds operates as an intermediary, strategically investing in various African-based funds rather than directly into individual companies.
Egyptian fintech startup Bokra has secured a crucial operating licence from the country’s Financial Regulatory Authority (FRA), marking a significant step for the Sharia-compliant investment platform. The approval comes roughly a year after the company raised $4.6m in a pre-seed funding round, indicating rapid...
If MTN MoMo were granted a license to facilitate direct transfers between Ghana and Nigeria, it could reduce reliance on traditional remittance networks.
