Duplo, a leading financial operating system for African businesses, has partnered with Wema Bank to enable seamless financial management for businesses using the ALAT by Wema Bank platform. Through this partnership, businesses will have access to Duplo’s financial operations platform, enabling them to automate payments, manage expenses and approvals, generate and collect invoices, and control […] The post Duplo partners Wema Bank to automate financial operations for ALAT business customers appeared first on Tribune Online.

Rank, an integrated financial services and wealth management platform, has launched three new community-powered financial services products – Money Circles, Tribe and Perks – designed to dismantle structural barriers to wealth creation for young Africans. By tapping into the trust networks that already exist and new trust networks underpinned by cutting-edge digital security and verification, […] The post Rank unveils new community-powered zero-interest capital products after crossing $100 million in user payouts appeared first on Tribune Online.

The Central Bank of Nigeria says its decision to revoke the licences of 46 microfinance banks was aimed at protecting depositors and strengthening regulatory compliance across the financial sector. Governor Olayemi Cardoso also assured customers those banks yet to meet new capital requirements remain under close regulatory supervision and pose no immediate risk to depositors. […] The post Cardoso defends crackdown on microfinance banks, gives reason for scarcity of lower naira notes appeared first on THEWILL NEWS MEDIA.