Reviving Regulatory Fragmentation Will Spur Cross-Border Payments

Category: Finance

Cross-border payments are an integral part of operations for individuals and businesses in Africa. But when it comes to transferring funds across the 54 countries, it becomes challenging. Penetration in the West African market took ages to update itself, but regulatory setbacks played a pivotal role in that delay. Major telecommunications networks received conditional approval to operate mobile money services in Nigeria for the first time.