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Inside Nigeria and Egypt's fintech alliance to deepen cross-border regulations 🇳🇬 🤝🏽 🇪🇬

Inside Nigeria and Egypt's fintech alliance to deepen cross-border regulations 🇳🇬 🤝🏽 🇪🇬

#fintech
#payments
The Central Bank of Nigeria (CBN) has signed a fintech collaboration agreement with the Central Bank of Egypt (CBE) to double down on cross-border regulations and information sharing to drive innovation in both nations.

The Central Bank of Nigeria (CBN) and the Central Bank of Egypt (CBE) have signed a fintech collaboration agreement to strengthen cross-border regulations and information sharing between the two countries. The deal aims to promote innovation and drive economic growth through fintech startups and entrepreneurs in Egypt and Nigeria. The collaboration was signed at the Seamless North Africa 2023 conference in Cairo and seeks to equip fintech professionals in both nations with knowledge and skills to foster progress and creativity within the industry. While specific terms of the agreement are not disclosed, the alliance is expected to support fintech development and partnerships in both countries. This move comes as the African fintech market experiences significant growth, with Nigeria and Egypt being key players in the sector. The collaboration aims to further boost fintech's contribution to the African tech ecosystem.


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