#13 Paystack's ₦250M fine, Nigeria-UK cybersecurity pact & Mastercard’s crypto move

In this episode of the Tech Tides Africa podcast, Kelvin and Karen discuss how the Central Bank of Nigeria (CBN) has fined Paystack ₦250 million in a major move to tighten oversight of fintech operations and enforce regulatory compliance in Nigeria's digital finance sector.

They also discuss how a Nigerian tribunal upheld a $220 million fine against Meta (Facebook’s parent company) for violating consumer data protection laws, marking a significant step toward stronger digital rights enforcement in Africa.

Also in this episode;

Nigeria to launch open banking system in August 2025 after four years of delays.

Mastercard introduces stablecoin payment support from digital wallets to checkout.

Nigeria and the UK sign a partnership to fight cross-border cybercrime.

Afreximbank launches AfCFTA training to help African businesses expand through intra-African trade.

 

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