Moniepoint processed ₦412 trillion in transactions in a single year, a figure that says less about one company than about the scale Nigerian payment infrastructure now carries. As the Central Bank tightens the rules around who can move money and how, the businesses that depend on these rails — from lenders to e-commerce to regulated entertainment — are discovering that payment architecture is no longer a back-office concern. It is the thing that determines whether they can operate at all.
A regulator that has stopped waiting
2025 was the year Nigerian payment regulation grew teeth. The CBN approved Open Banking implementation, making Nigeria the first African country to do so, and pushed an ISO 20022 messaging migration that carries real penalties — payment service providers must upgrade to the new messaging standard or risk fines, suspension, or licence withdrawal.
The direction is consistent: Nigerian digital finance is shifting from growth-at-all-costs
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