CadRemit just scored an International Money Transfer Operator license from the Central Bank of Nigeria, and that puts them in the club with other CBN-regulated payment operators. The fintech company can handle inbound international transfers for Nigerians getting cash sent from overseas, which is a pretty solid move in the cross-border payments game.
The license basically lets CadRemit play by official rules while they try to make receiving foreign money less of a hassle. They're betting on this approval to push their footprint in Nigeria's fintech scene and keep building out their services.
The license basically lets CadRemit play by official rules while they try to make receiving foreign money less of a hassle. They're betting on this approval to push their footprint in Nigeria's fintech scene and keep building out their services.
