Nigeria has seen remarkable growth in the technological sector, including exponential growth in FinTech companies, encompassing start-ups and more established businesses, attracting significant interest from policymakers in implementing new regulations for the FinTech industry. In Part 1 of this series, we took a closer look at FinTech in relation to Digital Payments and discussed the various regulations that inadvertently affect them within Nigeria.
In this Part 2, we examine the Nigerian regulations that affect, FinTech Testing and Data Protection respectively.