Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue opportunities. Despite these setbacks, some fintechs like Bitmama and Chipper Cash continue to offer alternative card services.
Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
