The "bank of the free" is no more free

Episode 107 July 14, 2022 00:32:43
The "bank of the free" is no more free
Techpoint Africa Podcast
The "bank of the free" is no more free
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Hosted By

Emmanuel Paul

Show Notes

Today's podcast travelled through three countries: Nigeria, Togo, and Senegal. Although the last one could more correctly be tied to Francophone Africa, but let's not get into technicalities.

First on the list is Kuda, more popularly known as "the bank of the free", and its recent circular to customers informing them that they would start charging a ₦50 stamp duty charge on all deposits above ₦10,000. Understandably, Nigerians had quite a bit to say on this decision, and we did too.

Timestamps

04:38 - Kuda Bank introduces ₦50 stamp duty

13:24 - Togo's e-Visa platform

19:26 - Wave lays off 15% of its staff

Useful links

This episode was produced by Ogheneruemu Oneyibo

Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.

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