Adeboye, another customer, alleged that Moniepoint had allowed someone to use his phone number to open an account in his name, raising concerns about the bank’s security measures. He said: “Someone is ...

IN SHORT: Online claims that Moniepoint was hacked and N1.1 billion (about US$730,000) stolen are false. Such unsubstantiated claims could destabilise financial markets and frighten customers.

LAGOS (Reuters) - Nigeria based fintech Moniepoint has raised $110 million in new funding from investors including Google to scale up digital payments and banking solutions across Africa ...