By Adedapo Adesanya Wema Bank Plc said it has removed and suspended about seven fintech partners from its payment gateway platform over fraudulent activities. It, however, didn’t name the affected partners. This is as the bank unveiled an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners. A statement from the bank on Wednesday revealed that there had been a recent increase in fraudulent inflows into some wallet accounts operated by some of its fintechs partners using its third-party wallet accounts. The bank, according to its financial statement, reported
Wema Bank Axes Seven Fintech Partners After N685m Loss to Fraud
