Nigerian crypto exchange Bitmama suspends virtual Mastercard service

Dec 3, 2024 08:29:08

the Nigerian cryptocurrency exchange platform Bitmama has temporarily suspended its virtual Mastercard service. This move follows a trend of challenges faced by African fintech companies regarding card services, including exchange rate fluctuations, chargeback fraud, and insufficient funds. Some fintech companies like Bitmama and Chipper Cash continue to offer alternative card services.

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