Luno has registered a full service company in Nigeria that will be in compliant with the laws of Nigeria.
Luno, in an emailed statement, informed customers of the change in agreement with Luno Pte ltd.
Now, as customers verified in Nigeria, the agreement will change to Luno’s Nigerian subsidiary, Luno Fintech Nigeria Ltd.
These changes will apply from 24 September 2021.
The change is being made “to ensure local Luno subsidiaries are best able to focus on local regulations and laws, allowing them to cater for each country’s individual requirements and engage more proactively with regulators in each of their markets”, the statement read.