We acted as legal advisers and project coordinator for the deployment of the client’s secured proprietary payment platform in what can be described as the biggest regional FinTech product launch in Africa. This project was implemented in partnership with Ecobank (the pan-african bank) and enable both local and international financial transactions on the banks platform thereby eliminating delays in international payments and consummation of business in Africa. As legal advisers, we provided legal advisory to our Client on the legal structure of the partnership with the bank, obtained regulatory approvals from the regulators and ensured compliance of the technology with applicable standards. As project coordinators, we liaised with the legal teams of the bank in the various countries where the product was being launched and engaged local counsel to advise on local laws.

Being the first of its kind in Nigeria, we ensured that all regulatory and compliance approvals were obtained before the implementation of the product.