Even though they offer online services that position them almost at par with commercial banks in Nigeria, it appears commercial banks do not see finance companies (fintech startups) as a real threat.…
2018 is the year of the Nigerian fintech startup
We explore the possible reasons why financial services startups are getting the lion’s share of attention and funding, as evident in the Nigeria Startup Funding Report for Q2 2018.…
Kaduna-based fintech startup, Payant crosses ₦1 billion transactional milestone
Kaduna-based fintech startup, Payant announced over ₦1 billion in transaction value in less than 2 years of operation. They also shared projections for the year end.…
London Mayor reassures Nigerian fintech stakeholders of UK’s commitment towards financial inclusion
The Lord Mayor of London City led a delegation to reassure the Nigerian fintech community of the UK’s commitment towards deepening financial inclusion.…
Fintech is not a threat to Nigerian banks; the real threats are less obvious
In spite of claims that fintech companies are a threat to Nigerian banks, many of them are relying on the power of technology to service their customers. The real threats are less obvious…
Projections on how WhatsApp Payments will disrupt fintech in Nigeria
My prophecies are coming to pass. After WhatsApp made recruitment moves that suggested a drive towards monetisation, I highlighted a few possible ways the instant messaging platform can make money. Th…
Attend the Kantar TNS fintech summit
In a world where digital technology has created seemingly endless new financial payment possibilities, strategy matters more than ever. Successful brands don’t just adopt new technologies, they enlist…
Is the FinTech sector at the heart of the tech bubble in Nigeria?
There’s a lot of untapped potentials in the FinTech industry in Nigeria and it is refreshing to learn that a lot of people are willing to bet on it.…
The legal considerations of running a FinTech startup in Nigeria
Most of the legal, regulatory framework applicable to financial institutions apply to fintech startups providing digital equivalents of offline services…
Cashless 2.0: The second coming of cashless and the rise of the “Fintechs”
It might be right to say that ‘Cashless’ has created FinTechs but FinTechs will make cashless 2.0 succeed…
SWIFT Innotribe Africa opens €10,000 challenge for African Fintech startups
On the 31st January, 2017 SWIFT Innotribe announced that the 10,000 EUROS challenge for African fintech startups is now opened.…
Fintech startups can now apply for the Barclays Techstars Accelerator and get up to $45,000
Applications have opened for the Barclays Accelerator programme. Powered by Techstars, the initiative is aimed at uncovering the next M-Pesa or Paypal by working with exceptional fintech entrepreneurs…
Dear Nigerian FinTech Startup, a new brick and mortar bank is coming for your daily bread
According to reports, Aliko Dangote; the richest man in Africa unveiled SunTrust Bank Nigeria; “the first full-fledged technology bank” and the first bank to receive a license from the Central B…
FinTech Security in Nigeria: Only the paranoid survive
I admit I can be a little bit paranoid. I know you feel the same way too. Because when it comes to trusting a 3rd party with your bank card details, one can’t be too careful, right. What could possibl…
What the FinTech landscape in Nigeria looks like right now
Over the years, FinTech has grown beyond money transfer platforms. It has expanded to include many forms of technological innovation in the financial sector. FinTech innovations have changed the way w…
There is an impending Payments revolution in Nigeria. Are you ready?
Interswitch used to be the only online payment gateway we had in Nigeria. Fast forward to today, there are several of them. It is easier to break them into categories as follows: NFC Enabled – PayAtti…
Paystack is pushing the limit of ‘normal’ within online payments in Nigeria
If you’ve been following the trends around online payments in Nigeria, you’d quite agree that the space has evolved from “shambolic”, at the turn of the last decade, to something at …
The Wi-PAY app makes it super easy to pay bills using your smartphone
There are over a hundred mobile payment solutions in Nigeria today and the Google Play Store is testament to this fact. No need for name calling, among these teeming apps, most of them do not work, an…
Mobile Money Expo 2016: Enabling low-cost transactions for Remittances
The future of Mobile Money and Remittance in West Africa and Africa at large was put under the spotlight at the 6th Remittance and Mobile Money Expo that took place at the Oriental Hotels yesterday. T…
Stellar partners Oradian to provide low-cost money transfer for Rural Nigeria
Stellar, a non-profit foundation that supports a universal financial platform, and Oradian, a FinTech company that provides core-banking software for local financial organizations in West Africa, toda…