Events Full recap of TechCabal's FinTech 2.0 Town hall [with HD pictures!] With over 120 people in attendance, here is everything that went down at the TechCabal FinTech townhall sponsored by Softcom Limited, makers of Eyowo.
Financial Services An explainer on the ₦5 billion Financial Services Licence gang and more Financial Services in Nigeria is changing right before our very eyes. And sometimes it could be overwhelming. In this article, Benjamin discusses the most recently released license regulations—Payment Service Banks and an update to the Payment System Providers Licence.
Financial Services Unifying the Unifier: CBN's move to extend NUBAN to 16 digits Eight months ago, I wrote an article about the flaws of the NUBAN account system implementation in Nigeria. Two weeks ago, Central Bank of Nigeria (CBN) released a draft proposal to review NUBAN implementation in line with the recommendations from my article, taking it a bit further.
Financial Services Chat banking takes off in Africa via Whatsapp, Clickatell at the helm Chat banking in South Africa and Nigeria took off in 2016 and 2018, respectively. This happened primarily on Facebook Messenger. Yesterday's announcement by Nigerian banks will see it extend to Facebook's Whatsapp. The
Financial Services Battle for Supremacy: Digital Financial Services in Nigeria History has shown us that when a new industry emerges, a handful of companies strive for market dominance. A time like this reminds us of the “race-of-the-telcos” in the early 2000s and the “war-for-ecommerce” in the 2010s. Who will capture the Nigerian Digital Financial Services Sector?
Opinion Why would PiggyBank introduce a Flex On Monday, June 25, Piggybank.ng, an impressive Nigerian fintech startup focused on savings released new updates to their service. The updates included; introduction of PiggyFlex, higher interest rates, and PiggyPoints conversion to cash.
Financial Services Are banks leaving for Fintechs to come in? TLDR; They collect money and distribute the money. They earn a living from net interest. While “banking dates back to 15th century medieval Italy”, the actual act of money-lending and money-changing is as
