Spotlight How Open Banking will shape fintech in Africa Open banking could usher in a new era of financial inclusion where banks and African Fintechs can seamlessly exchange customer data. This will facilitate the provision of broader financial products and services for Africans.
Spotlight Mobile fraud up by 330% in Nigeria, says NIBSS Here are three key insights from the recently released Financial Services Fraud report from NIBSS.
News NIBSS to unify QR codes for payment in Nigeria with NQR The Nigeria Inter-bank Settlement Systems PLC (NIBSS) launched the Nigeria Quick Response Code (NQR). In this story, we compare the NQR and PoS features.
News TeamApt announces new consumer focus and West & North Africa expansion plans for 2021 TeamApt has announced that it will be shifting its focus from delivering financial services products to banks to delivering products for consumers and businesses.
News OnePipe closes $950,000 pre-seed round from Sherpa, Techstars, others OnePipe has raised $950,000 pre-seed funding from a roster of institutional and angel investors, including Techstars, Sherpa Africa, and Idris Bello.
Spotlight FrostPay lets you send crypto and receive naira in 3 minutes or less FrostPay is a new crypto company that allows users to convert their bitcoin to fiat currency in real-time without dealing with untrusted 3rd parties.
Spotlight Digital banks: ALAT, Kuda, Rubies, Eyowo, V by VFD, and Sparkle compared At least one digital bank has been launched in Nigeria every year since 2017. I compare six digital banks launched in the past three years to find the best.
Spotlight A chat with Abolore Salami, Founder of Nigeria's foremost digital platform for cooperatives—Riby Finance Riby Finance—the foremost digital platform in Nigeria for cooperatives and trade groups—was created to answer the question: How do you create prosperous communities?
News Carbon announces Kenya launch, says its vision is to become a pan-African digital bank Carbon has officially announced its launch in Eastern African, Kenya, as its aims to become a pan-African digital bank
News Standard Chartered Nigeria launches a digital bank. Now what? What does the launch of digital banks by legacy financial institutions mean for fintechs such as Kuda and Rubies Bank.
Fintech PiggyVest needs their investment product—Investify—more than you, a subscriber Sequel to its recent name change, online savings and investment platform—PiggyVest—has announced its investment feature—Investify. Investify is PiggyVest's way of helping her near 250,000 subscribers grow their wealth. Founded
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?
Fintech 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
