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In the first quarter of 2023, cashless transactions across fintech entities in Nigeria grew by 44.84 per cent amounting to a total of N126.73 trillion naira up from N87.73 trillion naira in the corresponding period of 2022. [9] [4] But the growth of fintech has also led to increased cyber-attacks against fintech entities. In December 2023 ...
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Kuda, also known as Kuda Technologies Limited, is a Microfinance Bank and fintech company operating in Nigeria and the UK. It was founded by Babs Ogundeyi and Musty Mustapha in 2019. [1] [2] [3] The company initially begun as Kudimoney, or "the bank of the free", an online-only savings and lending platform.
Opay Digital Services Limited commonly called Opay, and formerly Paycom Nigeria Limited, is a fintech mobile money operating company founded by Zhou Yahui and Djxbazz in 2013 with headquarters in Ikeja, Lagos State, Nigeria. [1] It is among the four major fintech companies in Nigeria: Moniepoint Inc., Kuda, and PalmPay. [2]
Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, including mobile banking , online lending platforms, digital payment systems, robo-advisors ...
Interswitch is a leading African integrated payments and digital commerce platform company headquartered in Lagos.Founded in 2002 in Nigeria, as a transaction switching and processing company with national focus, Interswitch progressively evolved to incorporate consumer financial services with the successive launches of Quickteller, a retail payments ecosystem linking merchants and billers ...
Green Onyekaba Nwankwo is a Nigerian scholar and traditional ruler who has authored many books about banking and finance in Nigeria. One of his books, The Nigerian Financial System published in 1980 is a foundational book on post-colonial banking, insurance, money and capital markets in Nigeria.
Kora is a pan-African payment infrastructure company headquartered in Lagos, Nigeria, with offices in Canada and the United Kingdom. [1] The fintech company enables local and global businesses to accept pay-ins, make payouts, and get settled across popular payment channels across Africa.