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FinTech Association of Nigeria known as FintechNGR is a Nigeria based self-regulatory, nonprofit and non-partisan organization focused on accelerating the growth of financial technology, facilitate investments and create enabling financial technological environment for innovation in Nigeria. [1]
Open banking in Nigeria was kickstarted by the Open Banking Nigeria as an initiative to be non-partisan and non-financial API standards for Nigerian financial services. It was formed in June 2017 by a group of bankers and fintech experts who got together to propose the adoption of common API standards for the country. [ 13 ]
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.
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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 ...
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.
Here is a simplified overview of how PAPSS works [9]. A company issues a payment instrument to their local bank or payment service provider; The payment instruction is sent to PAPSS through the country's central bank and routes it to the beneficiary bank account
This is a list of commercial banks and other credit institutions with in Nigeria, as updated late 2024 by the Central Bank of Nigeria. [ 1 ] List of commercial banks