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In 2021, Guaranty Trust Bank was named the Best Banking Group, the Best Retail Bank in Nigeria and the Most Innovative Bank in Nigeria by the World Finance Banking Awards. The World Business Outlook awarded Guaranty Trust Bank the Best Digital Bank as well as an award for the Best Mobile Banking app.
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]
Wema Bank Plc is a Nigerian commercial bank.It is licensed by the Central Bank of Nigeria; the regulator of the nation's banking sector. As of 2019, Wema bank operates the largest digital banking system in Nigeria, ALAT By Wema, which is fully in use in all of the nation's thirty six states and the Federal Capital Territory
Moniepoint (formerly TeamApt) is a Nigerian fintech company based in Lagos that provides banking services and loans via an online banking app. The company was founded by Tosin Eniolorunda and Felix Ike in 2015. In November 2024, Bayo Olujobi was appointed its Chief Financial Officer (CFO) to aid the bank's vision to improve financial inclusion ...
VFD Microfinance Bank is a fully digital bank with headquarters in Lagos, Nigeria. As a digital bank, it offers free banking services to Nigerians. [1] [2] [3] The bank was headed by Gbenga Omolokun as the managing director in 2021. [4] [5] It is currently headed by Rotimi Awofisibe as its managing Director. [6]
eNaira is a Central bank digital currency issued and regulated by the Central Bank of Nigeria. [1] It was the first of its type in Africa. [2] Denominated in naira, the eNaira serves as both a medium of exchange and a store of value and claims to offer better payment prospects in retail transactions when compared to cash.
Americans already do most of their banking online — at least 7 out of 10 U.S. households are enrolled in digital banking, according to a recent survey on digital financial literacy, with 95% of ...
In October 2020, the bank joined Open Banking Nigeria, a nonprofit that advocates for a common standard for open Application Programming Interface (API) within the Nigerian financial ecosystem. [17] In 2021, FCMB was named the Best SME Bank in Africa and the Best SME Bank in Nigeria at the Asian Banker Middle East and Africa Regional Awards. [18]