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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 ...
"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, and blockchain-based applications such as ...
Moniepoint was founded in 2015 by business executives Tosin Eniolorunda and Felix Ike. It was initially founded under the name, TeamApt. [1] In March 2019, Moniepoint announced funding of $5.5 million in a Series A fundraising from Quantum Capital Partners. [3] In November 2019, Moniepoint received a switching license from the Central Bank of ...
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 ...
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]
In March 2016, it emerged boldest at the Financial Times Arcelor Mittal – Boldness in Business Awards in the developing markets category. [29] Fast Company listed M-Kopa in the 2018 Edition of the World's Most Innovative Companies and number four out of 10 in Africa. [30] The company was also named among the global Cleantech 100 companies in ...
Pages in category "Financial technology companies of Nigeria" The following 7 pages are in this category, out of 7 total. This list may not reflect recent changes. F.
Change in per capita GDP of Nigeria, 1950–2018. Figures are inflation-adjusted to 2011 International Geary-Khamis dollars. The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors.