Tag
DIGITAL PAYMENTS
Fintech company, Onafriq, has announced plans to wind down its Baxi agent banking business in Nigeria, citing naira depreciation, rising operating costs and shrinking margins amid intensifying competition in the payment services market.
As Africa's digital economy continues to evolve, the conversation is shifting from adoption to value creation. At GITEX...
Fintech applications are gaining a stronger presence on Nigerian smartphones than individual traditional bank apps, with OPay leading the way, according to a new study by KPMG and Orange Group Nigeria.
The Central Bank of Nigeria (CBN) has identified about 40 million Nigerians living with disabilities as an underserved segment of the financial system that could present new opportunities for fintech companies.
Eighty percent - 80% of pharmacies in the country pay for goods digitally, with 56.8% using point-of-sale (POS) systems and bank transfers, and 32.9% relying on direct bank transfers.
“Card or transfer?” is a question most Nigerians are now familiar with when making payments, however, that question would have been odd five years ago, when cash was the dominant means of payment.
In recent years, Africa has become a hotbed for digital payments. Digital payments have helped promote financial inclusion...
Digital payments have witnessed significant advancements in Africa, with various countries adopting innovative solutions such as cards, wallets, USSD, QR codes, and other digital products.
9 Payment Service Bank (9PSB), Nigeria’s foremost digital payment service bank focused on financial inclusion has unveiled its...
The report also revealed that bank transfers are the most common medium for making and receiving payments between businesses today...
Despite the challenges posed by the ins and outs of the COVID-19-imposed lockdowns in 2021, the world of...
According to the Central Bank of Nigeria, the overall population of Nigerians who use digital payment has increased...