Inspired by the local wooden box piggy bank, the idea for PiggyVest was birthed.
Visa applied for a patent for a digital currency on a blockchain.
Ant Group now operates Alipay which millions of shoppers use across Alibaba’s e-commerce networks.
Velmie builds digital banking products, peer-to-peer lending and microfinance solutions.
It is estimated that there are about 210-250 fintech operators/companies operating in the Nigerian space.
The company will now focus on its fintech business which has always been its core.
The plan is to ensure that every new fintech product obtains regulatory approval prior to being launched.
Chipper Cash operates in Nigeria where it competes with the likes of Paga and Opay.
The new WhatsApp payment feature is enabled by Facebook Pay which was launched last year.
The 20-paged report was unveiled during a webinar that was organised by The Economist Intelligence Unit.