Tag
FINTECH
Guaranty Trust Bank, Nigeria's largest bank by market capitalization, has crashed its interest rate for its payday loans from 1.75% to 1.33% per month. The bank reviewed its rate, which is published on its website, as it becomes one of the lowest in the lending space. #GTBANK
Economic and financial experts at the on-going 2020 Nairametrics Economic Outlook have said that Nigeria needs to step up its game to revive the economy, as it has lost its space among the world Top 10 oil producers. #Nairametrics2020EO
Popular payments company, Visa, has announced that it is acquiring fintech startup, Plaid, in a deal worth $5.3 billion. #PLAID #VISA
At a time when technology is disrupting the global financial services industry, Nigeria has not been left out of the change.
About $400m has been invested in fintech firms in the country in 2019, according to the Central Bank of Nigeria.
Today, November 13, Palmpay, an African-focused mobile payment startup, will launch in Nigeria.
The Nigerian financial technology sector is set to receive a major boost as the UK has disclosed plans to deepen Fintech partnership in Nigeria.
The CBN has tasked Fintech companies to put in more effort to drive financial inclusion in Nigeria by providing services at low cost to consumers.
The latest CBN restriction on OMO bills could negatively affect FinTech apps
How does a bank like Zenith Bank accumulate more capital to be deployed than First Bank?
CBN has taken steps to increase supervision and regulation of FinTech companies such as Ren Money, Piggyvest, and others.
In a bid to continue expanding its services into the international market, Nigerian Fintech firm, Lidya has launched in Poland and Czech Republic.