Archives Tag: FinTech
Nigeria’s Central Bank Launches AfriGo
April 19, 2022
Nigeria’s central bank, the Central Bank of Nigeria (CBN), has launched a national domestic card scheme called AfriGo. The scheme was announced in October 2022 at the Bankers’ Committee and aims to drive financial inclusion and control card financial data within Nigeria. The CBN governor, Godwin Emefiele, stated that this move will also serve … Continue reading Nigeria’s Central Bank Launches AfriGo
106 Digital Lenders Are Now Licensed To Operate In Nigeria
April 19, 2022
The Federal Competition and Consumer Protection Commission (FCCPC) has granted permission for 106 digital lenders to operate in Nigeria. This comes after the introduction of a digital lending regulatory framework in August 2022. Out of the 106 digital lenders, 65 have received full approval, while the remaining 41 have been granted conditional approval. Read … Continue reading 106 Digital Lenders Are Now Licensed To Operate In Nigeria
10 Predictions and Trends for the African Mobility Industry In 2023
April 19, 2022
In Africa, small and medium-scale car dealers comprise almost 82% of the car dealership market, and most of these merchants sell second-hand automobiles at high prices due to inadequate financing. In emerging markets like Vietnam, India, Brazil, Indonesia, Malaysia, and a substantial fraction of Latin America the average of institutional credit in automotive transactions … Continue reading 10 Predictions and Trends for the African Mobility Industry In 2023
A Roundup of FinTech Funding, Mergers and Acquisitions in 2022
April 19, 2022
The year 2022 proved to be an interesting one for Nigeria’s tech ecosystem as a whole and FinTechs in particular. In many ways, it offered up more of what we witnessed in 2021—new players coming on the scene, significant funding from investors, and increased use of the products that startups in the space provided. … Continue reading A Roundup of FinTech Funding, Mergers and Acquisitions in 2022
Apply for the Africa Blockchain Incubation Program 2023
April 19, 2022
The Africa Blockchain Institute has announced that it is receiving applications from startup founders who want to take part in the Africa Blockchain Incubation Program. The incubator is open to persons who are building blockchain-based solutions for markets on the continent. Read more about Opportunities The Africa Blockchain Incubation Program will give its participants … Continue reading Apply for the Africa Blockchain Incubation Program 2023
Data And Machine Learning to Personalize Customer Experience
April 19, 2022
In our today’s world, the subject of data and machine learning are fast becoming mainstream in businesses. Big Data and Machine Learning technologies have been reputed for their potential of providing a personalized customer experience. However, many businesses are at a loss on how to go about using or incorporating these technologies in their … Continue reading Data And Machine Learning to Personalize Customer Experience
10 Ways to Leverage Technology to Improve Customer Experience
April 19, 2022
In the financial technology (FinTech) industry, leveraging technology can significantly improve customer experience. By using artificial intelligence and machine learning, FinTech companies can personalize services and streamline transactions for individual customers. Moreover, tools like chatbots and virtual assistants can provide instant customer support, while virtual and augmented reality technologies can enhance customer education and … Continue reading 10 Ways to Leverage Technology to Improve Customer Experience
10 Things Banks Are Doing That FinTechs Should Adopt
April 19, 2022
We can’t deny the fact that the banks have legacy structures that puts them ahead of many FinTechs, especially in Nigeria and beyond. For one, banks have a lot of sophisticated relationships with the government as well as regulators. Second, having been in operation much longer than FinTechs, banks have been able to earn … Continue reading 10 Things Banks Are Doing That FinTechs Should Adopt
How To Set Up A Mobility Fintech Company in Nigeria
April 19, 2022
There seems to be a thriving market opportunity for mobility fintech in Nigeria. Studies have shown that Nigeria is very underserved when it comes to access to affordable transportation. In fact, owning a car is still considered a luxury in this part of the world, whereas in the United States, Europe and Canada and … Continue reading How To Set Up A Mobility Fintech Company in Nigeria
7 Business Opportunities For Mobility Fintech In Nigeria
April 19, 2022
Nigeria like any other emerging market is full of opportunities for businesses, especially startups that are operated through technology. Moreover, the country has the strongest startup ecosystem in Africa with over 500 registered startups that are meeting the diverse needs of people ranging from finance to health to housing and retail, etc. Also, the … Continue reading 7 Business Opportunities For Mobility Fintech In Nigeria
Problems Confronting Mobility FinTech Companies in Nigeria and the Way Out
April 19, 2022
Setting up a mobility FinTech company in Nigeria is not without its challenges. These challenges are social, political, economic and even infrastructural. However, there are dozens of mobility FinTech startups in Nigeria with the two leading being Moove and Autocheck. Others include Quriee, Tour, Pickmeup and so on. Despite their presence, mobility FinTech is … Continue reading Problems Confronting Mobility FinTech Companies in Nigeria and the Way Out
How Traders Can Minimize Losses in the Present Sinking Crypto Market
April 19, 2022
In the past few weeks, the crypto industry has been in the news – this time for bad reasons. The crypto market is currently at rock bottom, affecting many crypto startups in Nigeria as well the confidence of traders. For example, Quidax, a Nigerian crypto exchange company that has processed over $3 billion in … Continue reading How Traders Can Minimize Losses in the Present Sinking Crypto Market
6 Things You Should Know About the Future of Cryptocurrency
April 19, 2022
Following the ultimate crash of Terra Luna in May and the ongoing bankruptcy of FTX which began in November and the devastating effects it had on various crypto exchanges across the world, millions of traders are apprehensive about the future of cryptocurrency. Read more about FinTech For instance, the collapse of FTX, caused by … Continue reading 6 Things You Should Know About the Future of Cryptocurrency
How Lending Platforms in Nigeria Can Overcome Poor Loan Repayment
April 19, 2022
Nigeria is an emerging market with so many people in dire need of loans to pay off their bills or invest in their businesses. Hence, the country has seen the sporadic establishment of lending platforms, scattered across the country. For example, there are over hundreds of lending platforms in the country, including Specta, Rapid … Continue reading How Lending Platforms in Nigeria Can Overcome Poor Loan Repayment
6 Things to Do When Subscribers Are Ditching Your FinTech App
April 19, 2022
The ditching of FinTech platforms among subscribers is now becoming a global trend, especially in the post-pandemic world. In Nigeria, after the pandemic, app ditching rose to 28 per cent. If you could remember, the pandemic saw the sporadic adoption and usage of FinTech apps among millions who were locked down by COVID-19. A … Continue reading 6 Things to Do When Subscribers Are Ditching Your FinTech App
