Introduction The African mobile money market is one of the most successful mobile financial services (MFS) markets in the world. It has grown rapidly in recent years and is now used by millions of people across the continent. Mobile money has revolutionized the way people in Africa access financial services. In just a few years,…
The funding landscape for Nigerian startups has been very positive in recent years. In 2022, Nigerian startups raised a total of $1.2 billion in funding, which is more than the combined forces of other West African countries. This funding from investors and venture capitalists has helped to support the growth of these startups and has…
The United States is home to many emerging peer-to-peer money transfer apps. Interestingly, P2P payment apps have become increasingly popular in recent years, as they offer a convenient and secure way to send and receive money from friends, family, and even businesses. With just a few taps on your smartphone, you can now easily send…
Introduction Digital lending is a rapidly growing sector in not only Nigeria but in other countries around the world. The rate of emerging new digital lending platforms is on the high side and this growth is driven by several factors including the increasing availability of smartphones and the Internet. Well, today’s GenZ and millennials hardly…
Are you in need of quick and convenient access to financial assistance in 2023? Then, look no further! The 21st-century digital age has made the borrowing experience easy with lending apps that provide simplicity and speed right at your fingertips. Notably, in recent years, the number of loan apps in Nigeria has greatly increased as…
The Nigerian business landscape is always evolving, and as an entrepreneur, securing reliable funding can be the game-changer between triumph and stagnation in your business. The rigid prerequisites, collateral demands, and protracted approval processes of traditional banks have paved the way for fintech disruptors such as Renmoney and Carbon. Notably, these platforms offer swift and…
What are Card schemes? Card schemes play a crucial role in enabling users to carry out transactions using their debit, credit, or prepaid cards. For instance, when you use an ATM or make a purchase at a point-of-sale (PoS) terminal, the technology behind that transaction is provided by a card scheme. In Nigeria, there are…
Palmpay Palmpay is a digital-only bank that offers a range of banking services via its mobile banking application. PalmPay is a product of Transsnet Group, the joint venture between NetEase Group (NASDAQ: NTES) and Transsion Holdings Group. PalmPay offers financial services to meet the daily needs of many users across Africa; like top-up funds electronically, making transfers,…
Palmpay Palmpay is a digital-only bank that offers a range of banking services via its mobile banking application. PalmPay is a product of Transsnet Group, the joint venture between NetEase Group (NASDAQ: NTES) and Transsion Holdings Group. PalmPay offers financial services to meet the daily needs of many users across Africa; like top-up funds electronically, making transfers,…
Interswitch Interswitch is an integrated payments company with many solutions focused on improving African payments and commerce. Interswitch provides payment integrations, technical support, advisory support, and payment infrastructure to corporates and government agencies Interswitch was founded by Mitchell Elegbe in 2002 and has since pioneered a number of payment solutions that have carried payments in…