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…
Over the years, reports show that globalization has had both positive and negative profound impacts on small businesses worldwide. On one aspect, it has presented businesses with new markets and opportunities to reach a global audience, and on the other side, it has brought increased competition from larger and well-established businesses. However, in our present…
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…
Opay and Palmpay offer POS solutions that are reliable and easy to use, This article is a deep delve into comparing these two PoS terminals and determining the terminal that optimizes for reliability, durability and profitability. PoS? A point-of-sale (POS) terminal is a device that is used to accept payments from customers usually for retail…
Point of sale terminal is a device that is used to accept payments from customers usually for retail transactions. PoS terminals are used by small, medium and large enterprises. Modern PoS systems are indifferent forms and are a combination of hardware and software, often including a barcode scanner, card reader, cash drawer, and receipt printer….
Digital lending companies are financial technology (fintech) companies that provide loans to individuals and businesses through digital platforms. In Nigeria, digital lending has gained significant popularity in recent years due to the high demand for credit and the limited access to traditional banking services. There are several digital lending companies in Nigeria, including Carbon, Renmoney,…
Starting a business can be a daunting prospect, as it’s normal to have doubts and skepticism about the potential outcomes. Questions like “Will my business make money?” or “Will people buy my products or services?” are common concerns. However, while these fears are valid, it’s possible to take steps in the right direction and increase…
Funding is key for businesses of all shapes and sizes. According to CB Insights, lack of proper funding is the leading cause of startup failures responsible for 38% of failures. Without appropriate funding, a startup is likely to fail regardless of how good its product or business model is. Thus, knowing the ways of funding…
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…