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 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…
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,…
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…
TeamApt, founded in 2015 is Nigeria’s largest business payments platform, processing $100 billion in annual run-rate transaction value. The company is backed by QED, British International Investment, FMO, and other leading global venture capital funds. TeamApt was founded with the vision to create a society where everyone experiences financial happiness. It does this through Moniepoint…
Fintech The adoption of digital technology to finance has increasingly improved financial services delivery to businesses and households. It offers an easy-to-use, reliable and fast payment solution to customers regardless of location. As the world continually gravitates towards a global village, the need for more effective and efficient financial services becomes imperative. Businesses seek to…
This article is a comprehensive head to head review of two payment processors, Cashenvoy and Paystack. These has been so much buzz around paystack and its recent acquisition by stripe is a lot of validation to the capability of the startup in payment processing. However, Nigeria has a very innovation payment space that ensure that…
