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UBA, fintech firm Layer partner to boost financial services

UBA, fintech firm Layer partner to boost financial services
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Who Will Capture The Merchant Payment Opportunity In Africa?

With 95% of African consumer payments done in cash, the opportunity to digitize payment in the continent is significant. MSMEs are at the forefront of commerce and banking. Fintech firms, mobile money operators and others are scrambling to develop payment solutions. Which ones will be successful? ....

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Mobile & USSD transactions surge by 82.6% as Covid-19 spurs mobile adoption

A government source disclosed that
“specifically, President Buhari has asked the Nigeria National Petroleum Corporation (NNPC) to suspend any idea on subsidy removal for five to six months so that a plan that does not harm ordinary Nigerians is evolved if the deregulation must go on.”
The news of subsidy extension may come as a surprise after Mele Kyari, Group Managing Director, NNPC just last month hinted that the Federal Government spends N120 billion a month on subsidies and may increase fuel pump price to between N211 – N238/litre soon to reflect market prices, as the NNPC may no longer carry the burden of the actual market price. ....

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Fintech predictions for 2021: Visa, Mastercard, to acquire Nigerian fintech giants

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Nigeria’s fintech space grew in leaps and bounds in 2020, and 2021 has all the ingredients to build on the growth of previous years. Founder and CEO of Trium Networks, Adedeji Olowe, has made new interesting predictions for the new year.
On December 30, we revisited the financial predictions for 2020 which featured major talking points like WhatsApp Pay, Paystack’s acquisition, MTN’s bid for a PSB licence, and OPay’s continued push for the payment market.
This year’s predictions feature more acquisitions and interbank transactions and Olowe walks us through what he describes as educated guesses, considering that no one can accurately predict the future. ....

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Reviewing Nigerian fintech predictions for 2020

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Despite a global pandemic, Nigeria’s financial sector has grown significantly in 2020. At the beginning of the year, Adedeji Olowe, Trium Networks CEO and Open Banking Nigeria trustee made some interesting economic predictions.
However, few people would have foreseen the wave of COVID-19 that caused massive disruptions in every economic sector across the globe.
Interestingly, some of Olowe’s predictions or “playful educated guesses” came to pass. Some came close, while others showed prospects.
From the historic acquisition of Paystack to the launch of Facebook Pay, Olowe walks us through some of his financial predictions for 2020.
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Colorful and busy Lagos in Balogun Market ....

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