The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa CCIE, has called for greater collaboration among stakeholders in the financial technology (FinTech) ecosystem to deepen financial literacy and promote financial inclusion. Inuwa made this appeal during the 6th annual FirstBank FinTech Summit, held at the Lagos Continental Hotel, Victoria Island, Lagos.…
Introduction In a country such as Nigeria, where there are over 36% of adults who are exempted from the official Financial system, the bringing in of mobile money startups plays a major role and serves as an important force in closing this gap, creating a great avenue of hope for financial inclusion in the country.…
The inaugural edition of the Nigerian Fintech Festival, one of the biggest fintech festivals in Nigeria, sponsored by FirstBank, West Africa’s premier financial institution and financial inclusion services provider is set to take place in Lagos on September 26, 2024. The maiden edition, themed “The Convergence to Co-Create & Celebrate Nigeria’s Truly Digital Economy,” highlights…
Nigeria Sovereign Investment Authority has announced Sycamore the winner of the second edition of the NSIA Prize for Innovation (NPI 2.0), walking away with a combined prize value of $100,000.Sycamore is a peer-to-peer lending fintech platform which leverages technology to connect lenders and borrowers. Also, Kunda Kids – an edtech media company focused on providing…
Paymentology, the leading next-gen global issuer-processor, today announces its partnership with Mama Money, one of Africa’s leading cross-border money transfer operators, and Access Bank, to launch a pioneering new bank card service that stands out for its innovative use of WhatsApp banking. Through its integration with WhatsApp, the Mama Money Card allows you to transfer payments…
The United Nations Development Programme (UNDP) and the timbuktoo Africa Innovation Foundation have launched the Call for Applications for the first timbuktoo Fintech Hub in Africa, based in Lagos, Nigeria. The Pan-African initiative is searching for young Africans from across Africa who can build or are already building fintech start-ups that leverage innovations in financial services…
In a noteworthy celebration of Nigeria’s dynamic financial technology ecosystem, Mastercard convened key stakeholders at its Fintech Forum on March 20, 2024. The event served as a demonstration of the leading payments technology company’s ongoing commitment to the growth and development of the fintech landscape. Fast becoming one of the industry’s most anticipated tech gatherings,…
How Nigeria can leverage rise of Fintech for economic progress By Dahlia Khalifa Fintech is driving the transformation of Nigeria’s traditional banking systems at an unprecedented pace, increasing the reach and efficiency of financial services in Africa’s most populous country. Through mobile banking, digital payments, and other innovations, fintech is extending financial services to previously…
The Minister of Communications. Innovation and Digital Economy, Dr. Tijani Bosun, has confirmed his availability to attend the second edition of Vanguard FinTech Summit on Artificial Intelligence adoption and Cybersecurity prevention. The second edition of the programme, which is slated for April 18, 2024, has as its theme: The Emerging Role of AI Adoption in…