Analysts see growth potential in fintechs despite Nigeria’s offline status


Nigeria’s offline status has not impeded the progress of fintechs, rather it portends a huge growth potential for them as the country seeks to achieve the online status, analysts have said. According to them, Africa’s most populated nation’s offline status has been heavily linked to the ratio of cash transactions to online, which is estimated […]

Nigeria’s Secapay, among finalists of Ecobank Fintech Challenge 2018

Ecobank Fintech Challenge

Ecobank Group has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The Ecobank Fintech Challenge is designed in partnership with the advisory firm Konfidants and is supported by partners across Africa and the world. The list of the finalists includes eleven (11) fintech start-ups […]

IMF expands fintech advisory group to step up analytics on technology innovation

Christine Lagarde, managing director of the International Monetary Fund (IMF),

Christine Lagarde, the managing director of the International Monetary Fund (IMF) announced Monday the expansion of the Fund’s High Level Advisory Group on Finance and Technology, to strengthen the representation of national authorities and international organizations. The group is composed of 19 members who are highly-experienced experts and respected leaders in the field of finance […]

African regulators urged to support blockchain to transform continent’s farming, commodity trading


The regulatory environment in Africa has been urged to support blockchain technology for transformation of farming and commodities trading on the continent. Sandra Ro, CEO of the Global Blockchain Business Council (GBBC) and chief operating officer of London-based UWINCorp Ltd, the blockchain business aiming to transform farming and commodity trading in the developing world, said […]

UBA partners MasterCard, introduces ‘Quick Response’ digital payment collection solution for SMEs


Pan African Financial institution, United Bank for Africa (UBA) has again disrupted the e-payment space with the introduction of Master Pass ‘Quick Response’ (QR) Bot. The revolutionary solution enables the micro, small and medium enterprises (MSMEs) in Nigeria and across Africa to receive digital payments from their customers through scanning, using their Facebook account. Developed […]

Digital technology to bridge financial inclusion gap

Digital technology is seen to have a huge potential of bringing financial services to underserved adults, and as such bridging the gap in financial inclusion, according to Gallup, Inc. Access to financial products and services is becoming more attainable than ever, especially for consumers that live in rural locations or regions without the structures of […]