Financial inclusion
Financial Services | Fintech | Payments | Corporate Strategy | Government Policy
Renaissance Capital Analyses Stripe, Paystack Deal
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According to a Renaissance Capital report, the deal valued Paystack at about 14 times its annualised gross revenue in 2020 and 40 times its net revenue.
Fintech startup TeamApt now operates Nigeria’s largest non-bank mobile money platform
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Nigerian fintech startup TeamApt, has become the largest non-bank mobile money service in the country, processing 13 million transactions monthly.
NIGERIA: ‘Fintechs attracted over $600m in 2019’ - NDIC
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According to Alhaji Umaru Ibrahim, the Chief Executive Officer (CEO) of the Nigeria Deposit Insurance Commission (NDIC), Nigeria's Financial Technology (FinTech) space attracted over $600 million in investment between 2014 and 2019. Ibrahim made said this yesterday in Lagos at a workshop by the NDIC for reporters, themed ‘COVID-19 and
Central Bank of Nigeria extends AGSMEIS loans to 14,638 applicants
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The Central Bank of Nigeria has announced that it is extending its Agri-Business/Small and Medium Enterprise Investment Scheme loans to 14,638 of the applicants who applied for the loans in August. In a publication from the lastest MPC report, the CBN stated that “The Agri-Business/Small and Medium
ICYMI: FirstBank has disbursed over 17 Billion Naira through FirstAdvance to boost Financial Inclusion in Nigeria
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First Bank of Nigeria, a foremost provider of financial inclusion services in Nigeria, recently announced that it has disbursed loans summing up to over of 17 billion Naira to individuals, across the country through FirstAdvance, its digital lending solution. Designed to provide convenient and easy access to cash for salary
Mobile money transfer: ‘Ethiopia hasn’t shut the door to M-Pesa’
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Digital Transformation Adviser to the Ethiopian Prime Minister Myriam Said has released a statement about Ethiopia’s priority projects in the area of connectivity and digital entrepreneurship in an interview with Ethiopian news agency, The Africa Report. She fielded various questions during the interview, ranging from the government's plans for
NBS Bank, Malawi Posts Corporation Revive Partnership In Agency Banking Deal
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Acting Post Master General of Malawi Posts Corporation, Zachaeus Meke on Thursday launched the NBS Bank-MPC banking agency partnership deal, which will afford Malawians access to all banking services in post offices across Malawi. Meke has called this banking sector partnership the first step in the MPC's turnaround strategy, disclosing
Nigerian fintech ImaliPay aims to help gig economy workers
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A recently launched fintech based in Nigeria and Kenya, ImaliPay seeks to empower gig economy workers (temporary and freelance workers) by providing financial services specifically tailored to their needs. The firm is out to help gig workers to create and build an alternate credit score related to their performance on
