Fintechs

“Negative social vices such as theft, corruption, illegal transactions, money laundering, financial crime, and the like are reduced as the availability of cash in circulation reduces".

In his speech, Emefiele mentioned that there is "the concern of fintech outcompeting traditional banks, with attendant profitability risk," or that fintechs will certainly surpass traditional banks.

The organizer stated that Dr. Krish has displayed high-level professionalism in promoting the tech ecosystem in Africa

The ecosystem accounted for 63 percent of the $1.37 billion in funding raised in Nigeria in 2021.

The fintech industry needs to be sanitized with customer-centric regulations

Errandpay’s agency banking solution is entirely white label and reduces major obstacles in go-to-market strategies banks experience.

Fintechs would take over finance and what we should be focused on is how to utilize the opportunities provided by techs to the maximum, writes Abdulazeez Akintide Shittu

Article by Chijioke Ugwuh, Head of Partnership Development at Infobip West Africa