Top 7 digital banks in Nigeria
- Over 3.9 billion digital banking users are projected globally by 2025.
- 82% of Nigerian banking customers aged 18-34 rely on mobile banking.
- The value of electronic transactions in Nigeria reached ₦1.08 quadrillion in 2024.
The rapid growth of digital banking in Nigeria presents both opportunities and challenges. While the influx of fintech startups fosters innovation and competition, regulatory changes could pose risks to growth. It's crucial for stakeholders to balance innovation with compliance to ensure sustainable development in the sector.
