Hydrogen surpasses HabariPay in Q1 profit growth among bank-owned fintechs
Hydrogen recorded a 466% increase in after-tax profit, reaching ₦283 million in Q1 2025. HabariPay's profit growth was 52%, increasing to ₦1.66 billion in the same quarter.
OPay and Moniepoint issue 17 million Verve cards as Nigerian fintechs switch from Visa and Mastercard
Nigerian banks are issuing local cards like Verve instead of international card schemes like Visa and Mastercard. The COVID-19 pandemic and cash shortages have reduced reliance on card payments and increased the popularity of bank transfers.
Fintechs brace for competition as Nigerian banks enter digital lending
Access Holding Plc, the parent company of Access Bank, received provisional approval to launch Oxygen X, a standalone lending product. Other banks are reportedly in discussions to establish their own standalone digital lending services.
Fintechs brace for competition as Nigerian banks charge into digital lending market
Access Holding Plc, the parent company of Access Bank, received approval to launch Oxygen X, a standalone lending product. Traditional banks are in talks to spin off standalone digital lending services.
