Nigeria Inter-Bank Settlement System, which provides electronic payment services and data on payment transactions in Nigeria.
The hurdles facing contactless payment adoption across Nigeria
CashAfrica announced a partnership with Food Concepts to introduce mobile tap-to-pay across Chicken Republic's 350 outlets. The Cowry card, operated by Touch and Pay Technologies, has over 300,000 active users and has processed 56 million transactions.
As algorithms shape financial inclusion, accountability must keep pace
AI is being used in Nigeria's fintech sector to influence credit access and fraud detection. Formal financial inclusion in Nigeria rose to 64% in 2023, up from 54% in 2020.
The next fintech race is infrastructure. Paga wants in
Paga Group is packaging its internal payments technology into services for other companies through Paga Engine. Nigeria's digital payments reached ₦1.07 quadrillion ($774.9 billion) in 2024, indicating a growing market for payment solutions.
“In 2025, we’re still building tools that don’t need internet”: Day 1-1000 of Agrovesto
Bayo Adewoye's journey into agriculture began with a conversation with a security guard about profitable farming strategies. Agrovesto was founded to create a platform for urban investors to buy and store agricultural commodities.
YC-backed Moni rebrands as Rank, backs its ambition with a bank acquisition
Moni rebranded as Rank and acquired AjoMoney and Zazzau Microfinance Bank. Zazzau MFB will operate as Rank Microfinance Bank, enabling a regulatory base for scaling services.
