A major fintech competitor in Nigeria, known for its hybrid model combining digital banking with physical touchpoints.
Why Nigerian Startups Are Avoiding Local IPOs
Nigerian startups have not listed on the NGX's technology board since its launch in 2022. The naira has lost approximately 65% of its value since President Bola Tinubu loosened FX controls in 2023.
MTN’s fintech has made ₦131.62 billion so far this year, thanks to airtime lending
MTN Nigeria's fintech revenue reached ₦131.62 billion ($91.64 million) in the first nine months of 2025. Core fintech revenue, excluding airtime lending, increased by 142.86% to ₦6.8 billion ($4.73 million).
How to send money without a bank account in Nigeria
Nigerians are increasingly adopting fintech wallets and mobile money services for fast and secure transfers. Limited access to banking services and high transaction fees are driving people away from traditional banks.
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.
