A major fintech competitor in Nigeria, known for its hybrid model combining digital banking with physical touchpoints.
Crypto, Fintech, Agritech & AI: Africa’s Most Promising Sectors in 2025
Nigeria processed $59 billion in cryptocurrency transactions between July 2023 and June 2024, leading the region in crypto adoption. Over 1,000 fintech startups emerged by 2024, with unicorns like Flutterwave and OPay showcasing massive growth.
Moniepoint, PiggyVest, M-KOPA, Interswitch named among world’s top 300 fintechs by CNBC
Ten African fintechs were named among the world's top 300 fintech companies for 2025. Nigeria had the highest representation with five companies on the list.
UBA eyes small business market with massive pos terminal launch
UBA launched 46,000 smart PoS terminals across Nigeria under the RedPay brand. The launch aims to reclaim market share from fintechs like Moniepoint, OPay, and PalmPay.
CBN licences in Nigeria: types, costs & what fintechs should know
The Central Bank of Nigeria requires fintech startups to obtain specific licenses based on their services. The Switching and Processing Licence is essential for companies processing payments and requires a minimum capital of ₦2 billion.
