As digital fraud continues to evolve across Nigeria, prevention is becoming just as important as recovery. OPay is shifting its security strategy in that direction with the introduction of two new in-app features, Emergency Lock and Safety PIN, designed to help customers stop fraudulent transactions before money leaves their accounts. Rather than focusing solely on
For many businesses in Nigeria, access to working capital remains one of the biggest barriers to growth. A new partnership between MTN Nigeria and Fiducia is seeking to change that by expanding supply chain finance opportunities for suppliers and vendors operating within MTN’s ecosystem. Fiducia, a supply chain finance company, has entered into a strategic
For years, LemFi built its reputation by helping migrants move money across borders. Now, the fintech is making a much bigger play for customers’ financial lives. The company has secured approval from the UK’s Financial Conduct Authority (FCA) to acquire investment platform Wealth8, a move that takes LemFi beyond remittances and deeper into wealth management,
Digital payments are no longer just about sending money. In Nigeria, they are becoming part of the infrastructure powering commerce, supporting businesses, expanding access to financial services, and connecting millions of people to the formal economy. As the Central Bank of Nigeria pushes ahead with its Payment System Vision 2028, companies such as OPay are
Nigeria’s FMCG market is worth an estimated $25 billion, yet a significant financing gap continues to limit growth across its retail ecosystem. Despite retailers serving as the backbone of the country’s consumer goods distribution chain, only 18% have ever accessed formal credit, exposing a major opportunity for fintech driven financial infrastructure. This challenge is becoming
Remittances are becoming a major battleground in global fintech, and a growing number of Nigerians in the United Kingdom are now turning to SendOva for better exchange rates and zero transfer fees when sending money home. SendOva, the trading name of Balazoo Express, is licensed by the Financial Conduct Authority. The app is built around
For years, Africa’s digital payments conversation has largely revolved around fintech startups, mobile money, and cross-border payment platforms. Yet behind millions of everyday transactions, one payments infrastructure player has been steadily expanding its footprint across the continent and beyond. With more than 100 million cards now issued, Verve is strengthening its position as one of
LAGOS, Nigeria — Despite Nigerians spending more than half of their income on food, only 1% of that spending currently happens online. That startling gap has become one of the biggest growth opportunities in Nigeria’s digital economy, according to executives at Glovo, who say the next phase of commerce growth will be driven by bringing
Nigeria’s fuel stations may be on the verge of becoming one of the country’s most unexpected fintech growth opportunities. As digital payments continue to reshape how Nigerians transact, a new transformation is emerging beyond banking apps and ecommerce platforms, one that could redefine how fuel stations operate and generate value. At the NNPC Retail Business
Flutterwave promotes 25 percent of its workforce as the African fintech giant doubles down on talent retention, signaling a new phase of competition for skilled workers across the continent’s financial technology sector. The Nigerian payments company Flutterwave, which recently acquired a microfinance banking licence in April, has promoted over 100 employees globally and rolled out