These are the non-bank-led licensed mobile money operators in Nigeria [Infographic]
The ability to create a bank account easily with your phone number, coupled with swift transfer services using mobile phones to initiate and authorize transfers has become popular in Nigeria.
According to government data, mobile transactions in Nigeria experienced a significant year-on-year increase of 230.6% in January 2023. Fintech apps like Opay and Palmpay are riding on this wave addressing the immediate pain points of digital transactions for Nigerian users.
In Nigeria, less than 20 fintech companies have been licensed as non-bank-led mobile money operators, providing customers with a broader choice in Nigeria as of June 2023.
This post is for subscribers only
Sign up to read the post and as well as all other member only posts. Subscribing only takes a few seconds and will give you immediate access.
Already have an account? Log in
Get unlimited access to tech news and data delivered to your inbox weekly.
You've successfully subscribed to Techloy
Great! Next, complete checkout to get full access to all premium content.
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.