Nigeria Banks on Fintech

The Country is Gearing up for a Financial Tech Explosion

The country best suited for a digital money revolution is ... Nigeria? Africa's largest economy averaged US$142.8 million in monthly mobile money transactions in 2016, up from US$5 million in 2011, according to KPMG. Increased adoption is forthcoming, too: More than 90 percent of respondents to a 2017 PwC survey said they expect fintech to disrupt Nigeria's retail banking sector in the next five years.
registered user content locked
PMI member benefit.

or Register

Advertisement

Advertisement

Related Content

  • PM Network

    Better Together member content locked

    By Fister Gale, Sarah Innovation has become a team sport. When projects are too complex and challenging for one organization to handle, joint ventures can spread out responsibilities. A case in point lies in the shipping…

  • PM Network

    Cross-Border Backup member content locked

    By Garza, Amelia Estonia has the world's most advanced digital society. So it's no surprise that the country is embracing a first-of-its-kind global data storage strategy. In June, the government completed a €2.2…

  • PM Network

    Hyperloop Reality member content locked

    By Rockwood, Kate There's a lot of hype for hyperloop. In 2013, entrepreneur Elon Musk proposed "hyperloops," jump-starting interest in proving the concept: vacuum- and magnetic levitation-powered pods moving at…

  • PM Network

    Pocket Change member content locked

    By Fister Gale, Sarah Cash is no longer king. With smartphones everywhere, consumers' increasing comfort with mobile wallets has caused digital payments to soar for virtually every kind of financial transaction and on…

  • PM Network

    Picturesque member content locked

    No matter how you view it, the world's largest picture frame provides a whole new perspective of Dubai, United Arab Emirates. The city-sponsored Dubai Frame project represents where Dubai has been…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.