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.