The Financial Technology sector has continued to grow in Nigeria. For instance, between 2014 and 2019, Fintech raised more than $600 million in funding, attracting 25 percent ($122 million) of the $491.6million raised by African tech startups in 2019 alone, second to Kenya which attracted $149million.
This article takes a look at how new developments around the Point of Sale Machine and Internet Banking are Changing the Banking sector ccope in Nigeria.
At an Information and Communication Technology stakeholders’ roundtable dialogue, the Nigerian Minister of Communications and Digital Economy, Dr Isa Ali Pantami had noted that the Financial Sector is a major player in the Digital economy.
DIT’s ‘Tech for Growth’ programme will enhance the role technology can play in expanding access to financial services in emerging markets, starting with Africa The programme will enhance trade between the UK and Africa through networking, private and public partnerships, and in-country capacity building.