The conversation on Open Banking in Africa is one that has been a long time coming. While the benefits seem apparent at first glance, there’s …
In March 2021, Flutterwave, one of Nigeria’s Fintechs, raised a Series C funding of $170M, at a $1 billion valuation. Flutterwave became the second Fintech in Nigeria to reach a $1 billion valuation after Interswitch, which reached a $1billion valuation in 2019 when Visa acquired a 20% stake in the company.
As the Open Technology Foundation (OTF) continues to drive the adoption of Open Banking Standards in Nigeria through strategic partnerships with banks and fintechs in the country’s financial sector, more fintechs and banks have recently joined to further champion the Open Banking cause in Nigeria.
A couple of years ago, every Nigerian household made the monthly trip to the bank or electricity provider company, cash in hand, with their bill …
With the many changes in the banking sector and the country as a whole, Open Banking seeks to bridge the gap between banks and fintechs …
Open banking represents a shift – a movement from closed models to open systems that promote optimal value for both end-users and businesses alike. The …
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Open Banking APIs in Nigeria.
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