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What Are The Next Steps For Open Banking In Nigeria?

The Central Bank of Nigeria (CBN) recently released the exposure draft of the operational guidelines of Open Banking in Nigeria which clearly stipulates the roles, …

Open Banking: Driving growth for banks in Nigeria

Introduction The way we carry out financial transactions today is very different from what it used to be. At the moment, there are a lot …

Open Banking In Africa

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 …

Open APIs: Why fintechs should also adopt common standards

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.

Cowrywise, Vbank, VerifyMe, SystemSpecs, Smile Identity and Carma join Open Banking Nigeria

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.

How Open banking can transform payments 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 …

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