A subsidiary of MTN Nigeria, Yello Digital Financial Services (YDFS), has secured a licence from the Central Bank of Nigeria to operate financial services in the country.
A new partnership between Flutterwave and Chinese e-commerce giant Alibaba, has opened up a potential Chinese market of over 1 billion people for African merchants.
Nigeria-based OPay has closed a new $50 million funding round, the largest for any Nigerian tech startup so far in 2019. The company will use the new funding to deepen its roots in the Nigerian market for all its digital businesses including ORide and OFood. It also has plans to expand to other African markets.
Ademola says having the right physical to digital mix is particularly important for the success of the fintech industry in Nigeria. “When it comes to financial inclusion, you still have to reach customers where they are,” she said.
Here’s the video of the panel session at TC Townhall: Fintech 2.0. The panel had fintech entrepreneurs and investors, with discussions around the history of fintech, regulatory issues, product thinking, last mile considerations and the future of fintech.
[Video] Watch Mimshach Obioha, Director for Innovation and Entrepreneurship, speak about the importance of collaborations between legacy companies and fintech startups at the Fintech 2.0 TC Townhall.