On Tuesday evening, James Chijindu went to a mall in Lagos to grab a meal and groceries. When it came time to pay, his Guaranty Trust Bank and First Bank debit cards were unresponsive. So he called a GTBank helpline and the message was clear; Chijindu’s account was closed in accordance with the directive of […]
The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the product cycle. — Think back to the first time you opened a bank account. It was probably because you needed […]
GTBank wants to restructure as a holdings company. Its CEO, Segun Agbaje, made the disclosure during the bank’s earnings call for the fourth quarter of 2019.
The Central Bank of Nigeria (CBN) wants banks to lend more. This time it’s not just talking. It is compelling them, somewhat. But the new policy it has issued could set the stage for the first real tussle between banks and fintechs.
Besides Western Union, there is no real way to move money between African countries. I don’t know a lot about payments, but as a user of financial services, this just feels like an absurd problem to have in 2018.
There’s a rising trend among banks in Nigeria: the creation of content marketing platforms.