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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 […]


The Real Battle Between Banks and Fintechs is just Beginning
Business, ecosystem, FinTech, Government, Mobile, News, Policy, startups, Technology
7th November 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.


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