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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.


Businesses are traditionally known to converse in high-sounding industry jargon and a great deal of formality in customer relations. But all these are being thrown out with the advent of social media platforms whose rules are set by the users.


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