Nigeria FinTech Landscape - Impact Assessment

Nigeria FinTech Landscape FinTech activity in Nigeria has evolved from focusing on B2B to a growing number of B2C-focused and ecosystem players 2000-2007 2007 - 2018 2019 - present Key players Core focus Key drivers Regulation Infrastructure FinTech 1.0 SystemSpecs UP eTranzact≫ UNIFIED PAYMENTS innovations that work for you Interswitch ■ B2B services enabling banks and other financial institutions mainly in payments ■ NA EurOPay MasterCard and Visa (EMV) to enable pin and chip card transactions ☐ Paystack FinTech 2.0 paga your cash, anywhere, anytime Flutterwave® cellulant life is mobile CowryWise ρ carbon OPay piggyvest ■ CBN launched PSV 2020 to drive cashless economy ■ Prominence of mobile payments ☐ B2C players focused on specific niches ■ Cashless policy, financial inclusion/ SANEF NIBSS Instant Payment MasterCard Internet Gateway MasterCard Payment Gateway FinTech 3.0 JUMIA ONE palmpay DNA Ecosystem players offering full array of financial and non- financial services e.g. ride- hailing, music NA ■ NA EFINA 37

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