Nigeria FinTech Landscape - Impact Assessment
Nigeria FinTech Landscape
II: Other FinTech products are increasingly gaining traction especially among SME
owners
Chima the SME owner's interaction with fintech products
ILLUSTRATIVE
A
B
C
Bolt
Takes Bolt ride hailing service to travel to his
mini-market in Yaba
Generates customer invoices and applies for
N200,000 quick loan on Lidya to purchase
inventory
F
E
Deposits N50,000 in Piggyvest account -
N20,000 savings and N30,000 in
agriculture investment
G
Deposits money in account via agent to
avoid queues at the bank
H
Pays supplier via Flutterwave for inventory
delivery
D
Walk-in customers pay for merchandise
using Quickteller, Paga, cards on POS or
cash
Orders food on Jumiafood and pays online
with JumiaPay
Closes shop and deposits money in business
account at local bank branch
Takes Uber home
|
EFINA
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