Nigeria FinTech Landscape - Impact Assessment

Global FinTech Landscape Globally FinTech are focused on consumer and SME banking (1/2) ESTIMATES McKinsey FinTech Landscape, No of FinTech as % of database 16% 11% 14% Share of total banking revenue pools FinTech <5% 5%-7.5% 7.5%-10% >10% 14% x% % of FinTech in Customer segments 8% Consumer logo SME 4% 5% 14% 3% 3% 2% 8% Payments & database (% adds up to 100%) Early disruptors focused on the consumer and SME payments space : " ◉ ◉ Payments is a significant market accounting for >15% of SME/retail segments and continuing to grow 90% of customer touch points involve payments Cost of entry tends to be lower for payments ■ Data from payments has led to newer savings and investment models Increasing shift towards savings, investments & lending: Leveraging technology to make attractive savings and investments models available The rise in advanced analytics has given rise to newer FinTech business models in saving and lending Data generated by payments and advanced analytics creating new lending models Transaction Large corporate³ Savings, Investments & Lending & Financing Products/capabilities Account management Capital Markets SOURCE: McKinsey FinTech database, Panorama Global Banking Pools EFINA 12

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