Nigeria FinTech Landscape - Impact Assessment
Use cases and impact of fintech in South-East Nigeria
Profile of South East Nigeria'
Diverse commercial activity - known for
trading and automobile assembly
Home to one of the most advanced informal
apprenticeship and entrepreneurial programs
in the world
Home to N130 bn shoe industry
Home to Nnewi, the city with the highest
number of billionaires, in Nigeria
87% of the population own a digital asset
Use of fintech in the South-East
Use
Cash in cash
out
Payments
Access to
financing
Saving
Business
Services
.....
Description
Traders are able to deposit funds into and withdraw funds from their account
through an agent
Payment to suppliers and traders using USSD and other digital channels
Access to credit facilities with less stringent requirements in order to lend against
turnover for trade
Budgeting tools and savings products on a single platform primarily used by
women and young people
APIs and invoicing for merchants
Players
paga
your cash, anywhere, anytime
Non-exhaustive
POPay
GTBank
OPay Kudi Quickteller 7
carbon migorenmoney
piggyvest cowrywise
paystack
Interswitch
။
FlutterwaveⓇ
Impact
Increased financial
inclusion
1. Profile of South East Nigeria relative to other regions in Nigeria
Source: Lagos Business School Digital Financial Service Lab; Forbes Africa; businessamlive.com; Team analysis
Democratisation of
savings
Increased efficiency and
access to finance for
MSMEs
135
EFINAView entire presentation