★★★ Umba is a digital banking app which provides simple banking services to its customers including Umba loans, bill payments, peer-to-peer payments amongst other services. The company, which began its operations in Kenya in 2018 says it intends to bring formal banking services to the unbanked population of an estimated 200 million people in sub-Saharan Africa. Umba currently has operations in Kenya since 2018 and recently in Nigeria after it secured a $2 million seed…
POS business is the new way shop owners can add an extra source of income to their existing business. Opay is part of new crop of Fintech companies that are empowering Nigerians with a way to own and operate their own ‘mini-banks’. If you’re looking for information on how to register to become an Opay agent and get a free Opay mini POS machine, then this article is for you. Opay finance is the financial…
Stanbic IBTC Bank, one of Nigeria’s most innovative player in the financial industry is offering its customers instant loan of up to 4 million Naira through its EZ Cash loan offers. If you’re in need of a quick loan to buy a new phone, home appliances or you even need money for the big stuffs like weddings, paying school fees, or Medical bills, Stanbic IBTC EZ Cash loan has got you covered with an offer…
Guaranteed Trust Bank (GTBank) is one of Nigeria’s most innovative commercial banks. If you’re a customer of this bank, you must have noticed some of their pesky daily transaction limits on cash transfer between accounts. Whether you are transferring money to accounts in other banks, or you’re making the transfer to another GTBank account, you experience the same limits once you try to go beyond the acceptable threshold. The daily limit on cash transfer with…
Bank Verification Number (BVN) is a scheme introduced by the Central Bank of Nigeria (CBN) to issue a unique biometric identity to every bank customer in Nigeria. The number is a unique set of eleven digits which contains costumers fingerprint, picture, name, address, contact details and other biometric identifiers. The main purpose of the BVN is to curb fraud and other illegal financial transactions in Nigeria as customers can now be uniquely identified and traced.…