financial technology (fintech) in Nigeria

Financial technology (fintech) in Nigeria refers to innovative digital solutions that improve and streamline financial services such as banking, payments, lending, and investments. Enabled by widespread mobile phone use and internet access, fintech companies provide faster, more accessible financial products, especially for those underserved by traditional banks. Examples include mobile payment platforms like Paga, digital banking apps, and online lending services. These innovations promote financial inclusion, making it easier for Nigerians to save, borrow, and transact securely, fostering economic growth and empowering individuals and small businesses.