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Smaller fin-tech Open Banking strategy will help reduce Nigeria's financial exclusion, improve access to credit

Smaller fin-tech Open Banking strategy will help reduce Nigeria's financial exclusion, improve access to credit
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Fintech predictions for 2021: Visa, Mastercard, to acquire Nigerian fintech giants


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Nigeria’s fintech space grew in leaps and bounds in 2020, and 2021 has all the ingredients to build on the growth of previous years. Founder and CEO of Trium Networks, Adedeji Olowe, has made new interesting predictions for the new year.
On December 30, we revisited the financial predictions for 2020 which featured major talking points like WhatsApp Pay, Paystack’s acquisition, MTN’s bid for a PSB licence, and OPay’s continued push for the payment market.
This year’s predictions feature more acquisitions and interbank transactions and Olowe walks us through what he describes as educated guesses, considering that no one can accurately predict the future. ....

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Reviewing Nigerian fintech predictions for 2020


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Despite a global pandemic, Nigeria’s financial sector has grown significantly in 2020. At the beginning of the year, Adedeji Olowe, Trium Networks CEO and Open Banking Nigeria trustee made some interesting economic predictions.
However, few people would have foreseen the wave of COVID-19 that caused massive disruptions in every economic sector across the globe.
Interestingly, some of Olowe’s predictions or “playful educated guesses” came to pass. Some came close, while others showed prospects.
From the historic acquisition of Paystack to the launch of Facebook Pay, Olowe walks us through some of his financial predictions for 2020.
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