Category: Banking info

Mobile Banking and USSD Transactions Come Up- How Mobile Banking is Disrupting Financial Inclusion in Nigeria

Introduction: Nigeria is presently undergoing a transformation in its financial architecture, triggered by its large population and ever-increasing mobile penetration. Mobile banking and USSD (Unstructured Supplementary Service Data) transactions are two very powerful tools that combine democratizing access to financial services...

How to Completely Secure Your Bank Accounts from Scams- Essential Tips for Defense from Cyber Threats, Phishing Schemes, and ATM Fraud:

Introduction: The more advanced our society becomes, the more risks are associated with the convenience of using online banking and electronic transactions. Increasingly sophisticated methods are employed by cybercriminals who steal sensitive information and ultimately drain bank accounts. It requires quite...

Fintech Versus Banking Traditions: Who’s Winning within Nigeria? – Searching the Different Ways of Fintech Startups Competing with Conventional Banking Models

Introduction: Fintech startups have triggered a massive societal upheaval in the financial sectors of Nigeria: fast-moving, tech-enabled, and agile, these enterprises have sprung up in strong opposition against the traditional banking model. By now, their innovations have made slow but very...