Digital banking has definitely changed the banking sector in Nigeria. However, another sector that has also felt its impact is the Agribusiness sector. The agribusiness sector in Nigeria and across Africa has witnessed some remarkable changes due to the influence of digital banking. Before the emergence of digital banking in Nigeria, it was not always …
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The advent of digital banking in Nigeria has changed the Nigerian financial landscape in no small way. Digital banking has reshaped the banking industry in Nigeria to promote investment opportunities in the following ways: Granting Access Since the inception of digital banking, more people have had access to investment opportunities like never before. There has …
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The advent of digital banking in Nigeria has been game-changing in many ways. Digital banking goes beyond just meeting the needs of individuals. It has the power to change the entire economic landscape. Other contributions of digital banking to the Nigerian economy includes; Provision of Financial Inclusion and Stability Before digital banking made …
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Digital and mobile banking are two words we hear thrown around nowadays. Many people assume that these words mean the same thing. But are they really the same thing? The Definitions First, we need to define the two terms. Mobile banking, according to Investopedia, is simply the act of performing financial transactions on a …
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More Data-driven The more we, as a society advance in the area of technology, the more data-driven the digital banking space will become. With the dawn of technology and social media, we now live in a world guided and driven by data. Soon, banks will start using their consumer’s data to create more personalised services, …
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Years after the advent of internet technology and the growth of digital banking in Nigeria, it is quite surprising to know there are Nigerians who are doubtful and sceptical about the authenticity and trustworthiness of the internet and digital banking. Some people (especially senior citizens) believe the idea behind digital banking is somewhat too abstract …
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The digital revolution in banking that started with most traditional banks offering their customers high-quality web and mobile websites/Apps has now grown to become an alternative approach where digital is now not just an additional feature but a fully integrated mobile experience with customers using their smartphones or computer tablets to do everything – from …
The benefits of digital banking go beyond transferring funds, mobile banking and cash withdrawals. If you are still unsure about joining the digital banking train, perhaps this article will help you realise what you have been missing out on. One thing that sets digital banking apart from traditional banking is that it offers people more …
1. Convenience With all the inconveniences Nigerians deal with daily, digital banking makes life less stressful for people. There is no longer a need to go to the bank and wait in line for every single transaction one needs to make. Time, they say, is money, and the time saved on each transaction could be …
Business activities such as banking, buying, and selling, transport bookings, entertainment and events have transitioned from manual operations to a more sophisticated affair. Relying heavily on digital assets, these activities are now easily accessed from anywhere in the world through the comfort of a mobile phone. Therefore, having a digital wallet is essential for anyone …
