Category Archives: Piscalux

Simple ways to prevent banks from taking your money

Hardly a day goes by without someone screaming on Twitter about their bank taking their money even while doing little or no transactions. Trust me, Nigerian banks are optimized for money making but hey, who said you can’t beat them at their games? Here are simple steps you can take to take control of your […]

Why QR code payment would never succeed in Africa

Paying with QR code is so cool. All you need to do is bring out your smartphone, take a snapshot, and voila, payment is made. The simplicity and versatility are simply unparalleled. QR code payments have been adapted from in-store shopping; to online payments; to even paying for cable subscription on TV. As much as […]

Core banking software in Nigeria as of 2020

Core Banking Application, or CBA, is that monstrous piece of system that powers every bank, big or small. I have been tracking what each Nigerian bank uses for a few years now. As invisible as it is for most bank customers and humans, it’s a major determinant for fintechs and those who integrate with banks […]

Addressing Nigeria’s Overlooked Lending Opportunities

Introduction Improving access to credit has been high on the agenda of several international organizations and policymakers for many years. This is mostly because a large part of the world lives in poverty, with individuals and businesses lacking access to credit [1]. Nigeria has a high poverty rate, with about 86 million people living in […]

Visa buying Interswitch would upturn Mastercard’s game

In December 2010, Helios Investment Partners led an acquisition of a majority interest in what is now Africa’s first fintech unicorn – Interswitch. A decade later, Visa’s $200M funding confirms the hope of every investor in the first 10-12 years of their investment, an exit – Initial Price Offering (IPO) in this instance. What is […]