Category Archives: Piscalux

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 […]

10 Predictions for Digital Payments in 2020

2019 was an interesting year for payments globally, and our dear Nigeria wasn’t left out of the parte. But 2020 would be even much more exciting as many of the payments food that got on the fire last year would be served piping hot at the start of the new decade. 2020 would be lit! As […]

Uber killed Lagos Yellow Cabs. GoKada may kill Okadas

Uber came to Lagos around 2014 and went straight for the middle-class crowd albeit, that market wasn’t fat enough. They soon found out that any businesses targeting recherché segments in Nigeria never last long. Uber pivoted as the recession gradually wore off as ride-hailing became the go-to for almost every middle-classer. It didn’t take too […]