Concerns as Nigerian Businesses Shun Traditional Banks to Open Opay, Moniepoint, Others

Concerns as Nigerian Businesses Shun Traditional Banks to Open Opay, Moniepoint, Others …C0NTINUE READING HERE >>>

Just 11% of businesses in Nigeria’s informal sector have accounts with traditional banks, according to recent dataFurthermore, 39.5% of participants in the informal sector used digital banks, according to the reportMen were more inclined to start a business; women were more likely to do so since they didn’t have enough money from more formal jobs

A recent research has indicated that a mere 11% of firms in Nigeria’s informal sector maintain accounts with conventional banks, despite…

>