What Areas of the Nigerian Digital Transformation Should Carry on Growing in 2023? 1 The world is undergoing a digital transformation right now and Nigeria is well-placed to play a big role in this exciting future. So, what can we expect from the country’s digital industry from now across different industries? Digital Payments and Fintechs Nigeria has one of the world’s fastest-growing fintech sectors, with up to 200 fintechs operating in the country. In terms of the number of digital transactions carried out, 2021 saw almost $700 million moved by these companies. Paga, Cowrywise, and PiggyVest are among the most popular apps launched to date by Nigerian fintechs. The signs are that the fintech scene will keep on growing as new investment rolls in. Tennis legend Serena William is among the investors to put money into a Nigerian fintech, as she contributed to a $3.3 million funding round for the Stears data and insights start-up that carries out deep research on a wide range of business topics. As the most populous country in Africa, the size of the Nigerian market makes it an attractive option for start-up investors, both in terms of finding local talent to work for them […]
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