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What is Fintech ? Types of Fintech

By Paul Fakayejo

August 25, 2021

Fintech, or financial technology, is the term used to describe any technology that delivers financial services through software, such as online banking, mobile payment apps or even cryptocurrency. Fintech refers to software, algorithms and applications for both computers-…

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Nigeria to Launch Its Own Cryptocurrency ‘eNaira’ in Partnership With Bitt

By Paul Fakayejo

September 3, 2021

Nigeria barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February. HIGHLIGHTS eNaira would accelerate financial inclusion The first cryptocurrency ATM opened in Honduras last week The machine is locally dubbed "la bitcoinera"…

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Difference between open-loop and closed-loop payment cards

By Paul Fakayejo

September 22, 2021

What is open-loop? Open-loop payments are attracting attention worldwide as a convenient method of paying for transport and other services. Open-loop means any payment method can be used to make payments without having to be part of the…

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