To put in the simplest of terms, FinTech (Financial Technology) is the generic term used to describe the technology (internet, mobile devices, software app, cloud services and many more) that are used in delivering financial services that were exclusive to traditional financial institutions.
Being a country populated by personalities with thick resistance to change, it might have been hard to predict a future where a considerable percentage of the population will be willing to make and receive payment by using channels inspired solely by technology.
Learn more: https://leadwebpraxis.com/evolution-of-fintech-in-nigeria/
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