National Economy
Sunday, August 10, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Lead-In

Is Your Club Playing In The Fintech Champions League?

by Rarzack Olaegbe
1 year ago
in Lead-In, Click Send
Reading Time: 2 mins read
Champions
Share on FacebookShare on TwitterShare on Telegram

Fourteen years. Arsenal Football Club has not played in the UEFA Champions League for 14 years. The club has qualified for the quarterfinal stage this year. It hopes to beat all opposition to win the coveted Champions League trophy. Winning the Champions League will increase its commercial value, its reputation, its squad strength, and brand name.

A Champions League title is the highest achievement in European club football. Besides winning the Champions League, the winner qualifies for the UEFA Super Cup. The winner will face the Europa League champions in a one-off game. It will be the UEFA representative in the following FIFA Club World Cup.

On The One Hand

Fintech firms want something like this. They are not satisfied with playing on peripherals. They have up their game. The Fintech firms have to do that. Otherwise, it is game over. Let us rewind. The Fintech firms came with the mindset to disrupt the financial services space. Press the button. Offer digital service. Personalise it. Deliver it fast. But traditional banks struggled to match this approach.

You May Like

Despite Crackdowns, Onshore Gas Flaring Surges In Nigeria

FG Invests $538m In Agro-industrial Hubs, Eyes 785,000 Jobs

Nevertheless, traditional banks have some advantages: Regulatory support. Stability. Existing client base. Traditional capital sources. Broader financial solutions. And more. To become more and rub shoulders with banks, some Fintech firms have acquired microfinance bank (MFB) licenses.

On The Other Hand

The MFB license offers fintech the advantage to manoeuvre and play in the Fintech Champions League. Who are the winners? Let us see. Piggyvest is licensed by the CBN as a microfinance bank. It has the leeway to play like a bank. To provide customers with savings and investment tools. Ditto VFD and Moniepoint. As icing on its cake, Moniepoint has a Switch and Processor licence.

FairMoney is now a microfinance bank. FairMoney processes over 10,000 loans daily. Carbon got one, too. It can dance like a bank and issue debit cards. Kuda, Eyowo and Sparkle are fully licensed MFBs. These fintech-turned-banks will extend the boundaries of financial inclusion by making it easy for Nigerians to access financial services.

In The Long Term

It is game on in the Fintech Champions League! Traditional banks do not own the turf anymore. Traditional banks cannot play God anymore. Pre-MFB license period, the traditional banks held the ace. No, not anymore. These fintech start-ups have upped the ante. They are improving the status, value, reputation, and patronage of the MFB.

These Fintech firms are also offering a certain level of assurance to customers: Your money is safe with us. Come. We will treat you with dignity.

In The Short Term

With the CBN backing the Fintech firms, they and the Gooners can win the Champions League!  

 

Tags: Champions League
ShareTweetShare
Previous Post

Africa Energy Bank Prepares 2024 Launch With $5bn Capital

Next Post

Employees Collaboration Is Essential For Cybersecurity Teams

ANOTHER GOOD READ

Despite Crackdowns, Onshore Gas Flaring Surges In Nigeria
Cover

Despite Crackdowns, Onshore Gas Flaring Surges In Nigeria

6 days ago
FG Invests $538m In Agro-industrial Hubs, Eyes 785,000 Jobs
Lead-In

FG Invests $538m In Agro-industrial Hubs, Eyes 785,000 Jobs

6 days ago
Nigeria’s Pension Assets Hit ₦24.63trn Amid Market Shifts
Lead-In

Nigeria’s Pension Assets Hit ₦24.63trn Amid Market Shifts

6 days ago
FIRS Ends Tax Exemption Certificates For All Entities
Lead-In

FIRS Ends Tax Exemption Certificates For All Entities

6 days ago
BPP: Open Contracting Portal Saves FG ₦173bn In 6 Months
Lead-In

BPP: Open Contracting Portal Saves FG ₦173bn In 6 Months

6 days ago
Where Is The Fighting Ground Of Fintech Firms?
Click Send

Where Is The Fighting Ground Of Fintech Firms?

2 weeks ago
Next Post
Employees Collaboration Is Essential For Cybersecurity Teams

Employees Collaboration Is Essential For Cybersecurity Teams

Most Recent

Nigeria Non-Oil Exports Hit $3.225bn In Half-Year 2025

Nigeria Non-Oil Exports Hit $3.225bn In Half-Year 2025

August 10, 2025
Nigeria Exports 663m Metric Tonnes Of Products Within ECOWAS In 6 Months

Nigeria Exports 663m Metric Tonnes Of Products Within ECOWAS In 6 Months

August 10, 2025
LG Launches “Radio Optimism” Campaign

LG, PricePally Launch ‘Fill Up’ Campaign

August 10, 2025
Former Minister, PDP Chair Audu Ogbeh Dies At 78

Former Minister, PDP Chair Audu Ogbeh Dies At 78

August 9, 2025
NERC Chairman-designate Ramat Resumes Without Senate Confirmation

NERC Chairman-designate Ramat Resumes Without Senate Confirmation

August 9, 2025
Oyo Gov’t Denies False Pensioner Verification Notice

Oyo Gov’t Denies False Pensioner Verification Notice

August 9, 2025
NNPCL Retail Sanctions Staff Over Attempt To Cheat Customer In Lagos

NNPCL Retail Sanctions Staff Over Attempt To Cheat Customer In Lagos

August 9, 2025
Nigerian Gov’t, US Partner To Strengthen Visa Compliance

Nigerian Gov’t, US Partner To Strengthen Visa Compliance

August 9, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy