Nigeria’s fintech industry has surged ahead, driven by user-friendly apps offering loans, savings, and effortless transactions. This sector has gained traction, especially during the naira redesign and cash shortages. As more Nigerians embrace fintech services, the app market has grown competitive, with the top apps surpassing one million downloads. For instance, FairMoney and OPay lead the downloads chart with over 10 million. These apps, accessible through the Google Play Store, are increasingly preferred over traditional banks, reshaping Nigeria’s financial landscape.
Do you prefer using traditional banking solutions or fintech apps for your financial needs? Why?
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