Fintech apps see traction as bank charges on online transactions surge

More individuals and businesses in Nigeria are seen adopting fintech bank apps as a means to escape excess charges and delayed services from commercial banks.

According to a BusinessDay survey, six out of 10 points of sale (PoS) operators and customers are shifting to wallets like Opay, Moniepoint, Paga, and Kuda, among others to carry out transactions.