Nigerian FinTech Startups aim to take your business to big profits globally

Nigerian FinTech Startups aim to take your business to big profits globally

When it comes to customers, experience is everything. They can expect the same type of experience through a smaller firm as they do through a larger firm. Although large organizations with large pockets can afford digital transformation initiatives, not all businesses enjoy such luxuries. For organizations that are constantly looking for ways to turn business dreams into reality, WeeTracker is a ray of hope for Nigerian FinTech Startups that opens doors to new business possibilities and enhances the customer experience with high-end solutions which they can only dream of before. They say that technology like Nigerian fintech startups is at a great level and there cannot be a better example than fintech because banking services which was once a sector of banking and financial institutions have made start-up players in the space compete with the vast and established Have seen doing Banking Corporation. Traditional banking institutions are lagging behind in the digital race simply because they are in the race. However, banks are slow to change due to their legacy systems and regulatory framework and cannot take advantage of emerging technologies as fintech companies.

Here are some of the ways in which technology is revolutionizing Nigerian FinTech Startups:

No one takes this more seriously than Nigerian FinTech Startups organizations because they knew the current generation is online all the time, thanks to the smartphones that have completely changed their expectations. Online, social and mobile technologies have developed new opportunities for fintech organizations to engage with their audiences and handle interactions digitally more effectively, with personalized services and relevant information delivered directly to devices. Traditional banks can pick up immediately when it comes to attracting customers, as consumers expect a lot, and they desire the same type of experience they get from Amazon, Facebook, etc. What is common between PayPal, Paytm, GooglePay and ApplePay are that it allows you to send any amount to anyone at the click of a button without going to the bank, which was not possible a few years back. Mobile payments or peer-to-peer apps have completely changed the way users handle money today. No wonder most smartphone users regularly use mobile payment apps as they are easy to use, and offer convenience, flexibility, and much-needed security. What’s more, these P2P apps bring anytime, anywhere banking services to their customers in an affordable manner.

Reaching unbanked and underbanked

Don’t have time to go to the bank or are tired of standing in long queues outside ATMs, you have a good reason to use a mobile money app. However, there are plenty of people, especially in rural areas, and access to banks and ATMs is a remote possibility. This kind of money app offers tremendous opportunities to conduct confrontational transactions and enjoy banking services from the comfort of a mobile. Nigerian FinTech startups aim to bridge the gap by helping unbanked and under-banked gain access to banking services.

Disrupt the Traditional Lending

For many decades, the traditional loan process was characterized by filling out loan applications and submitting various documents and there is little chance of a quick response even after all this, there is no chance that you will get a positive response anytime soon. Will get And even if everything goes well, you are likely to get the money soon. However, this is a thing of the past, thanks to Nigerian FinTech Startups solutions, borrowing money became easy and instant. You no longer need to go to the bank, do lots of papers and wait for days to hear the good news. Borrow money in hours or months, without any stress and tension through the comfort of your home. Digital technology is at the heart of peer-to-peer lending success and it enables fintech players to keep costs to a minimum and offer products and services to meet the needs of specific target groups. P2P lending is one such solution that promises to provide a lot of benefits for both the borrowers and the lenders. Financial technology is a new kid within the financial industry block however it has already become changing face of the financial industry. With any technology, Nigerian FinTech Startups and South African Technology Startups are far from perfect and there are multiple factors like the security that would determine their growth trajectory.

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