Fintech company exits agent banking but stays in Nigeria

File photo: Mile 12 Market, Lagos.
File photo: Mile 12 Market, Lagos. Photo: Jalol Pempeh / CC BY-SA 4.0, via Wikimedia Commons

Fintech company Onafriq is shutting down its Baxi agent banking business in Nigeria, citing rising costs, naira depreciation, and growing competition.

Fintech company Onafriq is shutting down its Baxi agent banking business in Nigeria, citing rising costs, naira depreciation, and growing competition.

Source: Punch. This is a short extract from the published report. Read the full story at the original site:

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