ibadankeys:
With (DMBs) deposits money banks overwhelmed by ATM issues and thus delivering poor services, FINTECHs in the city of Ibadan have refused to UP thier game and fill these gaps by establishing thier FOOTHOLD in a relatively LARGE untapped market !.
With Nigeria's population growing at an alarming rate of 3% per annum with no corresponding economic growth, people are moving to the hinterland for succor, especially with regards to the issue of ACCOMMODATION....as they cant afford high cost rent/accommodation in the city centre. These has being a major challenge to the banks as they can not match these population explosion at the city's fringes/outskirts with banking facilities especially ATM services.
There over 15 non banking operators in Nigeria since PAGA was first given the MOBILE MONEY LICENCE in 2011.Paga have since established itself as a dominant player in the industry with over 120,000 agents, processing over 9.5m transactions worth over N156Billion as at 2015, but what percentage has Ibadan city in piece of data ?....as most fintech have refused to see the great potentials in the city especially at its fringes and outskirts. For some middle class neighborhood, fintechs are not visible (and if visible people are not aware of thier services due to lack of sensitization) leading to city's inhabitants spending long treacherous, cruel and avoidable hours (especially during festive holidays ) queuing for withdrawals. During the last holidays, a colleague who wanted to withdraw money at the STANBIC ATM booth in Monatan was given " No 396" on the queue !.
With improved INTERNET facilities, Fintechs need to wake up and latch on these ibadan "market" and put an end to these sense less and end less queues scattered at the city's ATM booths. With lean pockets the banks are not ready to improve these services, so the earlier fintechs fill these hug gap the better. For instance, the last ATM booth along the major and
popular BASHORUN, Ashi, General Gas, Omolayo, Akobo Ojurin ,Olorunsa Axis is at because...a Sterling Bank ATM. These listed neighborhood literally combined to form almost a city on its own !. A 3 Office Accommodation (for fintechs operations) along these commercial corridor should not be more N150,000 per annum, so Office accommodation should not be an issue to start !. Commission rates also posted here should endear attraction to Prospective Agents.

ibadankeys:
With (DMBs) deposits money banks overwhelmed by ATM issues and thus delivering poor services, FINTECHs in the city of Ibadan have refused to UP thier game and fill these gaps by establishing thier FOOTHOLD in a relatively LARGE untapped market !

With Nigeria's population growing at an alarming rate of 3% per annum with no corresponding economic growth, people are moving to the hinterland for succor, especially with regards to the issue of ACCOMMODATION....as they cant afford high cost rent/accommodation in the city centre. These has being a major challenge to the banks as they can not match these population explosion at the city's fringes/outskirts with banking facilities especially ATM services.

There over 15 non banking operators in Nigeria since PAGA was first given the MOBILE MONEY LICENCE in 2011.Paga have since established itself as a dominant player in the industry with over 120,000 agents, processing over 9.5m transactions worth over N156Billion as at 2015, but what percentage has Ibadan city in piece of data as most fintech have refused to see the great potentials in the city especially at its fringes and outskirts. For some middle class neighborhood, fintechs are not visible (and if visible people are not aware of thier services due to lack of sensitization) leading to city's inhabitants spending long treacherous, cruel and avoidable hours (especially during festive holidays ) queuing for withdrawals. During the last holidays, a colleague who wanted to withdraw money at the STANBIC ATM booth in Monatan was given " No 396" on the queue !

With improved INTERNET facilities, Fintechs need to wake up and latch on these ibadan "market" and put an end to these sense less and end less queues scattered at the city's ATM booths. With lean pockets the banks are not ready to improve these services, so the earlier fintechs fill these hug gap the better. For instance, the last ATM booth along the major and
popular BASHORUN, Ashi, General Gas, Omolayo, Akobo Ojurin ,Olorunsa Axis is at because...a Sterling Bank ATM.

These listed neighborhood literally combined to form almost a city on its own !. A 3 rooms Office Accommodation (for fintechs operations) along these commercial corridor should not be more N150,000 per annum, so Office accommodation should not be an issue to start !. Commission rates also posted here should endear attraction to Prospective Agents.