Fintech Insider Podcast by 11:FS cover image

678. News: What Open Banking brings to the cost of living crisis

Fintech Insider Podcast by 11:FS

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Paying Rent in Nigeria

I'm 25 and I do have a checkbook. But I don't use it often to pay rent or anything. It's just one of those financial instruments that you keep just in case there's a need for it. So right now we use bank transfers like we think that apps or we, you know, some of these banks have mobile apps where you cannot actually facilitate bank transfers. Nigeria and most of Africa are still heavily reliant on cash. There is 90% of the population or 90% of financial transactions happening in the country with cash as number one feature.

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