
Upside of Naira shortage: evolution of Nigeria's payments landscape
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Nigeria's Naira shortage has given rise to the evolution of West Africa's digital payments landscape. Just below 40% of Nigerian's have access to bank accounts while mobile penetration sits at 117%. Fintech companies are therefore becoming increasingly important in driving cashless payments in the region. Business Day TV spoke to Mxolisi Msutwana, Chief Operating Officer of fintech start-up, Baxi for more insight.