Fintava Pay is banking the unbanked in Northern Nigeria
- Fintava Pay launched in 2022 to provide Banking-as-a-Service solutions for financial inclusion in Northern Nigeria.
- The startup customizes banking solutions in Hausa and employs non-smartphone verification methods to cater to low digital literacy.
- Fintava Pay recently onboarded BusyPay, a super agent network, which led to 1,000 downloads of its custom banking app within 24 hours.
Fintava Pay's innovative approach to financial inclusion in Northern Nigeria is commendable, particularly in addressing the unique challenges of low digital literacy and cultural perceptions of banking. Their focus on partnerships with local agents and businesses is a strategic move that could serve as a model for similar initiatives across Africa. However, the company must continue to navigate the complexities of fraud and user trust to ensure sustainable growth.
