Wire · operational-macro
Fintechs must move beyond payments to become economic infrastructure — Lagos Deputy Governor
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 24 September 2026 · Fusion42 review
Nigeria's Lagos Deputy Governor emphasised that fintechs must evolve beyond facilitating digital payments to building broader economic infrastructure that supports credit, insurance, savings, and enhances digital productivity. This shift leverages Nigeria's growing real-time payment systems as a foundation for enabling wider economic participation and smarter financial decision-making.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Fintech founders in Nigeria must pivot from payments to embedding their services as essential economic infrastructure that supports credit and insurance. This shift opens a large market for building tools that turn payment data into actionable financial services and cross-border commerce capabilities.
◆ Coverage
1 source · 24 Sep 2026
◆ Related on Wire
◆ Topics