Tag: FinTech

Amidst the swiftly changing global panorama, our approach to work has experienced a profound revolution. Conventional job frameworks are progressively yielding ground to more adaptable and location-independent work setups. This evolution has been propelled even further by the rise of digital currencies, exemplified by the Digital Yuan. Within the expanse of this comprehensive article, we embark on an exploration of the captivating juncture where remote freelancing converges with the Digital Yuan. This analysis delves into the profound implications of these dual phenomena, elucidating their combined role in the transformative remolding of the very fabric of the global work landscape. If you...

The landscape of freelancing and the gig economy has undergone a notable and dynamic shift, largely attributed to the ascent of digital currencies. Notably, the Digital Yuan has risen as a pivotal disruptor, fundamentally reshaping the manner in which freelancers navigate transactions, oversee their monetary affairs, and attain vital financial amenities. Within the expanse of this extensive discourse, we embark on an in-depth exploration of the profound footprint left by the Digital Yuan within the gig economy sphere, meticulously unraveling its intricate mechanisms and elucidating how it plays an instrumental role in nurturing and advancing financial inclusivity. You may start trading...

Wema Bank, Nigeria's leading innovative bank, has partnered with the Federal Government of Nigeria to establish digital and skill innovation hubs across states in the country, with a target to empower one million youths with digital and other relevant skills. The initiative, known as FGN/ALAT Digital and SkillNovation Hub, was agreed upon during a meeting between representatives of the bank and Vice President Kashim Shettima in Abuja, aligning with President Bola Tinubu's administration’s commitment to creating more digital jobs for young Nigerians. Over the years, Wema Bank has been a pioneer in digital transformation within the banking industry, committed to fostering...

The economy is the essential concern of every government because the government's officials always want the best economy. After all, it is one thing that helps them increase the value of the things exported by the country. On the other hand, if a country's economy is good, it will have the power to deal with the problems on the international level. There are many things the government is using as a strategy to increase the graph of the economy, and the invention of the digital yuan by China is one of them. Numerous links like china's digital currency can help...

Money lending has always been a common practice among people from any society, century, and culture. Of course, the modern days are no exception. People still prefer safe money lending practices between individuals over bank loans and similar institutional lending models. Why? Well, it’s a much faster and more convenient way to borrow money from people you know (or meet online) without putting anyone at risk in the process.  That’s why the peer-to-peer lending business has always been a promising industry. However, the market has been booming ever since the global pandemic and the further economical complications that followed. As...

Traditional financial institutions in Nigeria are playing a considerable role in the Nigerian economy by providing borrowers with informal loans. Besides providing financial support, credit facilities are also promoting social cohesion among people living in towns and villages. Credit facilities can help small businesses and boost startups because of the lack of coherent government policies to support entrepreneurship. How Informal Financial Sector Is Organized People from different locations and especially those with similar interests or problems, organize themselves in groups from mutual help. Despite the presence of banks in Nigeria, informal banking is still in existence since banks cannot reach all...

Your bank might charge you for overdrafting, using ATMs, receiving paper statements and some other services. Read this article to get to know how to avoid excessive fees and cut down your expenses! In this article, we'll list the five most popular types of bank fees and share recommendations on evading them. ATM Fees Normally, your bank should allow you to use its ATMs for free. But if you withdraw cash from an ATM of another financial institution, you might need to pay a fee. These fees tend to grow over time because the demand for ATMs is decreasing. People are getting more and...

This article is aimed at enlightening you on the Bank Of America ATM withdrawal limit. Are you a person who uses cash often for various reasons? Are you about opening an account with Bank Of America and you want to know all there is to the account? Or, are you among the group of persons who for one reason or the other just want to be abreast of the ATM withdrawal limit of the Bank of America? Then you are certainly at the right place. Read on to get answers to all your questions. What Is Bank Of America ATM Withdrawal Limit? ATM...

With cryptocurrency investments in 2021, it will be possible to get filthy rich. The downside is that you could lose any money you have. Both are true, but how? Crypto-asset investments can be risky, but also extremely lucrative. Cryptocurrencies are a good investment if you want direct exposure to the demand for digital currencies. Stocks of companies with exposure to cryptocurrency are a safer but potentially less lucrative alternative. Take a look at the advantages and disadvantages of investing in cryptocurrency. Are Cryptocurrencies Safe? Cryptocurrency is not completely safe, at least not right now. On the other hand, other evidence suggests that it...

Africa’s leading finance app invites Nigerians to compare and save With over 23 million downloads, Branch is one of the most popular lending apps in the world. The app now offers 2 new noteworthy services: Unlimited free money transfer (unmatched amongst today’s finance apps) 20% per annum investment returns (amongst Nigeria’s highest) These new offerings complement instant loans up to N500,000, free bill pay, airtime top ups, and other existing services found within the app. Taken together, customers can now enjoy a single app to manage their money with unmatched value. “Finding the best deal when it comes to your money can be...