Four Nigerian banks processed $208 billion in mobile transactions in 2025

This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday.

Fintechs like OPay and PalmPay built their dominance on reliability and speed.

For years, failed transfers on bank apps and downtime pushed millions of Nigerians toward these