FINTECH
Top Digital Banking Platforms in Nigeria

Top Digital Banking Platforms in Nigeria
The Nigerian banking sector has evolved over time, with digital banking platforms taking center stage and offering more competitive services than traditional banks. They’re pushing the traditional banks aside and attracting customers with free, accessible, and more convenient banking.
However, while many digital banks are making waves in the banking industry, many more are struggling to meet increasing customer expectations.
Therefore, to enjoy the best digital banking services, you must have an account with one of the top digital banking platforms in Nigeria. This article discusses six of them.
Top Digital Banking Platforms in Nigeria
Mintyn Bank
Mintyn Online Bank is one of the top digital banking platforms in Nigeria. It’s a licensed product of Finex Microfinance Bank, created to give customers a free, more convenient alternative to traditional banks.
Mintyn offers services to both individuals and businesses through its personal and corporate accounts. These accounts give people access to amazing banking services such as savings accounts, current accounts, instant loans, investment options, expense trackers, and more. The savings account allows you to make a goal-based savings plan, which earns you up to 36.5% interest on your savings. The current account and investment feature offers amazing perks that every profit-savvy individual would love. For instance, the investment option at Mintyn allows users to invest in high-interest-yielding mutual funds based on the level of risk they’re willing to take.
With a Mintyn account, you have access to a Naira debit card and a virtual dollar card, both of which allow you to make transactions on the go in Nigeria and also make payments online on foreign platforms. You can also purchase virtual gift cards for your online subscriptions or shop on platforms like Amazon, Nike, eBay, etc.
Most people love Mintyn for its free banking services, including unlimited free transfers, free debit cards, no monthly maintenance costs, etc. The cardless withdrawal feature on Mintyn, with its 24/7 customer support and the ability to make bulk transfers, makes it people’s favorite online bank.
Mintyn is available on both the Apple Store and the Google Play Store.
Alat by Wema
Alat by Wema Bank is Nigeria’s first truly digital banking platform. It was established in 2017 to give people a 360 digital banking experience that is simple, reliable, convenient and affordable.
Alat offers several amazing features to give you an exciting digital banking experience. These features include a savings and domiciliary account, instant loans, card services (virtual, debit, and credit cards), 24/7 customer support, and many more. Signing up and enjoying these services only takes a few minutes. After signing up, you can pick one of the three debit card designs on the platform, and Alat will deliver it to you in 5 business days, anywhere in Nigeria, at no cost.
With the Alat app, you can easily pay your bills, set a savings goal, and work diligently to achieve it.
Kuda Bank
Kuda broke into the Nigerian banking space with the mantra “the bank of the free.” And with a free debit card upon sign-up and 25 free transfers to Nigerian banks every month, it has succeeded in reducing the cost of operating a bank account in Nigeria.
With over 5 million users, Kuda is one of the top digital banking platforms in Nigeria. Unlike some other banks, Kuda’s services are simplified. It allows people to make savings, pay bills with ease and invest their money.
The Kuda free debit card is one of the most fascinating things about the online banking platform. Once you sign up and request the debit card, Kuda will send it to wherever you are in Nigeria at no cost. But the most interesting thing about this card is that it comes with no maintenance cost, unlike the cards from traditional banking platforms.
As a CBN-licensed microfinance bank with its deposits insured by the Nigerian Deposit Insurance Company (NDIC), Kuda guarantees safety for your money.
With up to 15% interest in savings, free instant notifications on transactions, instant reversals on failed transactions, free transfers, and free monthly maintenance, there’s no doubt why Kuda is a favorite of millions of Nigerians.
Rubies
Rubies is one of the top online banking platforms changing the world of banking and payment in Nigeria. It offers digital banking services to individuals, businesses, fintechs, and other financial institutions.
Rubies account users have access to a platform that allows them to send and receive money, make bill payments, save money, take short loans, and invest. Like other digital banks, Rubies offers a debit Naira card that allows you to transact in Nigeria on the go. The card is completely free; just make a request on the Rubies app, and it will be delivered wherever you are in Nigeria. There’s also the Rubies virtual dollar card, which allows you to make payments or purchases on international platforms.
Rubies also enables you to set savings goals and track your savings until you achieve those goals. The Rubies investment feature allows you to put your money in fixed deposits and other mouthwatering investment products.
However, one of the most fascinating and unique things about the Rubies app is the “money request” feature. This feature allows you to send a money request to someone instead of constantly reminding them to pay you. Once the person accepts the request, your Rubies account will be credited. For incoming money requests, you can accept, decline, or blacklist them as you wish.
Sparkle
Sparkle is a digital banking platform with a mission beyond banking. It is a lifestyle and financial ecosystem providing seamless solutions to retailers, SMEs, and individuals looking to make better money management and investment decisions.
Sparkle enables users to open a bank account in less than 5 minutes, set up a savings plan, track expenses, send and request money, and get quick loans to sort out urgent needs. The Sparkle debit card, with embedded card control features, allows users to make transactions online and in person easily.
With over $420 million in transaction value since it was founded, Sparkle has proven to be a reliable online banking platform where Nigerians and Africans, in general, can carry out transactions securely.
You can join the Sparkle tribe by downloading the Sparkle mobile app on either the App Store or Google Play and creating your account within minutes.
V by VFD
Vbank, or V by VFD, is another top online banking platform that positively influences the banking industry. The digital bank owned by VFD Microfinance Bank offers exceptional solutions that help customers track expenses, budget their finances, make savings, and bank smartly.
With a Vbank account, you’re entitled to zero percent transaction fees until your 51st transaction. Even after the first 50 transactions, the transaction fees you’ll pay will be insignificant compared to what traditional banks charge.
Furthermore, with a Vbank account, you can put your savings to good use in a fixed deposit account where you earn up to 20% in interest per annum.
V by VFD is one of those virtual banks that makes banking fun and versatile. This is evident in their many banking channels, from their mobile app to their debit cards, WhatsApp banking, USSD, etc.
Conclusion
Many digital banks are competing to deliver the best banking experience to their customers. They enable individuals and businesses to open and operate a bank account without visiting a banking hall. They also offer other banking services that traditional banks struggle to provide, such as virtual dollar accounts, gift cards, free transaction maintenance, etc.
Choosing the right digital bank that meets your expectations might be a challenge. However, this article has given you insights into Nigeria’s top digital banking platforms. Hopefully, you’ll make a good choice from the options listed here.
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FINTECH
Fincra Granted Payment System License in Tanzania

Fincra Receives Payment System Provider License from the Bank of Tanzania, Expands Regulatory Footprint in East Africa
Fincra, a leading pan-African payment infrastructure company, has received regulatory approval from the Bank of Tanzania through its 100% controlled local entity to operate as a licensed Payment System Provider, enabling it to deliver secure, scalable, and compliant payment services across Tanzania.

Fincra Granted Payment System License in Tanzania
This approval, granted under the Payment Systems Licensing and Approval Regulations, 2015, authorises Fincra to provide payment services in Tanzania. The license represents a significant milestone in Fincra’s East African expansion strategy and underscores its commitment to working closely with regulators to build trusted financial infrastructure across the continent.
“We are thrilled to receive this license from the Bank of Tanzania. It reflects our long-standing commitment to regulatory integrity and positions us to deliver even more value to businesses in East Africa,” said Wole Ayodele, CEO at Fincra. “This is a key part of our mission to build the rails for an integrated Africa”
The license allows Fincra to offer its suite of payment products and services to businesses operating in Tanzania, including local collections, business payouts, and API-based infrastructure for real-time payments, all while maintaining full compliance with the regulatory framework set by the Bank.
Fincra’s entry into Tanzania is strategically aligned with the country’s growing digital economy and its push for financial inclusion. Businesses in sectors such as fintech, logistics, travel, retail, and remittance will now be able to leverage Fincra’s infrastructure to scale faster, move money more efficiently, and expand across borders.
This development follows Fincra’s earlier regulatory approval in South Africa as a Third Party Payments Provider (TPPP) and cements the company’s position as one of the few African fintechs actively building a multi-market regulatory foundation to support a truly pan-African financial ecosystem.
About Fincra
Fincra is building the trusted financial infrastructure for businesses in Africa to move money locally and globally. Through a suite of APIs and no-code solutions, Fincra enables secure collections, payouts, and settlements across borders, with full regulatory backing in every market it operates.
Create a Fincra account in 3 minutes here.
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FINTECH
Fincra Secures South African TPPP License

Fincra, a leading provider of payment infrastructure for local and cross-border payments in Africa, is proud to announce receipt of another Third Party Payments Provider (TPPP) in South Africa.
Under this license, Fincra is now authorised to process the following types of payments:
- Credit Card
- Debit Card
- EFT (Electronic Funds Transfer) Credit
- Real-Time Clearing (RTC)
- Rapid Payments
The license reinforces Fincra’s ability to facilitate seamless, secure, and compliant financial transactions for businesses operating within and across South Africa.

Fincra Secures South African TPPP License
This development marks a pivotal advancement in Fincra’s mission to build the rails for an integrated Africa by creating the infrastructure to simplify how African businesses pay and get paid globally.
“Securing the TPPP license in South Africa is a significant step toward realising our mission to build the rails for an integrated Africa. It reinforces our commitment to building compliant, reliable infrastructure that powers cross-border trade at scale. We’re excited about the opportunities this opens for businesses across the continent.”
— Ayowole Ayodele, CEO and Co-founder, Fincra.
Fincra’s new capabilities enable businesses across Africa and beyond to integrate directly with South Africa’s core payment systems and banks, offering faster settlement, greater reliability, and compliance with the country’s stringent financial regulations.
IFincra is now better positioned to support a broader range of merchants in industries such as e-commerce, logistics, B2B marketplaces, travel, and more.
“This license strengthens our ability to serve our merchants with faster, more secure, and locally compliant payment options in South Africa. It’s a game-changer for businesses looking to expand or operate in the region, and a strong signal of Fincra’s continued focus on enabling growth for our customers.”
— Emmanuel Babalola, CCGO, Fincra.
For Fincra, this is not just a regulatory achievement, it’s a signal of what’s next for the African payments space.
As Fincra expands across the continent, its growing regulatory footprint and partnerships with Tier-1 banks provide the foundation for scale and innovation.
About Fincra
Fincra is a leading payment infrastructure provider enabling seamless cross-border transactions across Africa.
Fincra empowers businesses, fintechs, and financial institutions to collect payments globally and make payouts locally, all through one powerful API or platform. With Fincra, launching remittance products, automating payroll, and expanding into new African markets becomes effortless. Fincra is building the financial rails that power trade, innovation, and scale across the continent.
Create a free account in 3 minutes at fincra.com
Connect with Fincra on LinkedIn , X(Twitter) Instagram, and Facebook.
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BANKING
Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech
With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.
The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration. Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.
Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”
Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)
MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.
About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.
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