However, with the EMTL now extending to these platforms, the era of free or low-cost banking services is effectively over. This move could erode the trust and reliance Nigerians have placed in fintech companies.
Kuda, a Nigerian neobank, has made significant strides in easing payment processes for small and medium-sized enterprises (SMEs) and freelancers with the launch of its new point-of-sale (POS) products through the Kuda Business platform.