Onafriq shuts down its Nigerian agent banking business after five years

T2Covered by 1 source · first reported by Africa: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn at 16 Oct, 13:45 UTC

Baxi was one of Onafriq's large bets on Nigeria's offline payments economy, built around the idea that a vast network of agents could bring financial services to customers who still relied heavily on cash.

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Sources

• T2Onafriq shuts down its Nigerian agent banking business after five yearsAfrica: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn16 Oct, 13:45