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Card as Physical plastic itself is getting into NFC form on Smartphone so such feature not sure will remain relevant for more time in market.

Does this 51 million customers across 7 countries are inter-operate?

CEO seems to be knowing lot of things as can be read between the lines from this post.

May have been asked to leave due to it.

GCC is full of payments opportunity

1. Retail Payment - Salary to temporary worker is use cases - demand for physical cash reduction need to reduce. Banks and Fintechs are trying address with employers using cards, wallets and even Salary ATM kind of solutions.

2. Agency banking can be solution to address some of these use cases including as menioned for bus drivers. 

3. Mobile based payments seen good traction in countries like Saudi Arabia for SoftPOS.

4. Payment gateway demand seen as E-commerce players are coming up post pandemic. 

RBI's initiative to issue Account aggregation license will help building uses cases around Insurance and lending and many more.

There is increase in offline UPI transaction limits from INR 200 to INR 500.

do you think? Correspondent Banking will loose layers in future with more progress on CBDC, real time payments, cross boarder payments??

Surprise to see Company top management exhibit commitment to compliance and regulations as I have seen most of the developed countries companies always share adveristy in terms of compliance and rules of the land.

Microsoft is slowly doing backdoor entry in par to Whatsapp Pay.

User Authentication and access management is always used double edge sword

one side - customer convenience, frictionless usage, ease of use to less tech savvy customers and more..

Other side - same story as described above 

With Facial authentication becoming common it can be used as second factor to make life easy but again if I put as condition for high value transaction amount then that will go against ease of use.

Thanks Madhavi for putting snapshot of Nigerian Fintech industry and it's future prospect with some of the experts views.

Few inter connected points which might help to further bring more clarity.

1. New Niara Currency notes before election seems clear that, parties will not be able to buy votes using cash.

2. New notes event and shortly launch of AfriGo local card further indicate to promote digital payment but, why so much haressment to citizens who dwell with 'cash is king' due to limited access to the financial services like banks or even micro finance or agency banking as well as crisis of fuel and violence are increasing - this is making the social situation more uncertain and can lead to wrong selection of candidates.

3. Is such situations strengthen candidate like Peter obi's stand more stronger? some kind of favors going on. 

I have helped several Nigeria based fintech startups and they all have shared common issue for Nigerians - access to financial services offline - at their door steps like in Kenya. One of the successful factor for Nigeria to get stronger fintech and digital payment penetration - Govt and CBN promoting ICT, Smart phones and bringing social security to go to the last mile.