Coronavirus Pandemic Spawns Nigeria Banking Agent Boom

Mobile money firms across Africa are ramping up plans to bring banking to millions after the pandemic caused a surge in the use of digital financial services. Firms in Nigeria say they have recruited more agents to meet demand.

Solomon Amadi, vice president of Moniepoint, said the company’s banking agents had increased from 8,000 in 2019 to more than 50,000 in February 2021.

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