Online Banks or microfinance banks such as the popular Opay, Monie Point, Palmpay, Raven Bank and the rest are banks where about 70% of their banking activities or services are operated online. Whereas, commercial banks like Ecobank, UBA, Polaris Bank, First Bank, Access Bank, and so on run their operations mostly offline and onsite.
I wish to know which one is more beneficial for people to run their businesses with?
Online Banks or Commercial banks: which ones favour businesses more?
(2947 reads) See also ► Increased: Minimum Capital Base Requirement For Banks Now N500 Billion - CBN ► April 1 2024: Nigerian Naira Closes N1,309/$ As Banks Sell $2.5bn
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Jared
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If you're MSME you will enjoy those neobanks like Prospa, Moniepoint, Kuda business and Opay.
Good support and modern experience.
I'm not affiliated to any of them.
Good support and modern experience.
I'm not affiliated to any of them.
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. 💰
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