ProSocial Fintech in Nigeria

Nigeria’s digital economy and financial technology (fintech) sector are rapidly expanding, with over 217 fintech startups attracting significant international investment and driving financial inclusion through digital wallets, mobile banking, and online payments. This growth offers the Nigerian government opportunities to fashion a fintech sector that goes beyond economic gains and inclusion to bridge societal divides and foster long-term social cohesion – a “prosocial fintech” sector. This brief explores the potential of such prosocial fintech initiatives to strengthen the nation’s social fabric. With supportive policies, incentives, localized efforts, and multi-stakeholder collaboration, Nigeria can pioneer prosocial fintech solutions that build community trust and resilience across diverse groups, thus establishing a strong foundation for long-term economic and social progress.