Huge profits may be slowing; it's time to compete or go home
I'm truly curious to see how FilmHouse intends to hack the streaming industry and how well it will do. I mean, IrokoTV doesn't have that much of a base here in Nigeria. Also, I'm not confident that GTCO will do well in the payment space. Could be wrong. A part of me hopes I am. Loved this post, Mosco. Well done. P.S. It's my first month at my new job where I made a huge career move from Business Development to Risk and Compliance.
Loved this and not to nitpick but I don't think we have seen the impact of fintech on bank revenues yet. The revenue declines are mostly interest rate related and Access ha shown they can grow your loan book if they wanted. Fees are up significantly i.e transactions are. Maybe a slow down retail openings can show what a future of fintech eating the bank;s lunches in Nigeria will look like. But we are not even there yet.
Really curious to see how big banks will embrace fintechs and payments. I like the goodnews section we need joy in our lives!!
Subscribed via Twitter link last week and I'll be looking forward to more newsletters. Promising a few invitees too.
I always enjoy reading your newsletters, Chief. Keep 'em coming!