Why Nigerian fintech startups are making changes to their virtual dollar card offerings
As Nigeria’s economy has taken a hit, it has become difficult for Nigerians to access foreign exchange for dollar-denominated transactions. Not even the banks have been spared with many commercial banks revising their monthly transaction limits to $20 in the last year. Such a low transaction limit has driven the ubiquity of virtual dollar cards by services like Payday and Chipper Cash.
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Why Nigerian fintech startups are making changes to their virtual dollar card offerings