The Central Bank of Nigeria has recently released the list of 10 digital banks to operate as MFBs and Point of sales(POS) in Nigeria.
According to the report, these banks fall into the fintech ecosystem, serving the same purpose as the traditional banks in Nigeria.
However, the CBN database has showed that about 894 companies has been liscensed as microfinance banks as at February, 2023.
See the 10 Liscensed digital banks:
Piggyvest
Sofri
Mint
VFD
Moniepoint
Fairmoney
Kuda
Carbon
Eyowo
Sparkle
(Legit)