Why Fintech Transactions Outpace Traditional Banking: Unveiling the Truth

The notion that fintech platforms like OPay and Moniepoint offer faster transactions than traditional banks has become commonplace in Nigeria. People often cite ‘instantaneous’ capabilities of fintech as a result of their use of liquidity pools, while traditional banks are accused of lagging due to batch systems. But is this truly the case? A deeper look at the mechanics of money movement reveals a more nuanced picture.