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PiggyVest Earns Nigerians’ Trust With Rates

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In today’s FinTech news, PiggyVest brings a new type of digital savings and investing to Nigerians, while the underbanked in Pakistan get a new option with NayaPay. France’s Finary is moving to build a private bank and HandCash app is making top-offs easier with two new payment integrations.

PiggyVest Seeks to Boost Consumer Savings and Investment in Nigeria’s ‘Low Trust Environment’

Digital savings and investment platform PiggyVest launched in 2016 with a goal of initially reaching 1,000 users in Nigeria. The startup now has over 4 million users and a growing trust from a country that doesn’t give trust away, PiggyVest told PYMNTS in an interview. Customers have been drawn to the bank’s different model —asset under management — because PiggyVest said the interest rates it offers are higher than any other bank or financial institution.

FinTech NayaPay Lands $13M Seed to Grow Platform for Pakistan’s Underbanked

Over 50 million adults in Pakistan are unbanked and just 33% of women in the country have a bank account. NayaPay sees the chance to change that with…

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