The biggest banking issue we have in Naija is network congestion.

[Cryptomultiplier]

 We experience congestion at almost anytime of the day. Before it was going to the bank and waiting in longer queues that was the order of the day, with so much stress concerning any financial transactions involving banks or cashier's teller points or even ATM machine stand, then it was lack of cash in circulation, but as Fintech banks helped to ease the issue by reducing cost, enabling instant transfers for payments of goods and services, almost everyone got an account with them and enjoyed the service until now when we notice congestion almost on a daily basis for all Fintech banks with Moniepoint being number one on the spot for congestion or no network issue, more pending transactions, slower processing time, disappearing transactions history for a Fintech bank like Palmpay, and I think the data consumption is more by these Fintech bank apps, not just Opay-.

I was an unannounced and unpaid ambassador for the Opay Fintech bank, helping people register and saying so much good about it. They were more sceptical at first but experienced much ease and beamed with delight once they got their account registered and could transact instantly without stress.
 These days though, it seems the customers have grown so much so that there is always congestion or upgrades or pending transactions that often is a challenge when it comes to Nigerians' banking system and this was my initial fear as people hammered on it at the beginning but it was a good way out of the financial stress we experienced with using commercial banks.

I wonder what could be a good solution for this network congestion issues in the near future, because definitely some other financial instrument or tool like these Fintech banks may intend to rise to ease this congestion, but what about the network palava, is there no way we could resolve this or work around it, because it is more of an issue than the eyes can behold?

Do you also think that we may soon be nearing a time when we would use Bitcoin processor or exchange wallets instead of Fintech banks or commercial banks for almost all our everyday purchases and expenses, because of the massive congestion we experience on a regular basis from Fintech banks as well as commercial banks?

[Joy- maker]

Yeah I think so, because the level in which bitcoin has be adopted by many countries, companies and individuals has proving  that there maybe be in a nearest time where bitcoin processor or bitcoin exchange wallet we be used instead of Fintech banks or commercial banks for our daily purchase and expenses.
not only because of the massive congestion we are experience from Fintech banks or from commercial banks, it is because Bitcoin has already been seens as the future means of purchase and expenses on our daily basis and not only that.
bitcoin we definitely dominate if not the whole world, but part of the world because I can see that coming gradually.

[Majestic-milf]

Do you also think that we may soon be nearing a time when we would use Bitcoin processor or exchange wallets instead of Fintech banks or commercial banks for almost all our everyday purchases and expenses, because of the massive congestion we experience on a regular basis from Fintech banks as well as commercial banks?

That time go make sense too o because e go cause for more adoption of Bitcoin as people no go fit do without making transactions and the fact say too much congestions for network don dey choke, them go wan look for alternatives but what if these payment processors release important data to person wey suppose get am as their work nah to act as middlemen between merchants and their clients or their fees come eat into the profit you suppose make assuming you dey use them trade or you wey wan use am come find am difficult to integrate am to your business systems? Wetin go be the option then?
 

[Mate2237]

You raised an important issue because the rate at which our network providers are handling the issue of network in the country is something else and is very very bad because a country like Nigeria that is the economic hub of Africa where business is always going but it's sad to see that we as a country is still battling how we can still get a good network especially for our bank transactions because with the Advent of online banking system most people depends on network, I think government has not r ally taken any serious action against any of the various service providers that is why the issue of network keeps occurring

I will agree with you that crypto currency especially Bitcoin will be a good way to solve the problem of network which is an hindrance to the traditional banking system but my concern is that you will still need network to access your crypto wallet before you can do any transaction on your crypto wallet so this issue of network is something that our government should look into and hold these service providers to accountable by giving them fine to pay for bad network services and if it continues the license of some service providers should be suspended

[Amphenomenon]

I wonder what could be a good solution for this network congestion issues in the near future, because definitely some other financial instrument or tool like these Fintech banks may intend to rise to ease this congestion, but what about the network palava, is there no way we could resolve this or work around it, because it is more of an issue than the eyes can behold?

It's up to them to make their system more scalable to be honest and thereby avoiding or reducing all the delay or congestion we do suffer from it.

Do you also think that we may soon be nearing a time when we would use Bitcoin processor or exchange wallets instead of Fintech banks or commercial banks for almost all our everyday purchases and expenses, because of the massive congestion we experience on a regular basis from Fintech banks as well as commercial banks?

I think this is all individual prospect and it means many won't just see Bitcoin as a means for investment but also is other functionality. While governmental regulation will aid this, the biggest thing still stand that many are still skeptical to use it just like they were with those fintech especially since they want something with physical office they can lay complaints to or may be discourage during network congestion. But aside all these we can even start it now, as long as parties involves in a transaction(business) agrees to received bitcoin as a means of payment in Nigeria nothing will stop them, it's just publicizing  it need more for it success.

[Cryptoprincess101]

Do you also think that we may soon be nearing a time when we would use Bitcoin processor or exchange wallets instead of Fintech banks or commercial banks for almost all our everyday purchases and expenses, because of the massive congestion we experience on a regular basis from Fintech banks as well as commercial banks?

NO, we are not nearing that time where we can use bitcoins processors and exchange wallets to initiate transactions yet because it will take a long time before bitcoin can be adopted in the country and the network congestions we are experiencing now is from the network distributors and not about the FINTECH banks operations. Besides, there are many people who are not into bitcoin and other cryptocurrencies so before the awareness will circulate to majority of people will be at a time when the government will come openly about their stance on bitcoin and cryptocurrencies in general because initially now, many people are still hiding about crypto operations in the country due to the feelings that they can get harassed by security operatives when they discover they are into cryptocurrency.

[DaNNy001]

I will agree with you that crypto currency especially Bitcoin will be a good way to solve the problem of network which is an hindrance to the traditional banking system but my concern is that you will still need network to access your crypto wallet before you can do any transaction on your crypto wallet so this issue of network is something that our government should look into and hold these service providers to accountable by giving them fine to pay for bad network services and if it continues the license of some service providers should be suspended

Well I been don dey confuse small about the actual network wey una dey talk sef because ma mind been dey go to the actual service provider like the telecommunications company because that aspect too na total setback and low standard for the country but since it's the actual bank service una dey talk I go let that one slide.

Banks service na something wey don really cause issues for people and so many people don even lose lots of millions cause of this poor bank service providers and if not for all these fintech banks wey come help boost the banking services although many naive people still don't like the opay and palmpay dem due to the mentality say dem go fold but me I prefer these online banks over our commercial banks 100 times.

[Mpamaegbu]

... then it was lack of cash in circulation, but as Fintech banks helped to ease the issue by reducing cost, enabling instant transfers for payments of goods and services, almost everyone got an account with them and enjoyed the service until now when we notice congestion almost on a daily basis for all Fintech banks with Moniepoint being number one on the spot for congestion or no network issue, more pending transactions, slower processing time, disappearing transactions history for a Fintech bank like Palmpay, and I think the data consumption is more by these Fintech bank apps, not just Opay-.

I neva experience that disappearing transactions in my Opay or Palmpay even though I don hear people talk about am for online. In fact, Bybit dey warn people for P2P about Palmpay because of dat. Dat wan sef com make me nor dey leave any cash wey enta my Palmpay from P2P, except na from merchant wey I don get several dealings wit and I trust. Like I talk, I neva experience am but I got to dey careful make e nor enta "Had I known"

Going forward, we nor fit take Fintech banks compare awa traditional banks wey go nearly frustrate customers wen we need anything from them. E go too bam if Bitcoin and cryptos go fit still join the race and become acceptable officially for we contry so we go begin utilize am too without fear of harassment.

[Roseline492]

The disappearing transaction has only happen to me on normal bank app, were I made a transfer to another bank and got debited but the person who was to receive the money did not get and after several messages I sent to the bank via email, they promise to have it resolved till as I'm talking to you now I have not seen it, so I have given up every hope of reversal from them as it has been a long time now. But since I have been using fintech Opay in particular I have not lost any amount or disappearing funds because anytime I got an unsuccessful transactions they always reverse or sometimes I wrote to them and they always attend to customers but as for other ones like Monipoint the congestion is very serious because a lot of their customers are having that complaint even now.

[Africolo]

The disappearing transaction has only happen to me on normal bank app, were I made a transfer to another bank and got debited but the person who was to receive the money did not get and after several messages I sent to the bank via email, they promise to have it resolved till as I'm talking to you now I have not seen it, so I have given up every hope of reversal from them as it has been a long time now. But since I have been using fintech Opay in particular I have not lost any amount or disappearing funds because anytime I got an unsuccessful transactions they always reverse or sometimes I wrote to them and they always attend to customers but as for other ones like Monipoint the congestion is very serious because a lot of their customers are having that complaint even now.

Nothing is working smoothly anymore, there have been some random dump and pumps of projects in the country, some have even been abandoned. When was the last time we did pay for something online without issuing out a complaint or keeping frown faces because of poor network in the country? These banks are not also helping matters, it looks like they did collabo with services carriers in the country, I must confess this is outrageous and not good for the development of the country. Network congestion have been a fluctuating barrier in the country. We keep laying down our complaints online and offline and there's absolutely everything that have scraped out the surface of our very existence.

In everything, I always hope not to get trapped with bank congestion because it's the worse thing that can happen to anyone using banks mobile app. Going to the bank to and fro with be the next moment and trust me, you wouldn't want to exercise patience in the bank because everything is just dormant, nothing will seem to moving. An issue that ought to be corrected under 24hrs, it will become settled in the next 3 days or probably a week.

[Roseline492]

The disappearing transaction has only happen to me on normal bank app, were I made a transfer to another bank and got debited but the person who was to receive the money did not get and after several messages I sent to the bank via email, they promise to have it resolved till as I'm talking to you now I have not seen it, so I have given up every hope of reversal from them as it has been a long time now. But since I have been using fintech Opay in particular I have not lost any amount or disappearing funds because anytime I got an unsuccessful transactions they always reverse or sometimes I wrote to them and they always attend to customers but as for other ones like Monipoint the congestion is very serious because a lot of their customers are having that complaint even now.

Nothing is working smoothly anymore, there have been some random dump and pumps of projects in the country, some have even been abandoned. When was the last time we did pay for something online without issuing out a complaint or keeping frown faces because of poor network in the country? These banks are not also helping matters, it looks like they did collabo with services carriers in the country, I must confess this is outrageous and not good for the development of the country. Network congestion have been a fluctuating barrier in the country. We keep laying down our complaints online and offline and there's absolutely everything that have scraped out the surface of our very existence.

Having all this online banking like Opay to replace traditional bank should have been the best solution, like instead of this few we have in this country more will be created with different names because there is no different from those bank and our traditional one and some of them has improve to generate a debit card in case their customers want a physical cash and they are very reliable, so why don't we adapt to that banking system because those physical bank are always the problem with their network because sometimes sending from physical bank to online is a problem even from the online to the physical is also not available because of our traditional bank unstable networks. In terms of leaving project uncompleted we have saw many buildings that should been a part of revenue source based on what they promised to build on it but now ants has eating up the wood and grass also become the building.

[Futurexxx]

Yeah I think so, because the level in which bitcoin has be adopted by many countries, companies and individuals has proving  that there maybe be in a nearest time where bitcoin processor or bitcoin exchange wallet we be used instead of Fintech banks or commercial banks for our daily purchase and expenses.
not only because of the massive congestion we are experience from Fintech banks or from commercial banks, it is because Bitcoin has already been seens as the future means of purchase and expenses on our daily basis and not only that.
bitcoin we definitely dominate if not the whole world, but part of the world because I can see that coming gradually.

See eh, normally we need our banking system to function properly also, so that things go dy soft and easy when it comes to buying and selling, and doing all sorts of transaction, but our traditional banks na nonsense, even though say it saddens me to say it, but na the actual truth be that, if no be our micro finance banks wey come to the rescue, by now wahala for dy seriously, considering the kind of network wahala wey dy for we country nowadays.
I no see Bitcoin now or in the future stopping people from using our fiat, I believe say both of them get their own importance, but as long as our government never become crypto friendly, e no go dy easy for Bitcoin to flourish for we country, though as times goes by, am just hopeful that our government reconsider their stance on cryptocurrency, but as for now, we wey dy run am, na to use ur brain make government no use you as escape goat if you fall for their hand.

[Jostern]

 We experience congestion at almost anytime of the day. Before it was going to the bank and waiting in longer queues that was the order of the day, with so much stress concerning any financial transactions involving banks or cashier's teller points or even ATM machine stand, then it was lack of cash in circulation, but as Fintech banks helped to ease the issue by reducing cost, enabling instant transfers for payments of goods and services, almost everyone got an account with them and enjoyed the service until now when we notice congestion almost on a daily basis for all Fintech banks with Moniepoint being number one on the spot for congestion or no network issue, more pending transactions, slower processing time, disappearing transactions history for a Fintech bank like Palmpay, and I think the data consumption is more by these Fintech bank apps, not just Opay-.

I was an unannounced and unpaid ambassador for the Opay Fintech bank, helping people register and saying so much good about it. They were more sceptical at first but experienced much ease and beamed with delight once they got their account registered and could transact instantly without stress.
 These days though, it seems the customers have grown so much so that there is always congestion or upgrades or pending transactions that often is a challenge when it comes to Nigerians' banking system and this was my initial fear as people hammered on it at the beginning but it was a good way out of the financial stress we experienced with using commercial banks.

I wonder what could be a good solution for this network congestion issues in the near future, because definitely some other financial instrument or tool like these Fintech banks may intend to rise to ease this congestion, but what about the network palava, is there no way we could resolve this or work around it, because it is more of an issue than the eyes can behold?

Do you also think that we may soon be nearing a time when we would use Bitcoin processor or exchange wallets instead of Fintech banks or commercial banks for almost all our everyday purchases and expenses, because of the massive congestion we experience on a regular basis from Fintech banks as well as commercial banks?

It will be a welcome development where Bitcoin would be used as a means of transaction and exchange, the banking sectors are filled with so much banking problems like network errors and failed transaction and so on, the commercial banks was so much congested when you go into the bank sometimes you get frustrated, and it take weeks before you can be able to solve some of this challenges and will have to be going to the bank all the time, it was a very challenging time, the mobile banking application and the Fintech banks also came in to try and ease some of this challenges, but Network will always be a big challenge in our Banking system.

Nothing seems to be working smoothly in our banking system anymore, Adopting Bitcoin as a means of traction and exchange would be a welcome development and it will definitely ease the stress of going to the banks always.

[Ever-young]

I wonder what could be a good solution for this network congestion issues in the near future, because definitely some other financial instrument or tool like these Fintech banks may intend to rise to ease this congestion, but what about the network palava, is there no way we could resolve this or work around it, because it is more of an issue than the eyes can behold?

It's up to them to make their system more scalable to be honest and thereby avoiding or reducing all the delay or congestion we do suffer from it.

Do you also think that we may soon be nearing a time when we would use Bitcoin processor or exchange wallets instead of Fintech banks or commercial banks for almost all our everyday purchases and expenses, because of the massive congestion we experience on a regular basis from Fintech banks as well as commercial banks?

I think this is all individual prospect and it means many won't just see Bitcoin as a means for investment but also is other functionality. While governmental regulation will aid this, the biggest thing still stand that many are still skeptical to use it just like they were with those fintech especially since they want something with physical office they can lay complaints to or may be discourage during network congestion. But aside all these we can even start it now, as long as parties involves in a transaction(business) agrees to received bitcoin as a means of payment in Nigeria nothing will stop them, it's just publicizing  it need more for it success.

On point, no matter how the network bad reach due to congestion, many people no go still reason bitcoin, as some people think say na scam while some fit Dey see am as waste of time because say no be all they use android phone and the government them no fit buy the matter self instead them go find another alternative for people to dey transact, make them for also dey get their profits.
E go only good for people wey already know about am but say na for everyone, that kind thing no fit work and for this country, people dey know how to scale through, also in this world, no be everybody go get money or become wealthy.

[odunybiz]

 We experience congestion at almost anytime of the day. Before it was going to the bank and waiting in longer queues that was the order of the day, with so much stress concerning any financial transactions involving banks or cashier's teller points or even ATM machine stand, then it was lack of cash in circulation, but as Fintech banks helped to ease the issue by reducing cost, enabling instant transfers for payments of goods and services, almost everyone got an account with them and enjoyed the service until now when we notice congestion almost on a daily basis for all Fintech banks with Moniepoint being number one on the spot for congestion or no network issue, more pending transactions, slower processing time, disappearing transactions history for a Fintech bank like Palmpay, and I think the data consumption is more by these Fintech bank apps, not just Opay-.

Network is often a general problem in Nigeria. Not even in the banking section alone but in the crypto space as well. I've you ever experience delay in spot trading when trading a newly lunch token? Then you will know how network can be so frustrating. You should expect this since almost everyone this days now run on one or two of this Fintech bank. I think they themselves should work on their apps and network since its not a general network problem. They should work on how their apps can enable more large traffic.

Do you also think that we may soon be nearing a time when we would use Bitcoin processor or exchange wallets instead of Fintech banks or commercial banks for almost all our everyday purchases and expenses, because of the massive congestion we experience on a regular basis from Fintech banks as well as commercial banks?

We need our Government to fully accept crypto, this will promote and help in making this becoming reality.  It will be a very good idea for huge business transactions.

[Juicyhome]

Is there any sector in Nigeria that's working? The banking system that hasn't get their normal banking network work well is also into point of sale (pos).  And their pos network is the worst, I will never allow any serious business person to use bank pos for his business. It will ruin your business because of poor network. In Nigeria today no pos business person is using bank pos machine because you will end up having issue with your customers. NIgeria banks Ceo are now going after Opay and monipoint because their have refuce physical bank transactions. Some banks don't accept opay and other micro finance banks. And these micro finance bank is better than normal bank, ranging from network and fast transactions.

[Marykeller]

As a Nigerian. Em don become normal palava you go d see, concerning network palava. I know how many times I have been disappointed by this, running a bank transaction that couldn't go through. Wetin we go do about am, is it not complain, and it ends there. Wetin d as  problem still d dia, the repeat itself.

You know wetin understand about all this be sae our country government and its citizens d take bullshits presented to them. There are countries that this bank issues can't happen in their country, without being chased out or being sanctioned for it, for disappointing their citizenry when they needed their services the most. For here, nothing of such is happening. Our government no care as far as the bank they remit to them. We of course as citizens d like save our money for bank.

However, I think sae if by right our government d ginger this bank people of their terrible network palava, I think sae this network issues for be a thing of the past

[Cryptomultiplier]

As a Nigerian. Em don become normal palava you go d see, concerning network palava. I know how many times I have been disappointed by this, running a bank transaction that couldn't go through. Wetin we go do about am, is it not complain, and it ends there. Wetin d as  problem still d dia, the repeat itself.

You know wetin understand about all this be sae our country government and its citizens d take bullshits presented to them. There are countries that this bank issues can't happen in their country, without being chased out or being sanctioned for it, for disappointing their citizenry when they needed their services the most. For here, nothing of such is happening. Our government no care as far as the bank they remit to them. We of course as citizens d like save our money for bank.

However, I think sae if by right our government d ginger this bank people of their terrible network palava, I think sae this network issues for be a thing of the past

Right now in the country sef, I think a Fintech bank like OPAY has more credibility that many commercial Fiat banks we do patronize. All reasons point to the fact of having a system that is more steady even during network disruption and congestion.
Even during network delivery services that demand USSD application, Fintech banks have surely done well as compared to the regular commercial banks.

Could it be that these Fintech banks invest more in securing a better network access or they use more network data for their coverage and service, hence why they are better during these network congestion periods?