Nigeria Fintech Regulators Likely To Deepen QR/Instant Transfer Support

Nigeria's fintech regulators are expected to strengthen support for interoperable QR and instant funds transfers at merchant points of acceptance in 2026. A key incentive for retailers will be lower transaction fees as instant transfer usage grows by over 30% year-on-year. Consumers are increasingly shifting to account-to-account payments, threatening card-based transactions within merchant solutions. Regulatory changes could rebalance incentives, encouraging a more diversified payment mix to mitigate ecosystem risks from overreliance on a single rail. Emmanuel Ojo, CEO of Redtech Limited, leads strategic expansion into fintech with 20+ years experience across telecommunications, financial services, and investments. He previously led Chamsswich through growth, expanding product portfolios and upgrading technology infrastructure.

SOURCE: https://techcabal.com/2026/02/06/emmanuel-ojo-predictions/