NIIRA: Why Incumbent Insurance Companies will Be Disrupted by New Techs - Tech

NIIRA: Why Incumbent Insurance Companies will Be Disrupted by New Techs - Tech

During the infamous cash crunch of 2023, my unlettered mother, who lives in a village in Ota, Ogun State, was stranded. Before the crisis, we sent money to her through my sister, who lived in her neighbourhood. But when the cash scarcity hit my sister, my mother too couldn’t get cash, even from her petty trade.  A few weeks into the crisis, she called to say that she had opened an Opay account and could now receive funds from us and her customer…