Telecom
TECNO is Back with PHANTOM V Fold2 5G – An AI-enhanced Large-Screen Powerhouse of Productivity and Creativity

Innovative technology brand TECNO today unveiled the new PHANTOM V Fold2 5G – an AI-enhanced second-generation foldable smartphone that brings more efficiency for business professionals and creatives. Embracing the incredible possibilities of large-screen foldable devices, it is a powerhouse of productivity and creativity elevated by futuristic AI innovation.
PHANTOM V Fold2 5G is freshly equipped with TECNO’s brand-new TECNO AI suite of AI functions, including the upgraded Gemini-integrated Ella AI Assistant, AI Artboard, AI Wallpaper and more.
It also features advanced hardware, with 6.42” outer and 7.85” main 120Hz LTPO screens with 30-120° hovering capability, a powerful 5750mAh Aircell battery, 70W charging, and an Ultra-Clear Five Camera Imaging System, while it also supports the new PHANTOM V Pen stylus.
“We’re thrilled to be unveiling the new and upgraded PHANTOM V Fold2 5G, following the success of its award-winning predecessor,” said Jack Guo, General Manager of TECNO.
“Though our ‘Stop At Nothing’ attitude to innovation, we are excited to bring our global users both futuristic AI software and advanced hardware in one outstanding device, creating an exceptional large-screen experience with the power to elevate lifestyles.”
New TECNO AI Suite Boosts Creativity and Productivity
TECNO AI featured on PHANTOM V Fold2 5G significantly boosts productivity and creativity of the user’s mobile experience. Designed to enhance business efficiency, unlock creative empowerment and elevate everyday ease, TECNO AI unleashes the potential of AI to level up the relationship between users and their smart devices.
Whether preparing for a presentation, leading a team meeting, or just navigating daily life, TECNO AI’s Gemini-integrated Ella AI Assistant is always on hand to help.
Ella offers online search capabilities and Smart Q&A to give intelligent answers based on real-time information, responding to questions fluently.
What’s more, users can count on Ella to optimize more than 400 system functions, from setting wallpapers to switching the system language.
PHANTOM V Fold2 5G also features AI Summary that can quickly summarize information in PDFs and webpages, AI Translation to conduct real-time translation in person or over the phone, and AI Writing functions, such as text summary, text generation, proofreading and rewriting capabilities, saving users valuable time.
AI Artboard and AI Wallpaper combine the limitless human imagination with the power of AI for mind-blowing results. With AI Artboard, anyone can create an artistic masterpiece, as AI turns users’ simple scribbled sketches into incredible works of art, while AI Wallpaper lets users create their unique wallpapers from a simple text description.
PHANTOM V Fold2 5G also uses AI to enhance the imaging experience. TECNO’s Universal Tone Technology uses AI to capture diverse skin tones more accurately, and AIGC Portrait generates amazing portrait shots with different themes and templates. As for editing, Magic AI Eraser lets users easily extract subjects and perform high-quality edits, simplifying photo editing and social media sharing, while One Click Cutout automatically recognizes and extracts subjects with a long press, enabling quick and effortless image sharing.
Immersive Dual Screen and Aerospace-grade Hinges Create Folding Perfection
PHANTOM V Fold2 5G features a classic 120Hz 6.42” outer screen that unfolds into an exceptional 120Hz 7.85” main screen. The AMOLED FHD+ 3D micro-curved outer screen is perfectly proportioned for one-handed use. A 21:9 aspect ratio elevates viewing pleasure while up to 1500Hz instantaneous touch sampling ensures supreme reactivity and 2160Hz high-frequency PWM dimming reduces eye fatigue.
Unfold the device to discover immersive entertainment, convenient work and intelligent everyday solutions across a stunning tablet-like display. The large 2K+ resolution AMOLED screen supports one- and two-finger 360Hz touch sampling making high-frequency touch scenarios such as gaming smoother and more enjoyable.
Thanks to aerospace-grade precision hinges that allow a tighter fold with less screen disfiguration, PHANTOM V Fold2 5G’s main screen crease measures less than 0.1mm.
The hinges allow precise hovering with an angle range of 30-120°, are 19% lighter than on the previous generation, and they allow 400,000 worry-free folds, with 100,000 extreme high-temperature folds and 50,000 extreme low temperature folds.
Foldable Experience Brings Functionality, Convenience and Fun
PHANTOM V Fold2 5G’s folding screen experience is enhanced by FreeForm, which allows users to make the most of the folding design. Hovering the device at any angle from 30-120° allows users to enjoy hands-free free video calls, streaming, music playback, and more.
FreeForm supports a wide range of apps, allowing seamless transitions between large-screen and single-screen experiences, including system applications like Camera and Visha Player, as well as popular third-party apps such as YouTube, WhatsApp, Netflix, Disney+, Zoom, Google Meet, and Messenger.
Furthering improving functionality, the Desktop Global Dock Bar brings tablet-like convenience, helping users to easily navigate between apps or drag and drop to enter split-screen mode, while the desktop layout has been adapted for greater ease of use.
As well as standard full-screen, 16:9 and 4:3 ratios, PHANTOM V Fold2 5G provides a completely flexible aspect ratio, giving users the freedom to adjust the ratio as needed for maximum viewing enjoyment.
Finally, the device supports single- and dual-app split screen displays, in both top/bottom and left/right layout, making multitasking easy – whether taking notes on a working document or video, sharing messages between different social apps, or ordering a takeout without closing your gaming session.
Powerful Battery and Ultra Charge
PHANTOM V Fold2 5G is equipped with the largest capacity and one of the fastest charging batteries in its category. Ensuring longer usage time, the device’s 5750mAh Aircell battery supports TikTok viewing for up to 9.22 hours and Facebook scrolling for up to 19.03 hours.
Dual-channel fast charging technology incorporates two sets of charging management circuits that provide mutual backup, enhancing safety and stability. This means that even if one circuit encounters an issue, the other can continue to function, ensuring reliable and secure charging.
Ensuring shorter waiting times, the device features 70W Ultra Charge, allowing 50% charge in less than 20 minutes and 100% in 50 minutes. The advanced charging technology also allows 15W Fast Wireless Charge, eliminating the need for a cable to increase convenience and safety.
The New PHANTOM V Pen Levels Up the Large Screen
Users can purchase TECNO’s all-new stylus, the PHANTOM V Pen. This accessory significantly boosts the PHANTOM V Fold2 5G’s performance, turning it into a productivity powerhouse. The 10g pen allows users to seamlessly handle daily tasks and creative work without the need for an additional tablet or computer. It has two buttons – an AI key for quick access to the device’s AI functions and a function key for tasks such as page-turning, music control, and photo capture.
With the pen, users can easily perform actions such as easy Screenshot Annotation, precise Free Screenshots, quick Handwriting Calculation for scribbled-down sums, Global Cutout to cut out content from anywhere, Rapid Swipe to connect the pen with TECNO devices, Global Pen Writing that recognizes handwriting instantly, and Remote Operation with the pen’s buttons to control presentations, music, and more.
The pen has an 80mAh battery enabling up to 2 hours of daily use for 14 consecutive days while a 16x super-resolution algorithm and 0.0625-pixel accuracy provide ultra-precise movements.
Ultra-Clear Five Camera Imaging System Captures New Perspectives
PHANTOM V Fold2 5G delivers a flagship imaging experience with an Ultra-Clear Five Camera Imaging System, including three 50MP cameras.
The 50MP Main Camera features a flagship-level large 1/1.3” sensor and 1.2µm pixels, producing image quality comparable to many premium candy bar smartphones and enhancing low-light performance for crystal clear nighttime shots. It is capable of 4K/HDR Ultra Clear video at 30/60fps and OIS Super Anti-Shake Video for stable and vibrant videos. The 50MP Portrait Camera produces high-quality portrait photography with 2x optical zoom and 20x digital zoom, using a golden focal length for professional close-ups and complemented by TECNO’s inclusive Universal Tone technology. The 50MP Ultra-Wide Camera shoots epic wide-angle shots that maintain image quality even when zoomed in, while two front-facing 32MP Front Cameras (on the outer and main screens) boast the highest pixel count in any foldable smartphone for detailed selfies and video calls.
As a foldable device, PHANTOM V Fold2 5G opens up a world of exciting shooting possibilities with its FreeCam System. From high-quality FreeCam Video capturing magical moments to hands-free FreeCam Selfies shot using voice or gesture commands, users just need to unfold the device with its 30-120° hover range to discover exciting perspectives. FreeCam Timelapse and FreeCam Long Exposure add even more options, making incredible shots possible without a tripod.
With an outer and main screen, users can also enjoy better ways to capture the shots they want. When shooting with the main camera, for example, users can fully unfold the device for a Cover Screen Preview, letting the subject see how they look in the shot. For super detailed selfies, Ultra Selfie lets users shoot using the 50MP Main Camera while previewing the shot on the outer screen. With Real-Time Preview, users can see how they look in real-time while shooting with the main screen’s front camera.
Nature-inspired Product Design Embodies Sophistication and Elegance
Infused with elements inspired by nature, the PHANTOM V Fold2 5G’s is available in two beautiful colours, Karst Green and Rippling Blue. The phone’s back cover is crafted from marble-patterned fibreglass and pleated leather textures, giving it a distinctively luxurious look and feel.
The Rippling Blue edition was designed in partnership with premium German television and audio brand LOEWE. The partnership extends beyond the devices themselves to the packaging. The phone’s eco-friendly box is made from plant fibres and recycled materials, underscoring a shared commitment to delivering high-quality products with sophisticated and sustainable designs.
Overall, TECNO’s new PHANTOM V Fold2 5G unites the power of AI and the benefits of large-screen foldable devices to deliver a powerful boost to productivity and creativity. From enhancing efficiency at work to unleashing creative possibilities, the PHANTOM V Fold2 5G is set to revolutionize the foldable smartphone experience and elevate the lifestyles of modern global users.
For more information, follow TECNO’s social media channels on Facebook, Instagram, and X.
Telecom
Digital Transformation Remains Africa’s Gateway to Economic Advancement – Adumike

Obinna Adumike is a seasoned technology leader with a proven track record in driving digital transformation across Africa. As Head of Converged Digital Infrastructure for Africa at Open Access Data Centre, he is spearheading the development of critical digital infrastructure to support the region’s growing connectivity needs. He spoke on what digital transformation holds for Africa’s economic growth.
Could you explain what the digital transformation of Africa is about. What are the prospects and the challenges?
Thank you for the opportunity to discuss Africa’s digital transformation journey. Over the past decade, the continent has made remarkable strides in adopting and leveraging digital technologies, positioning itself as a hub for innovation and growth.
The past few years have seen the advancement of FinTech, as well as a massive growth in e-commerce, e-health, Agric-tech and EdTech. Jobs and businesses are being created and are thriving around various social media platforms. Such developments are creating positive impact and supporting a transforming Africa.
All of this is possible due to major advancements in digital infrastructure including significant investment in high-capacity subsea and terrestrial cable systems to carry Africa’s ever-expanding data nationally and internationally, data centres that support business ecosystems and drive local interconnectivity, broadband rollout and mobile communication deployment enabling businesses and consumers to connect, and so on.
One example of transformation is the massive growth in internet penetration on the continent from a modest 16% in 2013 to about 45% by 2024. You can see tremendous growth in countries like Morocco, Libya, Seychelles, Botswana, Mauritius and South Africa, all with internet penetration rates between 70% to 90%. Also countries like Kenya, Nigeria, Ghana, Senegal, Cape Verde and Djibouti are in the range of 40% to 69%, all of which are comparable to global averages.
Whilst these are great improvements, a lot still remains to be done to consolidate the gains and drive further growth. Many remote regions continue to lack basic IT infrastructure like fibre-optic cable systems and access to reliable power, which ultimately are basics for innovation. Security is another major challenge that needs to be addressed, and regulators have a responsibility to provide a level digital playing field that protects IT infrastructure companies and assets.
Where is digital transformation or digital dynamics in Africa going from here, what does the future portend?
The future of digital transformation in Africa is incredibly promising, with key trends indicating accelerated growth, deeper integration of technology across sectors and greater economic impact. Internet access will continue to grow; supported by the establishment of new initiatives by internet service providers (ISPs) in extending existing broadband access.
Domestic and international cloud and content providers and distributors will continue to establish more points of presence on the continent, extending their reach and improving user experience for consumers.
These will by extension drive the need for more data centre capacity – to support hyperscale expansion, growing business demand for colocation and value-added service, and Government initiatives concerning data sovereignty and repatriation.
It is estimated that data centre revenue in Africa will continue to increase at an annual compound growth rate of 7.35% between 2025 and 2029. Africa needs about 750MW of DC power from its current installed 250MW capacity to optimally support its workload and digital economy. Seeing the advancement in artificial intelligence (AI) and the inflow of global content and cloud providers also supports this argument.
AI adoption in Africa will increase rapidly, with services and processes built around AI hosted in Africa. If African governments can guarantee protection for investments and a stable economy, I see Africa becoming the new hub for AI, especially as Europe’s power sector is already strained.
This has the potential to revolutionise sectors like agriculture, finance and healthcare, enhancing productivity and decision-making. Also, a new age of AI-powered chatbots and automation will drive efficiency, especially in customer service and government services.
Fintech & Digital Payments Expansion: Mobile money transactions in Africa exceeded $1 trillion in 2022, and this number will keep rising as financial inclusion deepens.
The demand for digital skills training will grow, leading to more investments in EdTech platforms and online learning. Remote working models will increase, fostering a more globalised workforce with a vast number of Africans contributing to the global workforce from the comfort of Africa.
I firmly anticipate the next decade seeing Africa emerge as a global digital powerhouse, with innovations shaping the global tech landscape. To make this happen, governments, private sector players and investors must collaborate to ensure sustainable, inclusive digital growth.
WIOCC as the digital backbone of Africa, what does that means and the impact of WIOCC on Africa’s digital transformation?
You’re right; at WIOCC we take great pride in being the digital backbone of Africa, a role that goes beyond providing reliable, high-capacity metro, national and international connectivity to include building and operating open-access data centres, enabling cloud connectivity and providing the human resources to deliver infrastructure, innovation and impact.
Our wholesale digital infrastructure supports the creation and operation of seamless, high-capacity digital services that drive Africa’s digital transformation, ensuring that businesses, governments and individuals have access to the digital tools and capabilities needed to thrive in an increasing digital world. Being Africa’s digital backbone means WIOCC is the hub of the continent’s connectivity, data centre and cloud ecosystem.
Strategic investment in the subsea cables connecting Africa to the world, and the world to Africa, is critical to our role in the industry. WIOCC is a key partner in major subsea cables such as Equiano, 2Africa and EASSy, ensuring continuity of Africa’s global connectivity.
For instance, during the unprecedented submarine cable cuts of the coast of west Africa in March 2024, WIOCC’s network – together with Open Access Data Centres (OADC) Lagos – the landing station for the Equiano cable system – played a critical role in supporting the region’s digital economy. Our infrastructure delivered stability of international connectivity, even throughout the restoration process.
Open Access Data Centres is another member of WIOCC Group, dedicated to constructing and operating open-access, Tier-III data centres that are becoming critical for hosting critical IT workloads, delivering cloud connectivity and content delivery, and underpinning enterprise digital transformation, enabling businesses to scale without reliance on offshore data hosting.
OADC is at the forefront of cloud adoption in Africa, providing low-latency, high-speed interconnection with global cloud platforms via our recently launched OAfabric. Our network of smaller, edge data centres ensure data is processed closer to the user, improving efficiency and supporting applications like Internet of Things (IoT) and AI.
Finally, WIOCC’s Open Access Metro services has – in a single year – deployed wholesale broadband connectivity to over 5 million homes in partnership with local ISPs in Lagos, Nigeria. This is a project that directly impacts people and businesses for the better.
WIOCC Group companies deliver wholesale infrastructure solutions that form the foundation for ISPs, cloud operators, mobile network operators, financial enterprises, oil and gas companies, small/medium enterprises (SMEs) and indeed everyone to deliver world-class digital services that have direct positive impact on the continent. Our infrastructure supports mobile money platforms and digital banking solutions, ensuring seamless transactions across borders and facilitating financial inclusion for millions.
With low-latency, high-speed connectivity, startups, SMEs and large enterprises can leverage digital tools, cloud services and AI to scale their operations. WIOCC’s ecosystem is also enabling Africa’s growing tech hubs and innovation centres.
WIOCC infrastructure underpins streaming services, social media and content platforms, ensuring users across Africa enjoy high-performance entertainment services and content consumption. Our robust digital infrastructure is a key enabler for Smart City initiatives, IoT applications and AI-driven solutions, ensuring Africa is ready for the next phase of technological advancement.
As the head of the converged Digital Infrastructures for Open Data Access Data Centres–what does your job entails and has Africa developed enough skill set in such a specialized area?
As the Head of Converged Digital Infrastructure at OADC, my primary responsibility is to analyse, optimise and manage digital infrastructure assets, ensuring they are seamlessly integrated into an ecosystem that drives growth and innovation. This involves overseeing our data centre interconnect, cloud and connectivity infrastructure to deliver maximum value to our clients.
A major aspect of my role is promoting collaboration with Internet Exchange Points (IXPs), content providers, Content Delivery Networks (CDNs), ISPs and enterprises to ensure seamless alignment and cross-service delivery leveraging our data centre services, connectivity, internet peering and other offerings. I also oversee our recently launched OAfabric: a platform that consolidates our interconnect and data centre ecosystem. OAfabric is designed with some key features:
- Cloud Interconnect services – offering cloud on-ramp service to cloud users; the platform hosts major global cloud providers and domestic cloud providers around Africa.
- Multi IX Access Point is another service offered through OAfabric; this is in line with our goal of supporting defragmentation of the internet. By enabling IXP centralisation, networks and users can access multiple IXPs from a single location and platform.
- OAfabric Peering – in locations without a functional IXP, this service ensures that content is localised, and we are able to deliver much-needed content in such locations thereby bridging the digital divide and fostering inclusivity.
Converged Digital Infrastructure involves integrating components like connectivity, data centres, peering, and interconnection–in all these, is investment a key factor?
Yes, investment is a critical factor in building and sustaining converged digital infrastructure in Africa, just as every business requires investment. The integration of connectivity, data centres, peering and interconnection requires substantial capital expenditure (CAPEX) and long-term financial commitment.
Without significant investment, Africa risks falling behind in the global digital economy. Investment is key to expanding fibre-optic connectivity, scaling data centre infrastructure, strengthening peering and interconnection, and enabling cloud and edge computing. Investment is not just a key factor in the lifeline of Africa’s converged digital infrastructure.
Without sustained capital injections from governments, private investors and development partners, Africa will struggle to meet its digital transformation goals. However, with the right level of strategic investment and regulatory support, Africa’s digital infrastructure will continue to thrive, driving economic growth and innovation across the continent. This is why at WIOCC Group our strategy is based on continuous and strategic investment in Africa.
How have investments improved or impaired your activities and has working in WIOCC/OADC helped?
Investment has been a crucial factor in shaping our work at WIOCC and OADC, significantly influencing the opportunity to build Africa’s leading digital infrastructure business. On the positive side, our strategic investments in terrestrial fibre networks, subsea cables and data centres have accelerated digital transformation across the continent.
The expansion of our terrestrial fibre network and strategic participation in major subsea cable systems have strengthened connectivity, allowing us to deliver reliable, high-speed, low-latency solutions that power businesses.
Similarly, investments in OADC – as seen with the involvement of International Finance Corporation (IFC) and leading African-focussed investment firm African Capital Alliance (ACA) – have facilitated the growth of our facilities and critical services, enabling us to expand, extend and offer more services to our clients.
The high capital expenditure required for digital infrastructure development means that projects typically face funding bottlenecks, regulatory delays and power supply constraints, particularly in regions where stable electricity is not guaranteed.
WIOCC and OADC have navigated these hurdles themselves, enabling them to offer clients a strong platform to navigate these complexities, offering access to extensive infrastructure, technical expertise, and strategic partnerships.
Working in such an environment has enabled me and my colleagues to drive digital transformation by ensuring that Africa’s connectivity and data centre ecosystems remain robust, scalable and futureproof.
In most parts of Africa, there is still a lack of access to digital infrastructures, how serious is this?
The lack of access to digital infrastructure in many parts of Africa is a major challenge that directly impacts economic growth, education, healthcare and overall digital inclusion.
While major cities and business hubs are experiencing rapid digital transformation, as seen in Lagos, Abuja, Accra, Nairobi, Cape Town and so on, vast parts of the continent – particularly rural and underserved areas – continue to have minimal access to high-speed internet, reliable data centres and cloud services.
Even in connected regions, issues such as low broadband speeds, high data costs, frequent fibre-optic cable cuts and inadequate infrastructure hinder effective digital participation.
The deployment of fibre-optic networks is typically concentrated in urban centres, leaving rural communities reliant on mobile networks. Additionally, many African countries still lack the high-quality data centres needed to host IT infrastructure efficiently.
Africa is still extremely dependent on international content – even when content is developed in Africa, it is often stored offshore before being returned to the eventual consumers in Africa, leading to high latency and bandwidth cost. This is because many content providers host their content in just a few major African cities, or it is somewhere “in the cloud”.
This lack of a fully comprehensive, pan-African digital infrastructure has serious economic implications. Businesses struggle with unreliable connectivity, making it difficult to compete in a global digital economy. Financial inclusion is also affected, as millions remain excluded from mobile banking and digital payment systems due to poor connectivity. The education sector suffers as well, with students in remote areas unable to access online learning resources.
Closing this gap requires substantial investment, not just from private sector players but also through public-private partnerships and government-led initiatives. Large-scale fibre rollouts, improved mobile broadband penetration and the expansion of edge and hyperscale data centres are all critical to ensuring that Africa’s digital transformation is inclusive and sustainable. Without such initiatives continuing, the digital divide will continue to widen, limiting the continent’s ability to fully leverage the opportunities presented by the digital economy.
WIOCC Converged Digital Infrastructure–CODI focuses on connecting open access subsea and terrestrial networks to digital hubs, promoting wider digital access across Africa–walk us through this and its strategic importance and relevance?
Converged Open-access Digital Infrastructure (CODI) articulates WIOCC Group’s proposition to Africa’s wholesale marketplace. CODI integrates open-access subsea and terrestrial networks with interconnection hubs, open-access core and edge data centres and a managed services “wrap” to enhance digital connectivity across the continent.
By combining carrier-neutral data centres with high-capacity, resilient networks, CODI is creating an open-access wholesale platform. that enables our clients of all sizes – from major content providers and cloud operators to telcos and ISPs – to contribute to the digitisation of the continent by bringing to market improved service offerings and expanding their operations across the continent with scaleably and flexibly.
The strategic importance of CODI lies in its ability to underpin the development and growth of vibrant, interconnected digital ecosystems, giving our clients the freedom to select infrastructure solutions that best meet their specific needs.
In many cases, this reduces operational complexities and optimises costs by shifting expenditures from capital to operational and responsibilities from in-house to outsourced, supporting rapid scalability.
CODI is also instrumental in bringing cloud services closer to the point of consumption in Africa, enhancing user experience through reduced latency. Access to our local expertise and support further helps regional and global clients maximise of pan-African opportunities.
Converging open-access digital infrastructure enables a radical transformation of digitalisation across the continent, attracting international investment as global clients engage with the continent’s rapidly developing markets. This infrastructure facilitates the deployment of transformative products, services and technologies across African markets, offering enormous benefits for all, including Africa’s SMEs and tech start-ups.
Telecom
PAFON 2.0: Experts Discuss Pathways to Boost Financial Inclusion in Nigeria

Improved efforts at collaboration among financial service providers, telecommunication operators, and tech Startups, with conscious effort geared at consumer awareness, have been proffered as key remedies to the challenge of financial inclusion in the country.

L-r: Chika Nwosu, managing director of PalmPay; Oluwabunmi Ogunyemi, customer support lead at Moniepoint MFB; Munachi Duru, Head of Innovation and partnership at AfriGoPay Financial Services Limited; Mrs. Uche Uzoebo, MD/CEO, Shared Agent Network Expansion Facilities Limited (SANEF) Limited; Happiness Ohioha, CEO, Tizel Cybersecurity; Ibirogba Oluwagunwa, chairman, Lagos State Chapter of the Association of Mobile Money & Bank Agents in Nigeria (AMMBAN); Chike Onwuegbuchi and Peter Oluka, co-conveners, Payments Forum Nigeria (PAFON), at PAFON 2.0 held in Lagos, recently.
This is the viewpoint of stakeholders that gathered for the second edition of Payment Forum Nigeria (PAFON 2.0) held recently in Lagos.
Delivering a keynote address on the theme, “Bridging the Customer Experience Gap for Financial Inclusion Using AI”, Ebehijie Momoh (Mrs.), the managing director and chief executive officer of AfriGoPay Financial Services Limited, said that with 64% of Nigerian adults being financial included the country has made immense progress in that regards.
She said that between 2012 till date, the country has recorded robust regulatory reforms, especially the launch of the Bank Verification Number (BVN) in 2014 making it easier to identify and track customers across different banks.
“This initiative enhanced the credibility of the financial sector and increased confidence in formal banking systems.
The growth in adoption of smartphones has also helped the financial sector to leapfrog financial inclusion. Nigeria has 142.16 mobile internet subscriptions with an average consumption of ~7.04GB / month as of January 2025. If you juxtapose it to the 15.9% decline in shipments of feature phones to 18.8 million units in Africa as at Q1 2024, you will understand that the uptake in smartphones has helped us a great deal.
Mrs. Momoh who spoke through Mr. Munachi Duru, the head of Innovation and Strategic Partnership at AfriGoPay, said the adoption of artificial intelligence banking gave birth to solutions like smile identity, a leading KYC verification provider launches facial recognition capabilities in Nigeria as neobanks and commercial banks are deploying AI-based KYC verification tools, enabling cheaper and efficient customer acquisition and servicing.
In her goodwill message, Mrs. Uche Uzoebo, MD/CEO, Shared Agent Network Expansion Facilities Limited (SANEF) Limited said that with progress made in accelerating financial inclusion to unbanked and underbanked communities in Nigeria, SANEF has leveraged Artificial Intelligence (AI) as the next step to advancement in financial services in the country.
She noted that as technology evolves rapidly within the financial ecosystem, Financial Inclusion must continue to be at the center of the nation’s progress.
According to her, agent banking has been a game-changer in expanding financial inclusion across Nigeria. “By deploying agents in underserved areas, we have brought financial services and banking products such as account opening, cash in, cash out, bill payment, transfers and other services closer to the unbanked and underserved.”
Speaking during a panel session, Mr. Ibirogba Oluwagunwa, chairman, Lagos State Chapter of the Association of Mobile Money & Bank Agents in Nigeria (AMMBAN), spoke of lack of collaboration and slow institutional drive towards AI as key barriers hindering digital inclusion.
He harped on the need for information sharing among fintech operators, and improved free flow of information to consumers. “The human barrier angle needs to be addressed. Fintechs need to be pushed to move forward, AI cannot operate itself.”
In his contribution, Mr. Chika Nwosu, managing director of PalmPay, reiterated the need to reach the consumers with simple format communication and education style.
He said operators should create awareness and design consumer–centric approach in developing any products. This will not only draw the consumers towards the product, but also generate trust and ease the use of such products.
Focusing on the use of AI to ensure reach, inclusion and security, Azure Application and AI Specialist at Microsoft UK, Olusoji Solomon Adeyemo, spoke on the need for AI and Blockchain in the bid to extend services to rural communities and the unbanked.
According to him, “AI, Blockchain and CBDs are shaping the future of payment, and there is a serious need for education. We need to align with global trends in new tech adoption.”
While noting that AI can ensure reach, Adeyomo said blockchain will also create digital identity that is exclusive and will promote digital financial inclusion.
In her position, Oluwabunmi Ogunyemi, the customer support lead at Moniepoint MFB, proffered physical and digital meet with customers, even in rural areas, as a viable means of inclusivity.
Also speaking, Olusegun Afolabi, the co-founder of Face Technologies UK Ltd., called for improved collaborations among stakeholders in the financial sector.
According to him, the fintech companies must also embrace effective identification solutions, focusing on biometrics and card technologies to ensure topnotch security for users.
Earlier in his opening remarks, Mr. Peter Oluka, co-Convener of the Forum, noted that the financial inclusion journey in the country has come to a crucial juncture where over 30 million adults are still financially excluded, many of whom reside in rural areas or belong to vulnerable demographics.
He noted that despite 12% growth in access to formal financial services between 2020 and 2023, as recorded by the EFInA Access to Financial Services Survey 2023, challenges still exist that hinders the unlocking of the potentials of digital payments to drive inclusive growth in Nigeria.
He further posited: “As digital infrastructure grows and fintech innovation accelerates, we must channel these advancements toward building a more inclusive, secure, and trusted financial ecosystem. This is not just about transactions — it’s about empowerment, opportunity, and economic participation for all.
Nodding in agreement, Mr. Chike Onwuegbuchi, co-Convener, PAFON, reiterated the need for all stakeholders in the financial payment industry, including regulators, to participate in forums as PAFON, to map out, growth strategies with consumers and other strata of the ecosystem.
He promised to invite security stakeholders, such as the EFCC and others in subsequent editions of the event. This will help give insight into security concerns in deployment of products and services in rural and unbanked communities.
Payments Forum Nigeria (PAFON) is a platform dedicated to shaping the future of digital payments and financial services in our country.
Telecom
MTN Nigeria Takes Broadband Services to the Next Level with FibreX Launch

MTN Nigeria has proudly announced the rebranding of its fibre broadband service to FibreX, marking a significant stride in delivering next-generation internet solutions across the nation.
Formerly called MTN Fibre Broadband, FibreX embodies the company’s commitment to providing ultra-fast, reliable, and accessible internet services, aligning seamlessly with Nigeria’s National Broadband Plan (NBP) 2020–2025.
The NBP aims to achieve 70% broadband penetration by 2025, ensuring minimum speeds of 25 Mbps in urban areas and 10 Mbps in rural regions.
“The launch of FibreX reiterates our dedication to supporting Nigeria’s digital transformation journey,” said Egerton Idehen, Chief Broadband Officer, MTN Nigeria. “By enhancing our infrastructure and services, we aim to bridge the digital divide and foster inclusive growth.”
FibreX is set to play a pivotal role in the Federal Government’s initiative to expand the nation’s fibre-optic network by an additional 90,000 kilometers, aiming to increase fibre capacity from 35,000 km to 125,000 km.
FibreX promises ultra-fast and reliable internet connectivity, aiming to meet the diverse needs of Nigerians, from bustling urban centres to remote rural areas.
While the service itself retains its powerful FTTH (fibre to the home) infrastructure, the new name embodies a more modern, relatable, and emotionally resonant brand that is positioned to lead the conversation around what premium internet should feel like.
The new name, FibreX, was adopted to create a more customer-friendly brand. The goal is to educate and excite consumers within home-passed locations (the potential number of premises within a service area that can be connected to an FTTH network) about the benefits of the product.
As Nigeria strides towards a digitally inclusive future, initiatives like FibreX are crucial in bridging the digital divide and fostering nationwide connectivity.
For more information about FibreX and its offerings, please visit www.mtn.ng/fibrex.
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