Is a pity how we get here. Any company that comes to Nigeria started well , then later will start pu

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Is a pity how we get here. Any company that comes to Nigeria started well , then later will start punishing Nigerians . Most times it will start with excess extra charges or make the system bad to Nigerians.

A Nigerian Digital bank , or we call it online bank , bank without physical building as we call it want to lay off 23 Staffs with a reason they is best known to them as a means to reduce Cost.
Kuda said the layoff is not up to 5% of their total work force meaning they have up to 450 staffs .
The company in a short interval has been able to raise about $500 million and said it will use the fund to pursue a pan-African expansion

The main issue here is most of these online banks including Kuda does not have a branch and if one has a challenge it will be very difficult for you to resolve it.
Another effect is it does not really create jobs compare to other banks , indirectly there is going to be drop in employment.

Most persons want to put their savings in online banks because they charge very low or sometimes no single charge. But you don''t have to put your entire savings there because is not a 100% trusted saving wallet .

So the only advice for you as my reader , if you are banking with kuda , transfer what you can use for a day or a week to kuda account then use it for transaction because it saves cost. Kuda may not charge for every transaction like other physical banks do. But do not keep your full savings , because it is an online bank anything can happen......


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