For FairMoney, every PoS terminal is a future lending opportunity

FairMoney Microfinance Bank, the Nigerian consumer-focused digital lender, is using Point-of-Sale (PoS) terminals to solve one of lending’s oldest problems: determining which businesses are creditworthy. While rivals race to deploy millions of payment terminals across the country, the digital lender has deployed about 100,000 devices and says it is deliberately targeting merchants whose payment histories can eventually become lending opportunities. “We are not necessarily targeting like two mill