By digitising member management, automating rotating fund disbursements and integrating mobile payments, fintech versions of esusu deliver greater convenience, transparency and security.

These platforms leverage social trust networks while adding features such as automated alerts, credit scoring and investment options. As they scale, they bring financial inclusion to underserved populations, reduce reliance on cash and enable members to build digital credit histories.

The following developments illustrate how informal savings circles are transforming into modern fintech ecosystems.

• Digital onboarding and identity verification

  Fintech esusu platforms use mobile apps to register new members with a few taps. They employ biometric data or national identity numbers to confirm each participant’s identity and prevent fraud. This replaces paper-based sign up processes and ensures that people in remote areas can join without traveling to a central location.

ALSO READ: 8 Ways to balance debt and savings for every income earner

• Automated collection and distribution of contributions

  Instead of collecting cash at physical gatherings members authorise automated mobile money transfers on contribution dates. The platform aggregates payments and distributes the lump sum to the cycle’s recipient without manual cash handling. This reduces errors, prevents missed payments and provides an immutable digital record for all transactions.

• Transparent ledgers and real time tracking

  Members gain access to a shared digital ledger showing each contribution, upcoming payout schedule and historical disbursements. Real time notifications alert participants when funds arrive or a group member misses a payment. This transparency builds trust and decreases disputes that sometimes arise in traditional paper ledgers.

EXPLORE: How to Save for Retirement in Every Decade of Your Life

• Integration with mobile wallets and banks

  By linking esusu apps to popular mobile money wallets and bank accounts, platforms enable seamless transfers in and out of savings circles. Members can convert their digital savings back to cash or use balances for airtime purchases, bill payments and online shopping. This integration expands the utility of pooled funds beyond simple cash payouts.

• Credit scoring based on group behaviour

  Fintech esusu platforms analyse member contribution histories, punctuality and group cohesion to generate credit scores. These peer-based metrics help members qualify for microloans within the app or from partner lenders without requiring formal collateral. This approach extends credit to those who lack traditional credit histories.

• Value added services and financial education

  To deepen engagement platforms offer budgeting tools, goal tracking and tailored financial literacy content. Members receive tips on saving strategies, managing debt and building emergency funds. Such services improve financial health and encourage responsible money management within the group context.

• Expansion into investment and insurance products

  Some fintech esusu providers allow groups to allocate a portion of contributions into low risk investment vehicles or pooled insurance schemes. By collaborating with asset managers and insurance firms they offer members access to returns or coverage that were previously unavailable. This diversification enhances the long term value of the savings pool.

These innovations show how the core principles of esusu, such as community trust and shared responsibility, are being amplified by technology.

As these fintech platforms continue to evolve they promise to deliver greater financial inclusion, improved resilience and new economic opportunities for millions of Nigerians.

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If you walk through the gates of a typical Nigerian university today, you might be forgiven for thinking you have

read more The shrinking intellectual spaces: Nigerian universities have traded their intellectual minds for ritual and identity (2)

In a world where smartphones are becoming increasingly expensive, the new itel A90 is a breath of fresh air. Combining stunning aesthetics with unbeatable durability and performance, this device proves that you don’t need to spend a fortune to own a phone that’s reliable, stylish, and packed with smart features.

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But affordability is just the beginning. The itel A90 isn’t just another budget phone – it’s a durability beast, a style statement, and a smart companion, all rolled into one. With its vibrant color options – Starlit Black, Space Titanium, Aurora Blue, and Cosmic Green – this smartphone lets you express your personality while enjoying peace of mind, knowing your device is built to last.

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The itel A90 redefines ruggedness for its category. Featuring IP54 dust and water resistance, it can confidently tackle splashes, sweat, and dusty environments – perfect for Nigeria’s diverse weather and everyday hustle. The phone also comes with a 24-month warranty guarantee and promises 36 months of lag-free performance, thanks to optimized software and storage technology.

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Power meets efficiency in the A90. It boasts up to 256GB storage with 12GB extended RAM support via Atom Storage Tech 2.0, making it ideal for multitasking, media consumption, and app use without hiccups. Whether you’re watching movies, working remotely, or scrolling through social media, the 6.6-inch display remains responsive – even with wet or oily hands, a game-changer in hot climates or busy kitchens.

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Truly Easy to Use with Smarter Tech

itel has always believed in making technology accessible and user-friendly, and the A90 is no exception. It includes DTS sound effects for immersive audio, whether you’re on calls, watching videos, or listening to music.

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Availability and Exclusive Launch Offers

The itel A90 is officially available at itel Home Stores (https://bit.ly/4hzIfmG) nationwide for 89,900 Naira (64+3 GB) and 99,900 Naira (128+4 GB). As a special launch bonus, MTN users who purchase the A90 will enjoy a 50% data bonus for six whole months, making it easier than ever to stay online, stream, and share.

The Smart Choice Under 100,000 Naira

Colorful, capable, and crafted to last, the itel A90 is more than just an affordable smartphone – it’s a lifestyle upgrade. With industry-leading durability, generous specs, and smart features, it sets a new standard for entry-level phones. Whether you’re buying for yourself or as a gift, the itel A90 is a choice you can trust.

itel A90: Truly Durable. Truly Colorful.

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