Hi, welcome to Tech This Evening, an After-Work Tech Newsletter from Techparley Africa. Sure, there is a lot to unpack right now. Sit back, while I walk you through.
Top Story: DailyPay: This Nigerian Startup is Helping Employees Get Paid Their Salaries Every Day
Running out of money before the next salary cycle is a familiar struggle for many Nigerians. Into this growing sector comes DailyPay, a new platform betting on a daily-payment system that puts workers firmly in control of their earnings and pushes the industry toward a more employee-centred model.
DailyPay’s origins are rooted in personal experience. After facing a health challenge he could not immediately treat because his salary had run out before month-end, founder Temidayo Dauda set out to build a solution that would prevent others from being caught in the same situation.
That idea eventually became DailyPay, a platform that breaks from traditional EWA structures by offering users access to their accumulated daily wages, rather than depending on employer-driven restrictions.
“DailyPay is a financial services platform that provides on-demand access to earned wages. It empowers salary earners to withdraw their accumulated daily income at any time before payday, improving liquidity, reducing financial stress, and promoting financial well-being,” according to the company’s LinkedIn profile.
Other Tech News Stories You Should Read:
Here are 7 Habits That Ruin Your Startup’s Growth: A Comprehensive Founder’s Guide. Read now.
Teaching Maths in Yoruba: How Nigerian Educator Abdulwakeel Olajuwon is Rewriting the Future of Learning. Read now.
How to Manage Cofounder Conflicts in a Startup: A Step-by-Step Guide. Read now.
On Startup Spotlight:
How Nigeria’s National Payment Stack Works, and What It Means for Startups and Businesses
Nigeria has taken a decisive leap forward in upgrading its digital payment infrastructure, following the successful completion of the first live transaction on the National Payment Stack (NPS) by PalmPay and Wema Bank last week.
Developed by the Nigeria Inter-Bank Settlement System (NIBSS), the NPS has been in development for several months and is positioned as the most significant overhaul of Nigeria’s financial plumbing since the introduction of the NIBSS Instant Payment (NIP) platform more than a decade ago.
Long regarded as a continental leader in digital payments, Nigeria aims to use the NPS to strengthen that position and further expand access. According to NIBSS, the system is designed to enhance financial inclusion, enable secure real-time transactions, and improve national processes such as social benefit disbursement, tax collection, and public sector revenue tracking.
“One of the core problems it has resolved is in the area of messaging and confirmation, including a digitally signed delivery of messages between one party and the other,” Premier Owoh, Managing Director and Chief Executive Officer of NIBSS, said.
Quadri Adejumo brings you all the details. Read here.
Also Read:
Should Startups Hire First-class Only Or Consider Others? Sycamore CEO, Babatunde Moses Weighs In. Yakub Abdulrasheed brings us the details, here.
Quote of the Day:
“Any sufficiently advanced technology is equivalent to magic.” – Arthur C. Clarke.
Thank you for joining me yet again this evening. Stay safe, and see you tomorrow for the next tech newsletter.
Best, Quadri
