Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, has announced that Network International (Network) the leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed for its payment processing. This collaboration is set to …
Read More »How Can Nigeria Build on Payment Evolution Brought about by Naira Shortage
By Mxolisi Msutwana – Chief Operating Officer at Baxi All around the world, governments are trying to encourage cashless payments. Their reasons for doing so are multiple, including expanded financial inclusion and transparency, wanting to formalise the informal economy, and to drive economic growth and innovation. Nigeria is no exception. …
Read More »Regional Breakfast Session Targeted at Deepening Financial Services, says Interswitch
Interswitch, Africas leading integrated payments and digital commerce company, has hosted representatives of commercial banks, micro-finance banks, fintechs and other stakeholders to an insightful breakfast session in Lagos where they were introduced to a plethora of innovative products and solutions designed by the company to transform the payment ecosystem. The …
Read More »Nigerian FinTech Start-Ups Raise $1.37 Billion Funding in 2021, Rises to 63%
The FinTech Association of Nigeria says Financial Technology (FinTech) operators accounted for 63 per cent of the 1.37 billion dollars funding raised in Nigeria in 2021. President of the association, Mr Ade Bajomo said this on Saturday in Lekki, Lagos, at a dinner held at the FinTech Platinum Awards ceremony. …
Read More »Interswitch Collaborates with Industry Stakeholders for The Future of Payment and Fraud Conference
In light of advancements in global payment systems, Africa’s leading integrated payments and digital commerce company, Interswitch, has been confirmed as a gold sponsor of the Future of Payments and Fraud Conference slated to hold on Thursday, May 12, 2022. Interswitch’s sponsorship of the conference stems from its focus on …
Read More »9PSB, Others Advocate Stakeholders Collaboration as 40% Nigerians Suffers Financial Exclusion, Underbanked
About 40% of Nigerian Population are financial excluded while many remains underbanked, financial experts has said. In a bid to find a lasting solution to this, Nigeria’s pioneer Payment Service Bank, 9 Payment Service Bank (9PSB) has reiterated that collaboration among operators, players and regulators in the financial services sector …
Read More »Ecobank Group Reaches Another Milestone in Financial Inclusion in Africa
In its bid to promote financial inclusion in Africa, the Ecobank Group (www.Ecobank.com) and Semoa a Fintech based in Lomé are enabling mobile money users in Togo to carry out banking faster and easier, across West African Economic and Monetary Union ( WAEMU) through a new digital banking service via …
Read More »PayPal Wants More Customers to Pay Using Crypto Assets
PayPal Holdings Inc. is looking to expand its lucrative business of enabling customers to pay merchants with crypto assets, but the digital payments company doesn’t yet plan to invest in these assets, Chief Financial Officer John Rainey said. “It is still a highly volatile asset right now,” Mr. Rainey said, …
Read More »Debit Cards: Still Driving Financial Inclusion
The last decade witnessed tremendous changes in the nation’s banking landscape. The number of bank customers have grown, agency banking has gained a foothold and cheques have given way to transfers, particularly through SMS banking and mobile apps. Debit cards, however, remained a constant feature during this period. Debit cards …
Read More »Digital Merchant Payments Can Help De-risk Local Business Environments: Here’s How
By Murray Gardiner, Managing Director, Bluecode Africa Over the course of the past 12 months, the world has learned a lot about uncertainty. The financial space is no exception, having gone through the kind of ructions not seen in nearly a century. As governments around the world look beyond recovery …
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