Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has reinforced its commitment to advancing financial inclusion and innovation as the exclusive Diamond sponsor of the 2024 International Financial Inclusion Conference (IFIC). Organised by the Central Bank of Nigeria (CBN) in collaboration with The World Bank, the Bankers’ …
Read More »Nigeria’s Payment System Ranks 6th Globally, Tops List in Africa – Adenikinju
Nigeria’s payment system standard has again been applauded as highest in Africa and sixth globally. Professor Adeola Adenikinju, President, Nigerian Economic Society disclosed this over the weekend during the 2024 fellowship investiture of the Chartered Institute of Bankers of Nigeria (CIBN). This positioning according to him, underscores the country’s significant …
Read More »Sterling Bank Offers Core Banking Solution, SEABaaS to Fintechs, MTN’s MoMo
Sterling Bank has reportedly pitched its new advanced core banking application software, SEABaaS, to fintech comapanies and MTN’s Mobile Money business, MoMo. SEABaaS which stands for Sterling Bank’s Enterprise Application Bus as a Service, is a platform designed to make Sterling Bank more agile and responsive, much like a fintech …
Read More »9PSB CEO, Branka Mracajac Hinges Fintech Success in Nigeria on 3 Pillars
At the 2024 Nigeria Fintech Week held in Lagos, Branka Mracajac, CEO of 9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial inclusion, emphasized the critical importance of innovation, increased investment, regulatory support, and collaboration among stakeholders in driving the growth of Nigeria’s fintech ecosystem. …
Read More »MTN Nigeria Takes Full Ownership of MoMo PSB, Buyout 7.17% Acxani Minority Stake
MTN Nigeria has successfully acquired the remaining 7.17% minority stake in its mobile money subsidiary, MoMo Payment Service Bank (MoMo PSB), from Acxani Capital Limited. The leading telecommunications provider in Nigeria made a public announcement on the Nigerian Stock Exchange (NGX) website. This development marks a significant milestone for the …
Read More »Financial Inclusion: Airtel Money Users Hit 38 Million, Women Customers Take 38%
Airtel Africa’s 2024 Sustainability Report has revealed Airtel Money’s deep commitment to bridging the digital and gender divide as well as promoting financial inclusion and empowering African communities. The report highlights the company’s impactful initiatives aimed at promoting financial inclusion, fostering digital learning, and cultivating a diverse and inclusive workforce. …
Read More »How to Make PoS Registration a Win-Win for Nigeria’s Financial Future
By Elvis Eromosele The Central Bank of Nigeria (CBN) recently mandated that all Point of Sales (PoS) operators complete their registration with the Corporate Affairs Corporation (CAC) by July 7, 2024. This directive aims to formalize the operations of PoS businesses across the country, boosting regulatory compliance and promoting financial inclusion. However, …
Read More »Collaboration Key to Building Secure Fintech Future, Promote Financial Inclusion – Palmpay MD
…Prioritizes User Trust The Managing Director of PalmPay Nigeria, Chika Nwosu, has called for close collaboration between Fintech companies and regulators to build a secure and trusted digital payment landscape that drives financial inclusion in Nigeria. Nwosu’s remarks came during a recent appearance on Channels TV’s Business Roundtable, where he …
Read More »Financial Inclusion: Airtel Africa’s Mobile Money Transactions Surge 38.2%, Hit $112 Billion
Airtel Africa is experiencing a mobile money boom, with transaction value surging by a staggering 38.2% in constant currency for the year ended March 31, 2024. This impressive growth, exceeding $112 billion in reported currency, signifies a significant rise in cashless transactions across Africa. Driving the Surge: Increased Adoption and …
Read More »Global Public Health Week 2024: 9PSB Advocates for Healthy Lifestyle
In a bid to further create awareness on the need to practice healthy lifestyle particularly among the productive segment of the society, 9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial inclusion, has advocated for a healthy lifestyle among staff members. This was made known during …
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