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 »Financial Inclusion: Opay Opens 17 Physical Customer Services Offices Across Nigeria
…Pledges Compliance to CBN Regulatory Guidelines In its bid to provide customers with the best payment user experience and promote financial inclusion, Opay has announced the opening of 17 physical customer services locations across Nigeria. The Director of Card Business, OPay, Precilia Olayemi made this disclosure at the press conference …
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 »Access Holdings’ Future Strategy would Promote Intra, Inter African Trade – Wigwe
Access Holdings Plc says it has started operations with initial portfolio companies. The firm said its future strategy would promote intra and inter African trade. It said in a statement that the corporation, which builds on Access Bank’s scale and ethical standards, would have portfolio companies with significant complementarities to …
Read More »Good Corporate Governance Practices Make Businesses Sustainable – Absa Nigeria Chairman
The Chairman, Absa Nigeria, Adedotun Sulaiman, speaks on his career growth, transformative contributions to the enterprises and the public sector as well as Absa operations in Nigeria in this interview Congratulations on your 70th birthday; how does it feel to be 70? Honestly for me, it feels good because at 70 …
Read More »How Technology and Competition are Reshaping Banking
By FNB Retail CEO Raj Makanjee All indications are that financial services will be characterised by unprecedented competition in the 21st century. In addition to the already fierce competition among banks, the industry is attracting the attention of telecommunications providers, fintechs and technology players. Several arguments are advanced in support of the …
Read More »9PSB, Flutterwave Partner to Promote Seamless Financial Services
Payment service bank, 9PSB and payments technology company, Flutterwave have announced a partnership agreement that will help facilitate seamless financial services for Nigerians. In a joint statement issued by both companies, the partnership seeks to create a seamless payment ecosystem by aggregating and simplifying transactions for banking agents, merchants, and …
Read More »Digital Transformation Accelerates Economy Recovery, Financial Inclusion -CIBN President
The President/Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Dr Bayo Olugbemi has stated that with the increase and adoption of technology, the economy and financial inclusion is on a faster path of recovery and growth. He made this known during a virtual CIBN’s 2021 Graduates’ …
Read More »Access Bank Drives Financial Inclusion With 74,000 Closa Agents
Access Bank Plc has equipped 74,000 Access Closa agents to provide financial services to customers across the country, to drive financial inclusion. Mr Robert Giles, Senior Banking Advisor, Retail, Access Bank, made this known in a statement on Friday in Lagos. He said the agents were empowered with POS, to deliver …
Read More »Nigeria, SA, Kenya, Top Drivers of eCommerce Volumes in Africa – Visa
A recent Visa report has shown that the top market contributors to eCommerce in Sub-Saharan Africa (SSA) over the last 3 years were South Africa, Nigeria and Kenya, with Ghana also showing growth, having replaced Kenya in the top three contributors in 2020. SSA may be one of the smallest …
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