The Central Bank of Nigeria’s cashless policy is the key to the country’s fast economic development, according to Charles Ifedi, chief executive officer of Verve International. In an interview with HumanIPO, Ifedi said electronic payment technologies which further the cashless policy must be made available to all Nigerians for the benefits of economic development to
The Board of United Bank for Africa Plc announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi. Mr. Elumelu is Chairman/CEO of Heirs Holdings, the pan-African proprietary investment company, he founded in 2010, which holds stakes in a number of leading African businesses, including Nigeria’s largest conglomerate by market
The evolution or revolution of the retail environment is one of the most dynamic industries affecting almost anyone who knows how to turn a computer on. According to marketingpilgrim.com, the US online retail spend will reach just under $300 billion this year alone so it would be interesting to understand how the South African online
Korea’s leading bitcoin exchange, wallet and merchant processor, has closed a $3 million Series A funding round led by SoftBank Ventures Korea. Pantera Capital led the round from the US side, with participation from BAM Ventures and previous investors Bitcoin Opportunity Corp., Tim Draper, Pietro Dova and initial investor Strong Ventures. Regarding the investor group,
PayPal, a leading global payments company, announced that four years after a landmark deal with First National Bank made it possible for people and businesses in South Africa to make and accept PayPal payments, more than one million accounts have now been opened. With 152 million active accounts in 203 markets around the world, PayPal
Airtel Tanzania and Tigo Tanzania have partnered for a cross-network money transfer service that will make it possible for subscribers from both networks to send and receive money between their mobile money wallets. HumanIPO reported in June three mobile operators in Tanzania Tigo, Airtel and Zantel announced they would launch interoperability for mobile money services,
The mobile payments company Fortumo is announcing that it has partnered with leading Indian mobile gaming company Games2Win to provide in-app purchasing using carrier billing to their mobile games. The first game published with Fortumo carrier billing is Power Cricket T20 on the Windows Phone platform. “Earning revenue in India continues to be a significant
PINs, passwords or other means of user authentication can be lost, stolen or copied and systems that rely on these are rapidly becoming both ineffective and obsolete. As the world attempts to put an end to identity theft and to reduce fraud, the banking sector is making a real commitment to biometrics and intelligent identity
Allied Wallet, a globally leading provider of online payment processing, multi-currency merchant services, and a PCI Level 1 secured payment gateway, has been awarded as an INC 5000 company for 2014, recognizing their incredible growth and award-winning solutions. Allied Wallet was previously recognized in 2012 as an INC 500 company. Since then, they’ve expanded to
WorldRemit, the online money transfer provider, announces that customers in Taiwan can now send mobile recharge to friends and family overseas. The service enables sending to 80 countries, with money being added instantly to recipients’ pre-paid phones. WorldRemit’s founder and CEO, Ismail Ahmed said: “Mobile airtime is a key part of our modern, connected world.
