Mastercard, Thales and Providus Bank Launch a Tokenisation and Digitisation Initiative in Nigeria

COVID-19 has led to more consumers and in-store employees avoiding physical contact and embracing social distancing. Mastercard and Providus Bank are extending the “contactless” payment solution alongside the growth of a low-touch environment, especially as more and more people are seeking safer and more secure ways to transact. Mastercard, Thales and Providus Bank have partnered to bring

Ecobank Group names Jubril Mobolaji Lawal as Regional Executive and Managing Director Designate for Ecobank Nigeria

Ecobank Group, the leading pan-African banking group, announces that Jubril Mobolaji Lawal has been appointed as Regional Executive and Managing Director designate of Ecobank Nigeria, subject to the approval of the Central Bank of Nigeria. The appointment is made ahead of Patrick Akinwuntan’s upcoming retirement, due to him reaching retirement age in January 2022. Mobolaji

TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ to Retailers Across Africa

TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to 5 million SME retailers and drive further expansion of its merchant platform across the continent. The Series B equity round was led by the International

UBA Group Dominates the 2021 Banker Awards, Wins ‘African Bank of the Year’

Breaks the Banker Magazine Record as it wins Best Bank in Nigeria and 12 of Its Subsidiaries Africa’s global bank, United Bank for Africa (UBA) Plc yet again, reaffirms its leadership position across Africa, as the bank has been globally recognised as the African Bank of the year 2021 by the Banker Magazine, a leading

Firstbank Unveils a Fully Automated Self Service Branch, Strengthens Digital Transformation in Nigeria

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services organisation has announced the launch of its fully automated branch, called the FirstBank Digital Experience Centre. It is provided to put customers at an advantage in carrying out various activities on their own without interacting with anyone. The branch is a reinvention of

Cellulant to Power Payments for ImaliPay’s Drive for Gig Workers’ Financial Inclusion

The partnership will further drive financial inclusion by allowing ImaliPay users to access financial services quicker through Cellulant’s payment rails ImaliPay, the one-stop financial platform for Africa’s gig workers, has partnered with pan-African payments company Cellulant, for its payments infrastructure and solutions in Kenya and Nigeria. The ease of making and receiving payments for freelancers

FBN Holdings Renews Adesola Adeduntan Tenure, Appoints Nnamdi Okonkwo as GMD

The Board of FBN Holdings Plc (FBNHoldings) has appointed the immediate past Managing Director of Fidelity Bank Plc., Mr. Nnamdi Okonkwo as its Group Managing Director. Okonkwo’s appointment takes effect from January 1, 2022. His appointment followed the retirement of Mr. U.K. Eke, who has completed his two-term tenure. Uke, according to the board, tendered

KongaPay to Hit 3 Million Customers by 2022

KongaPay projected to hit 3m subscribers by 2022 KongaPay, a Central Bank of Nigeria (CBN)-licensed fintech platform, is on course to grow its active subscriber base to over three million by 2022, data released by the company has shown. The mobile money platform, the leading provider of digital services for e-commerce shoppers in Nigeria, is

Standard Bank Group Selects Flutterwave to Drive Digital Transformation Efforts Across Africa

Standard Bank customers in eight African countries to enjoy enhanced digital payments experience in partnership with Flutterwave  Standard Bank, Africa’s largest bank by assets, has partnered with Flutterwave, Africa’s leading payments technology company, to enhance digital payments experiences for its customers in Nigeria, Zambia, Tanzania, Uganda, Ghana, Mauritius, Cote D’Ivoire and Malawi. Flutterwave and Standard Bank

FirstBank Partners NIBSS to Drive Digital Payment Convenience with Nigeria Quick Response (NQR)

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services organisation has announced its partnership with Nigeria Inter-Bank Settlement System plc (NIBSS) on its recently launched Nigeria Quick Response (NQR) Payment Solution. The NQR is an innovative payment option implemented for all financial service providers and designed to promote quick and fast transactions