Heritage Bank Plc has restated commitment through its growth strategy to deepen its full stream retail banking franchise to match the rapidly changing needs of its customer, as well give the unbanked, especially in the rural areas the opportunity to enjoy seamless financial services. The MD/CEO of Heritage Bank, Ifie Sekibo, made this known yesterday
Folarin is a smart entrepreneur who is in touch with technological advancement and the digital age. He has different apps on his mobile phone which he uses to organise both his business and private lives. He has a food app which he uses to order for his breakfast and lunch, he has another one that
As a part of efforts to deepen Financial Inclusion in Nigeria, First Bank of Nigeria Limited extended the Agent Banking campaign to 14 major markets and business points across Bayelsa, Cross River and Delta States. The Market Activation which spanned over three weeks between November 24 and December 16, 2018 was an intensive period of
Access Bank, Nigeria’s leading commercial bank, has partnered with global technology giant, Microsoft to improve security and banking experience for customers in Nigeria and Africa, as both companies accentuated their commitment to providing custom made products and services that addresses pressing challenges in the banking industry in Africa. This was announced at a meeting between
Papersoft and Integrated Biometrics, in partnership with the Nigerian Interbank Settlement System (NIBSS), are now part of the Financial Inclusion Strategy in Nigeria. This program aims to enroll 70 million unbanked individuals into Nigeria’s formal financial services sector by 2020. Since 2012, Nigeria has been committed to ensuring that most of its population has access
First Bank of Nigeria, in partnership with Clickatell’s Transact division, has commercially launched their Chat Banking channel on WhatsApp. This capability enables FirstBank’s customers to manage their banking needs within their WhatsApp chat with the same efficiency as USSD. Customers can add First Bank’s published WhatsApp phone number or a direct link access the First
First Bank of Nigeria Limited, has been presented with the award of the Best Bank in Nigeria by Global Finance in its World’s Best Banks Award 2018 held on the sidelines of the World Bank/IMF Annual Meetings in Bali, Indonesia. According to Global Finance, “Winners in the World’s Best Banks Awards 2018 were selected based
Winners of the 2018 Ecobank Fintech Challenge were announced at a ceremony held at Ecobank’s headquarters in Lome, Togo on 30th August 2018. Nala, from Tanzania, beat the ten other finalists to emerge as the overall winner of the competition. Virtual Identity from South Africa and Wallet.ng from Nigeria were the first and second runners
Paystack, a Nigeria-based startup providing payments tools to businesses in Africa, has raised $8 million in Series A funding. The round was led by Stripe, and includes Visa, follow-on funding from Tencent and Y Combinator, as well as angel investors Tom Stafford (Managing Partner at DST Global), Gbenga Oyebode (founding partner of Aluko & Oyebode
In Nigeria, a country of nearly 200 million people, 61% of the adult population is un- or underbanked. Fintech companies like Paylater represent a tremendous opportunity to get formal banking services in the hands of Nigerian consumers to provide much needed liquidity for entrepreneurial investment, personal development, or unexpected expenses. Consumer credit is nearly non-existent
