Businesses in Nigeria can now securely request and receive payments directly from their customers using PayU’s secure product called PayU Receive. PayU Receive is a secure payment solution that facilitates business-to-business and business-to-consumer payments easily via email or SMS. It allows businesses to make use of PayU’s safe and secure payment services by allowing them
Foremost African financial institution; Guaranty Trust Bank plc reaffirmed its position as a leading global brand with its recent recognition as the “Best Bank in Nigeria” and the “Best Bank for CSR in Africa.” The Bank’s Managing Director and Chief Executive Office, Segun Agbaje, also won the award for the CEO of the Year, which
The prepaid industry is now a truly worldwide market. Since launching in the mid-1990s in the US and the first programme in Europe in 1999, the popularity of prepaid cards has spread across the globe. Originally introduced as a more efficient replacement for paper gift certificates, prepaid now represents a payment category that spans a
First Bank of Nigeria Limited, Nigeria’s most valuable bank brand, has successfully recertified to the Payment Card Industry Data Security Standard (PCI DSS) version 3.2, having been one of the first top-tier banks in Nigeria to obtain the PCI DSS certification in 2014. This recertification reaffirms the Bank’s leading position in the payment card industry
With half of Nigeria’s population currently living in cities, it is critical that a development framework is in place to ensure future growth is sustainable. This was a key message highlighted at the Mastercard CEO Conversations dinner held last night, where dialogue focused on: ‘Developing Nigeria’s Smart Cities through Technology Transformation’. Bismarck Rewane, renowned economist
First Bank of Nigeria has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country. This makes FirstBank the second bank in Africa to achieve this feat. With this milestone, the Bank currently processes over 30% of the card transactions in the entire
First Bank of Nigeria has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country. This makes FirstBank the second bank in Africa to achieve this feat. With this milestone, the Bank currently processes over 30% of the card transactions in the entire
First Bank of Nigeria Limited (FirstBank or the Bank), the foremost Nigerian bank, announced the acquisition of the remaining shares in FBNBank DRC Limited (FBNBank DRC), making it FirstBank’s wholly owned Subsidiary. FirstBank said this follows its initial investment in FBNBank DRC (formerly Banque Internationale de Credit) in 2011, when the Bank acquired a 75%
TerraPay, the world’s first mobile payments switch, announced today that it has successfully obtained regulatory approval from South African Reserve Bank to launch Cross-border money transfer services in South Africa. This makes TerraPay the 5th company to be licensed as a category three Authorised Dealer in Foreign Exchange with limited authority, also known as ADLA
Direct Pay Online Group (DPO) is the first payment service provider (PSP) in Africa to receive the Payment Card Industry Data Security Standard (PCI DSS) Level 1 certification in 12 African countries. This comes after the successful completion of comprehensive audits in the Group’s global headquarters and all its other markets which include Kenya, Tanzania,
