TerraPay, a mobile-first international payment network, announced that it has partnered with MoneyTrans, a leading Money Transfer company established in Europe and Africa as well as Paga, Nigeria’s pioneering payments and financial services company to launch cross-border remittances from Spain to mobile wallets in Nigeria. Now Nigerians in Spain can send money to any mobile
The attention of the Central Bank of Nigeria (CBN) has been drawn to certain spurious and grossly uninformed claims suggesting that about 20 per cent of the Naira currency notes in circulation are counterfeited. While we acknowledge that no currency in the world is immune from counterfeiting, we make bold to state that the rate of
Microsoft, the leading platform and productivity company for the mobile-first, cloud-first world and Ecobank Transnational Incorporated, parent company of pan-African banking group Ecobank signed a memorandum of understanding (MOU) to complement African governments’ efforts to modernise and raise the standards of the continent’s major cities through state of the art digital solutions. The MOU will
Diaspora remittances, money transfers by migrants to their region or country of origin, are becoming increasingly important to the economies of a number of African countries. In Nigeria for example, remittances of about US$35 billion were expected in the last year. Diaspora remittances are the second biggest source of foreign exchange for Nigeria, and according
Stanbic IBTC has launched a new mobile app as part of its financial service offering and to boost customer service delivery and user experience. The app was officially released into the market on the 29th of November and is currently available for download on the Android Play Store and Apple App Store. With emphasis on
First Bank of Nigeria Limited has been on a journey to provide financial solutions to promote convenience and support the lifestyles of its customers. The Bank through the years has demonstrated an understanding of its customers’ modern lives, wants, and needs as part of its drive to become the trusted partner providing bespoke and accessible
Ingenico Group, the global leader in seamless payment, announced that a strategic partnership has been signed with Interswitch Nigeria Limited, the leading transaction switching and electronic payment processing company in Nigeria. Since 2002, Interswitch has been promoting the seamless circulation of electronic money by building the payments infrastructure and bringing new products and services to
United Bank Africa (UBA) has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion. The merchant app will include Masterpass QR, a mobile payment solution powered by Mastercard, and is immediately available for download to any
