SimplePay users can now send money instantly to any PocketMoni account by logging into their SimplePay account. This is as a result of the company’s partnership with mobile banking and payments services eTranzact. In a statement, SimplePay said it has simplified the lives of thousands of connected Nigerians by eliminating physical cash from financial transactions.
ICE3X a South Africa-based bitcoin exchange has announced a partnership with VoguePay, a Nigerian payment processor to launch Nigeria’s first bitcoin exchange. Under the partnership, individuals in Nigeria can buy and sell bitcoins using the Nigerian local currency directly from existing VoguePay wallets. He told CoinDesk: “The market, however, is potentially massive. VoguePay have spotted
Major Nigerian commercial bank First Bank has announced a partnership with telecoms company Etisalat to make Firstmonie mobile money services available on Etisalat’s Easywallet SIM application. Lucas Dada, director of Business Segment at Etisalat Nigeria said the partnership will provide added value to all customers and stakeholders in the mobile money industry. “Etisalat easywallet, is
Research from Azimo, the social online money transfer service, has revealed that Poland and Nigeria top the list of the most generous countries at Christmas, while African countries fill three of the top five places. Of the 198 countries which Azimo serves, Poles send the most money home to their loved ones at Christmas, with
Nigeria’s online payment platform SimplePay has announced a partnership with Ariiyatickets.com an online ticketing platform. With the partnership, individuals can now use SimplePay to instantly and safely purchase tickets to their favorite events. In a statement, SimplePay said the agreement is in line with objective which is to simplify the lives of thousands of connected
The management of Heritage Bank one of Nigeria’s commercial banks has launched portable POS solution a Mobile Point of Sale (mPOS) product that getting popular in various parts of the world. Niyi Adeseun, executive director, Manila Banking, Heritage Bank said: “The Nigerian retail and corporate market is undergoing a massive transformation in a battle for
Nigeria’s apex bank the Central Bank of Nigeria (CBN) has announced mobile financial transactions in Nigeria had exceeded US$2 billion. This was announced by the bank’s Head of Payment System Policy and Oversight Division of Banking and Payments Department, Musa Itopa-Jimoh. He said a total of 15 million transactions have been made since the inception
Guaranty Trust Bank plc wins “Best Bank in Nigeria for 2014” by The Banker Magazine (a publication of The Financial Times) for promoting industry-wide excellence in Global Banking Ethics and adherence to the highest corporate governance standards. The prestigious award ceremony which held on Thursday November 27th, 2014 at Intercontinental Hotel, Park Lane, London had
The United Bank for Africa Plc (UBA) has announced the introduction of Forex transfer capability on its online banking platform, U-Direct. The new service allows the bank’s customers to transfer funds from their Domiciliary Account to any account in the world within 24 hours. The commencement of this service is well timed, considering the anticipated
Jumia announced a new round of investments amounting to EUR 120 million. These investments, which were made by existing shareholders, strengthen the company’s position as the leading online retailer in Africa. Jeremy Hodara, co-CEO of Africa Internet Group said: “We are very pleased to have been given this show of confidence, which acknowledges JUMIA’s success.
