The innovations by United Bank for Africa, in providing convenient banking platforms for individuals and businesses have received global endorsement and recognition. The Bank has been named the “Best Transaction Bank” from Africa in 2014 by UK based magazine “The Banker”. This is hinged on the Bank’s e-banking platforms that have positively changed the way
Nigeria’s web and mobile financial services startup SimplePay has announced a partnership with Consumer Bureau de Change to allow for incoming and outgoing remittances through the SimplePay platform. With this partnership, the company said Nigerians in the diaspora can fund the SimplePay accounts of their friends and families from anywhere in the world. Commenting on
A review of the result shows positive performance across some key financial indices, in spite of an extremely challenging business environment and increasing regulatory headwinds. Gross earnings for the period grew by 7% to N132billion from N124billion reported for the corresponding year period 2013. Profit before tax at N53.40billion, was a 7% dip from N57.4billion
From the convenience of your desktop to the palm of your hand, SimplePay has simplified the lives of thousands of connected Nigerians by eliminating physical cash from financial transactions. Now, with the release of the stand-alone SimpleGiving app, one more type of transaction, donating to your church, can be made faster, easier and safer. Users
eTranzact International Plc, the leading mobile and switching company has been awarded the final approval to commercially launch the Mobile Money operation by the Central Bank of Nigeria. The approval to commence Mobile Money in Nigeria essentially marks the beginning of mobile payment revolution in the country. The eTranzact Mobile Money is designed to allow
Nigerian President Goodluck Jonathan received his National eID card, heralding the official launch of the eID pilot program. In the pilot phase, the Nigerian Identity Management Commission will issue MasterCard-branded identity cards with electronic payments functionality to 13 million Nigerians. This initiative is the largest rollout of a biometric-based verification card with an electronic payment
Western Union has launched an outbound remittance service in Nigeria, allowing people to send not only receive money around the world. Prior to the launch, customers in Nigeria could only receive funds; this being the first time outbound remittance has become available in the country. To launch the service in Nigeria, Western Union is partnering
The Central Bank of Nigeria’s cashless policy is the key to the country’s fast economic development, according to Charles Ifedi, chief executive officer of Verve International. In an interview with HumanIPO, Ifedi said electronic payment technologies which further the cashless policy must be made available to all Nigerians for the benefits of economic development to
The Board of United Bank for Africa Plc announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi. Mr. Elumelu is Chairman/CEO of Heirs Holdings, the pan-African proprietary investment company, he founded in 2010, which holds stakes in a number of leading African businesses, including Nigeria’s largest conglomerate by market
Nigerian card payment provider, Verve International, launched its in-app payments solution and made the software development kit available to app developers to support local developers eager to bring their apps to market and capitalise them, with the market currently hindered by lack of in-app payment options, according to Charles Ifedi, chief executive officer of Verve
