The majority of users (97%) lost up to USD $1,000 equivalent as a result of these incidents, while 3% of the respondents reported a loss of more than USD $1,000 equivalent According to the Kaspersky (www.Kaspersky.co.za) Digital Payment survey, 37% of respondents from Nigeria experienced financial losses associated with threats when using online banking and
Leading global fintech brand, Unlimint, is set to launch its operations in Nigeria, after receiving its Payment Solution Service Provider (PSSP) License from the CBN. This milestone development authorizes Unlimint to operate as a recognized payment service provider in the region, enabling the delivery of a wide range of payment services and methods that will
The collaboration with Network enables Polaris Bank to provide low-cost digital solutions on a secured platform, making customer acquisition and digital onboarding seamless. Network International (Network) (https://www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has renewed its partnership with one of Nigeria’s largest financial service providers, Polaris Bank
Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In its 2023 banking outlook, Deloitte has advised banks to “…reassess traditional product, service, and industry boundaries to create new sources of value.” The company has suggested that this could include exploring
This technology also plays a powerful role in digital and financial inclusion Nigeria is at an inflection point where it needs to adopt enabling technologies at scale to support high growth in the telecommunications and digital sectors. Using the right technology as a catalyst, these sectors can support financial inclusion and widespread economic growth. Gur
GCB Bank Plc, one of the largest banks in Ghana, today announced it successfully completed the first Pan-African Payment and Settlement System (PAPSS) client transaction in Ghana. The transaction involved a Ghanaian incorporated entity initiating a supplier payment from GCB in Ghana Cedis to a beneficiary in Nigeria who received the payment in Naira instantly.
Ibrahim is a business manager with experience in digital payments, consumer channel development, market segmentation, cross-border remittances, and product management. Cellulant (www.Cellulant.io) has announced the appointment of Ibrahim Gbolahan Aminu as General Manager for Cellulant in Nigeria. As General Manager, Ibrahim will manage and oversee the day-to-day operations and provide leadership as Cellulant expands coverage
Award-winning, intra-African, cross-border remittances and digital wallet company EziPay, has partnered with MFS Africa, the continent’s leading digital payments gateway, to bring last mile connectivity for remittances and collections to and from mobile money wallets and bank accounts in Africa. The partnership comes at a time when mobile money is burgeoning at increasing rates on
Cellulant’s digital payments platform, Tingg – enables businesses to seamlessly accept and make payments offline and online The Central Bank of Nigeria (CBN) has renewed Cellulant’s Payment Service Solution Provider License in Nigeria. This license enables Cellulant (www.Cellulant.io) to continue providing online and offline payment solutions, including collections, check-out, biller aggregation, and payout services securely
In furtherance of its strategic objectives, leading Nigerian bank, Fidelity Bank Plc, has announced the appointment of Mrs. Pamela Shodipo as Executive Director, South Directorate following regulatory approval by the Central Bank of Nigeria. Pamela joins the Board of Fidelity Bank Plc with over 25 years multifunctional and cross-border banking experience at leading financial institutions
