Domestic networks continue to drive financial inclusion worldwide but face an ongoing challenge to stay up-to-date on card functionality and flexibility 2% of all card expenditure is through local payment networks RBR’s Global Cards Data and Forecasts to 2027 study found that the share of spending made on domestic network cards was unchanged at 2%
In December 2015, the share price of First Bank of Nigeria Limited was trading around N4.8 band. About seven years later, precisely last December, the value held tightly to N15, growing by over threefold amid general asset and economic doldrums. The steep rise in the valuation of the financial institution deviates remarkably from the average
By Mxolisi Msutwana – Chief Operating Officer at Baxi All around the world, governments are trying to encourage cashless payments. Their reasons for doing so are multiple, including expanded financial inclusion and transparency, wanting to formalise the informal economy, and to drive economic growth and innovation. Nigeria is no exception. By the end of 2022,
OMCs can now track and reconcile transactions easily, increasing their operational efficiency by 50% Tingg by Cellulant In-Store solution is transforming the digital payments space in Ghana by providing Oil Marketing Companies (OMCs) with a single payment collection point across multiple payment options and channels, ensuring real-time settlement. This advancement allows OMCs in the country
By launching these cards, Access Bank has improved its overall offering to its retail and private bank customers In maintaining its leadership status as Nigeria’s most innovative bank, Access Bank has unveiled two new consumer credit cards: the Access Bank American Express Gold Card and the Metal Platinum Card. These are the first American Express
Ecobank Group, the leading Pan-African banking Group, has unveiled its ‘Ecobank Single Market Trade Hub’ today as part of its commitment to promoting intra-African trade. The Ecobank Single Market Trade Hub (the “Trade Hub”) is live, with over 300 businesses from 22 countries having signed onto the digital platform so far. The Trade Hub connects
Shareholders of leading financial institution, Fidelity Bank Plc, have commended the board and management of the bank for delivering an exceptional performance in FY 2022. This was made known at the bank’s 35th Annual General Meeting (AGM) held virtually on Tuesday, May 23, 2023. Speaking at the AGM, the Chairman Emeritus of the Independent Shareholders
Ecobank Transnational Incorporated (“ETI”), the parent of the Ecobank Group, the leading pan-African bank with a presence in 35 African countries, held its 35th Annual General Meeting (AGM) and an Extra Ordinary General Meeting, today in Lomé, Togo. At the meeting, shareholders approved the accounts and the appropriation of profits for 2022. In addition, shareholders
This move will enable Access Bank to expand its operations in Europe, strengthen its international presence, and deepen its relationships with global clients As part of its strategic moves to boost trade and investment between Africa and Europe, Access Bank Plc, one of Nigeria’s biggest financial services institutions, has established a new subsidiary in Paris,
The Managing Director of GCB Bank PLC, Mr Kofi Adomakoh, has stressed the need for more collaboration between banks and fintechs. He said fintechs and banks working together, cooperation and collaboration is the future of banking. Speaking at the Money Summit, organized by the Business and Financial Times (B&FT) in Accra, Mr Adomakoh added that
