Pan African Payment and Settlement System (PAPSS) and African Securities Exchange Association (ASEA) Forge Strategic Partnership to Revolutionize Cross-Border Payment of Stock Exchanges in Africa

Posted on by Staff Reporter | 41331 Views | 14 min read

African Export and Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat developed PAPSS, which enables instant cross-border payment in local currency The Pan African Payment and Settlement System (PAPSS) and the African Securities Exchange Association (ASEA) have signed a Memorandum of Understanding (MoU) to enhance collaboration and cooperation in promoting cross-border

Fidelity Bank Records Stellar Performance in FY 2022. Declares Total Dividend of 50K per Share

Posted on by Staff Reporter | 11935 Views | 11 min read

Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income to N295.6bn. The increase in Interest Income was led by a combination of improved yield on

Kaspersky: 37% of Users in Nigeria Lost Money From an Incident Involving Digital Payments

Posted on by Staff Reporter | 11467 Views | 12 min read

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

Building Trust in Digital Payments in Africa

Posted on by Staff Reporter | 23495 Views | 15 min read

While cash and mobile money remain the dominant payment methods in Africa, they come with significant challenges. Cash is inefficient, insecure, and expensive, while mobile money services often lack the necessary regulatory support to operate independently. However, key emerging trends in the sector are helping to drive meaningful financial inclusion across the continent, notes Mark

Unlimint Expands Reach to Nigeria, Offering Cutting-Edge Payment Technology

Posted on by Staff Reporter | 14385 Views | 12 min read

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

Network International Strengthens Partnership with Polaris Bank to Deepen Financial Inclusion, Digital Transformation

Posted on by Staff Reporter | 17750 Views | 11 min read

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

Growing Compliance to Take its Toll on Acquiring Margins Unless Banks Act

Posted on by Staff Reporter | 44425 Views | 19 min read

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

Firstbank Announces a Name Change of its Subsidiaries, Reiterates its Commitment to Boosting Cross-Border Business Opportunities in Africa and the World.

Posted on by Staff Reporter | 21938 Views | 10 min read

First Bank of Nigeria Limited, Nigeria’s premier financial services institution, has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa. FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the first set of subsidiaries effecting the name alignment. They are now known and addressed as FirstBank

GCB Holds A Roundtable Discussion On Women In The Digital Space

Posted on by Staff Reporter | 24709 Views | 8 min read

On the 8th of March 2023, the Corporate Affairs Department in collaboration with the Human Resource Department of GCB Bank PLC organized a Roundtable Talk to commemorate this year’s International Women’s Day. The theme for this year’s celebration was “Embrace Equity – DigitAll: Women in the IT And Digital Space” and the talk focused not

Four Ecobank Affiliates Named Best Trade Finance Provider by Global Finance Magazine

Posted on by Staff Reporter | 31467 Views | 9 min read

Ecobank Burkina Faso, Ecobank Côte d’Ivoire, Ecobank Ghana and Ecobank Rwanda all scoop awards Lomé, 20 March 2023 – Four affiliates of the leading pan-African banking Group, Ecobank Group, have won the coveted ‘Best Trade Finance Provider 2023’ Award in their respective countries. The affiliates, specifically Ecobank Burkina Faso, Côte d’Ivoire, Ghana and Rwanda received this