OROBO and OpenWay to Power Cross-Border Money Transfers to West Africa

Posted on by Staff Writer | 7422 Views | 10 min read

OROBO, the newly-launched money transfer platform from Saana Holdings, is opening up cross-border remittance and bill-payments into Nigeria, Ghana, Kenya, Serria-Leone and supporting financial inclusion in West Africa. The WAY4 digital payments platform provided by OpenWay, a top-ranked digital payments software solution provider, will become the technological backbone of this innovative remittance service. OROBO facilitates

Launch of Mobile Money Interoperability in Ghana

Posted on by Staff Writer | 3977 Views | 9 min read

The use of mobile money has witnessed exponential growth over the past 9 years; with a year on year increase in the number of mobile money accounts as well as the volumes and value of mobile money transactions. According to statistics from the Bank of Ghana, the total number of active mobile money accounts increased

Standard Chartered Bank Launches its First-Ever Digital Bank in Africa

Posted on by Staff Writer | 5579 Views | 13 min read

Standard Chartered Bank has announced the official launch of its digital bank in Côte d’Ivoire. This marks the Bank’s first digital bank in Africa and the first-of-its-kind to open in Côte d’Ivoire. Mr. Bruno Nabagné KONE, Minister of Information technologies and communication of the Republic of Côte d’Ivoire, was the guest of honour at the

Zenith Bank Partners Facebook and Mastercard to Pioneer QR Payments on Facebook Messenger

Posted on by Staff Writer | 3499 Views | 5 min read

Zenith Bank has confirmed that it is in a strategic partnership with Facebook and Twitter to launch a Masterpass QR bot for Facebook messenger, that will enable Nigerian businesses set up digital accounts and accept QR payments. QR Payments (Quick Response Payments) will allow individuals and small business make and receive payments in real time

FirstBank CEO, Adesola Adeduntan named African Banker of the Year

Posted on by Staff Writer | 3336 Views | 6 min read

Dr. Adesola Adeduntan, the Managing Director/CEO of First Bank of Nigeria Limited & Subsidiaries, has been named the African Banker of the Year in the African Leadership Magazine Persons of the Year Award which took place in Johannesburg, South Africa on Saturday, February 24, 2018. He was also inducted into the African Leadership CEOs Hall

Lagos State Partners with Interswitch to Provide Omni-channel Digital Payment Solutions

Posted on by Staff Writer | 3310 Views | 20 min read

As part of the Lagos State Government’s strategic vision to embrace a digital future through the adoption of innovative technology and processes across all spheres of governance and public-sector service delivery, the Executive Governor of Lagos State Mr. Akinwunmi Ambode announced on Monday, February 19 that effective from the 1st of March 2018, the State

Mastercard and M-KOPA Unveil Payment Technology to Extend pay-as-you-go Solar Program in Africa

Posted on by Staff Writer | 6736 Views | 12 min read

Mastercard and M-KOPA have entered into a partnership that will provide Africans living without electricity a simple way to light up their homes and businesses. M-KOPA, which already provides affordable, safe and clean energy to 3 million people in East Africa, will pilot Mastercard’s Quick Response (QR) payment technology in Uganda to extend the reach

FirstBank ATMs Account for 37 Percent of Bill Payments on ATMs in Nigeria

Posted on by Staff Writer | 3610 Views | 11 min read

First Bank of Nigeria Limited, Nigeria’s most valuable bank brand has again validated its leadership position with the efficiency and creativity of the Bank’s Automated Teller Machines (ATMs) as it presently accounts for 37 percent of bills payment services on ATMs in Nigeria’s banking industry. In 2017, about 402,102 bill payments were made through the

AFRRI 2017 Financial Services in Africa: Disruption vs Leapfrogging

Posted on by Staff Writer | 3879 Views | 13 min read

The 2017 African Financial Retail Readiness (AFRRI) Report looks at the relationship between technology and financial retail services in Africa. Produced by Calleo, a South African based marketing consultancy, in consultation with iVeri Payment Technologies, a leading global payment solution provider, the report gives a thorough analysis of the key metrics that are required for

FirstBank Processes over N1 Trillion on its 894 Quick Banking Channel

Posted on by Staff Writer | 3351 Views | 10 min read

First Bank of Nigeria Limited has recorded giant strides in its Financial Inclusion services delivery, via its 894 quick banking, a USSD based channel that enables customers to access banking services using any type of phone and without data/internet. The 894 banking scheme, which is the fastest growing USSD scheme in the market, grew by