TransferTo Drives Further Expansion into Africa with New Senior Appointment

Posted on by Staff Writer | 3050 Views | 9 min read

TransferTo, a leading Cross-Border Mobile Payments Network for emerging markets, has appointed Djibril Diallo as VP Business Development to head operations across West and Central Africa, as the company ramps up its activity across the Continent. TransferTo’s global payments Network interlinks money transfer operators, mobile money operators, mobile wallets providers, banks, financial institutions, NGOs and

Mastercard and Nigerian Business Leaders Commit to Transforming Nigeria’s Cities into Economic Hubs

Posted on by Staff Writer | 3259 Views | 16 min read

With half of Nigeria’s population currently living in cities, it is critical that a development framework is in place to ensure future growth is sustainable. This was a key message highlighted at the Mastercard CEO Conversations dinner held last night, where dialogue focused on: ‘Developing Nigeria’s Smart Cities through Technology Transformation’. Bismarck Rewane, renowned economist

FirstBank Leads Payment Cards Issuance in Nigeria

Posted on by Staff Writer | 3840 Views | 7 min read

First Bank of Nigeria has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country. This makes FirstBank the second bank in Africa to achieve this feat. With this milestone, the Bank currently processes over 30% of the card transactions in the entire

FirstBank Leads Payment Cards Issuance in Nigeria

Posted on by Staff Writer | 3856 Views | 7 min read

First Bank of Nigeria has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country. This makes FirstBank the second bank in Africa to achieve this feat. With this milestone, the Bank currently processes over 30% of the card transactions in the entire

Digital Payments Could Save Ghana Over GHS 1 billion Within Next Four Years

Posted on by Staff Writer | 3261 Views | 15 min read

At an event bringing together key government and business players, the Ghana’s Ministry of Finance and the UN-based Better Than Cash Alliance released a report documenting the country’s progress in creating an economy where everyone can pay and get paid digitally, instead of cash. The results show the country has made significant gains, including almost 100

Digital Payments Could Save Ghana Over GHS 1 billion Within Next Four Years

Posted on by Staff Writer | 3495 Views | 15 min read

At an event bringing together key government and business players, the Ghana’s Ministry of Finance and the UN-based Better Than Cash Alliance released a report documenting the country’s progress in creating an economy where everyone can pay and get paid digitally, instead of cash. The results show the country has made significant gains, including almost 100

First Bank of Nigeria Increases Stake in FBNBank DRC

Posted on by Staff Writer | 3865 Views | 10 min read

First Bank of Nigeria Limited (FirstBank or the Bank), the foremost Nigerian bank, announced the acquisition of the remaining shares in FBNBank DRC Limited (FBNBank DRC), making it FirstBank’s wholly owned Subsidiary. FirstBank said this follows its initial investment in FBNBank DRC (formerly Banque Internationale de Credit) in 2011, when the Bank acquired a 75%

M2M, Key to Unlocking Economic Inclusivity and Innovation in Africa

Posted on by Staff Writer | 3982 Views | 16 min read

As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent. This is according to Jeremy Potgieter, SADC regional head at Eseye, who notes that the financial sector has always been a front runner in technological advancements

M2M, Key to Unlocking Economic Inclusivity and Innovation in Africa

Posted on by Staff Writer | 3577 Views | 16 min read

As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent. This is according to Jeremy Potgieter, SADC regional head at Eseye, who notes that the financial sector has always been a front runner in technological advancements

Allied Exchange Africa Launches a Cross-Network Mobile Money Platform

Posted on by Staff Writer | 3530 Views | 9 min read

Allied Exchange Africa Ltd. has launched its novel digital payment platform, ALEXpay to overcome the lack of cross-network fund transfer and interoperability which currently inhibits the potential of mobile money services in Ghana. According to Mr. Moses Kanduri, COO and Co-founder of ALEXpay, “the increased transactions and cash flows via mobile money transfer service platforms