MasterCard and eTranzact Make it Easier for Millions of Nigerians to Receive Remittances

Posted on by Staff Writer | 8673 Views | 9 min read

MasterCard announced an agreement with eTranzact International plc, a leading pan-African mobile banking and payment services company, to make international remittance services available to millions of consumers in Nigeria. Under the agreement, citizens will be able to securely receive international remittances into their eTranzact mobile money wallets or select bank accounts through the international transfer

UBA Takes Banking to Facebook with U-Social

Posted on by Staff Writer | 10883 Views | 14 min read

United Bank for Africa (UBA) Plc has introduced an innovative online banking solution called U-Social, which offers flexibility and convenience to customers who desire to do banking transactions on social media using their Facebook account. U-Social is designed to promote financial inclusion and to make the bank’s services available to customers regardless of the time

MasterCard to Drive Innovation in Nigeria’s Payments Industry

Posted on by Staff Writer | 6776 Views | 8 min read

MasterCard Worldwide announced that it will work with customer financial institutions and the government to bring more innovation to commercial transactions and payment solutions to Nigerian consumers. Vicky Bindra, president, Asia/Pacific, Middle East & Africa, MasterCard Worldwide, who was recently in Nigeria on a two day visit, shared this at a dinner in Lagos. At

Diamond Bank Introduces Fingerprint Recognition to its Mobile App

Posted on by Staff Writer | 10597 Views | 7 min read

Diamond Bank Plc, has announced the launch of a fingerprint recognition feature on its Diamond Mobile App. The service, an iOS Touch ID, is a fingerprint reader that allows users of the Mobile App an easy and seamless login to their accounts by simply recognizing and identifying their individual fingerprints. Speaking on the new feature,

UBA Wins Big at the MasterCard Cashless Champions Awards

Posted on by Staff Writer | 8754 Views | 8 min read

United Bank for Africa (UBA) Plc has emerged winner in three categories of the maiden edition of the MasterCard Cashless Champion Awards. The initiative was launched in October 2014 by global payments technology company, MasterCard, and is aimed at encouraging the adoption of cashless, hassle-free way of life. UBA won in three out of six

Interswitch Launches Us$10 Million E-Payment Growth Fund

Posted on by Staff Writer | 11845 Views | 7 min read

Interswitch, a leading Pan-African integrated payment provider has launched a new USD 10 million ePayment Growth Fund. The fund is intended to serve as a catalyst for funding innovation and disruptive business concepts within the payment industry across Africa. Interswitch is seeking to collaborate with African entrepreneurs and start-up businesses developing innovative products and services

CBN Grants Payment Terminal Service Provider Licence to Computer Warehouse Group

Posted on by Staff Writer | 5664 Views | 13 min read

Computer Warehouse Group Plc (CWG), the leading Pan-African ICT Company has been issued the license to perform the activities of Payment Terminal Service Provider (PTSP) to Point-of-Sale terminals (PoS) in Nigeria by the Central Bank of Nigeria (CBN). This followed a visit by a delegation of the Apex bank to CWG late last year to

Orange and Ecobank Launch Money Transfer Service in Africa

Posted on by Staff Writer | 31090 Views | 11 min read

Orange and pan-African banking group Ecobank have rolled out a service that will enable Orange Money subscribers who also have bank accounts with Ecobank to transfer money between their respective accounts. The service has already been launched in Mali and will be rolled-out in several other African countries, including Cameroon, Côte d’Ivoire, Guinea Conakry, Niger,

Central Bank of Nigeria Implements Two-Factor Authentication in Banks

Posted on by Staff Writer | 9235 Views | 5 min read

The Central Bank of Nigeria (CBN) has ramped up its anti-electronic-fraud campaign with the implementation of a two-factor authentication requirement for deposit money banks. The initiative has been implemented in an effort to reduce the level of electronic fraud, a major component of which has been traced to increased insider abuse. The apex bank, in

SecureID Announces the Commissioning of SecureCard Manufacturing

Posted on by Staff Writer | 9241 Views | 14 min read

SecureID Limited, an industry leader in smart card supply and personalization business, announces the launch of its new and first polycarbonate plant in Africa called SecureCard Manufacturing. This ultra modern plant focuses on the polycarbonate card body production and high security designs which confirms a successful fulfillment of another milestone in the backward integration of