With Nigeria having recently eclipsed South Africa as the continent’s biggest economy, it is worth taking a look the nation’s progress from the perspective of a service which is indispensable to the modern way of life – electronic payments. And electronic payments, in turn, depend on suitable telecommunications and banking infrastructure. The pace of change
The Western Union Company, has announced the launch of a new web site in Nigeria. The Nigeria launch represents the first receive-enabled Western Union web site, globally. “Western Union is growing its network and increasing consumer access to our services worldwide,” said Khalid Fellahi, senior vice president and general manager, Western Union Digital. “The launch
Guaranty Trust Bank plc has been adjudged the “2014 African Bank of the Year” for the 2nd consecutive time by African Banker Magazine in an announcement made on Wednesday, 21st May, 2014 at the awards ceremony that held at Kigali Serena Hotel, Rwanda. The African Banker Awards is one of the biggest annual events that
Jovago’s customers are responsible for the company’s rapid expansion, according to Nigeria managing director Marek Zmyslowski, who told HumanIPO the company has experienced amazing growth in Nigeria and is now looking further afield. “In order to fulfill the needs of our Nigerian customers travelling abroad and still wanting to use Jovago.com, we have opened offices
On the sides of the just concluded World Economic Forum, the Acting Governor, Dr. Sarah Alade participated at a Media Chat on ‘Promoting Global Financial Inclusion in Africa’. The event which took place at the Barcelona Hotel, Wuse, Abuja on 7th May, 2014 featured Matthew Bishop: US Business Editor and New York Bureau Chief of
The Central Bank of Nigeria (CBN) has partnered with NigComSat to fast-track the bank’s cashless policy through effective and efficient internet services, with the latter to provide Wi-Fi hotspots to local government bodies. Aaron Yaduma, head of CBN’s Shared Services, announced a memorandum of understanding (MoU) had been drafted while speaking at a cashless policy
Sami Lahoud, Vice President – Communications, Middle East and Africa for MasterCard shares his insights into financial inclusion at the World Economic Forum on Africa: This week, MasterCard joins more than 1,000 business leaders, heads of state and government, as well as representatives from academia, development organizations, non-profits and media in Abuja, Nigeria for the 24th
Nigerian e-commerce platform Konga.com has been declared the winner of the Most Innovative and Impactful Retail Award by the Lagos Chamber of Commerce and Industry. Gabriel Gab-Umoden, head of marketing of Konga.com, collected the award on behalf of the company. “On behalf of Konga.com CEO Sim Shagaya and the entire team, we wish to thank
While banking and payments is still considered a mainly a ‘boy’s club’ with few women holding top positions both in Africa and internationally we thought we would highlight some of the woman who are making their mark in the African banking and payments landscape. 1. Maria Ramos – Chief Executive of Africa, Barclays Maria Ramos
MFS Africa has announced the launch of mjara Loans, a mass-market mobile money-based loan product. mjara Loans builds on the company’s existing KwikAdvance salary-advance loan product. The mjara Loans service is available to all MTN Mobile Money users, and will be extended to other mobile networks later this year. MFS Africa research shows that the
