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
Teasy Mobile Money has successfully deployed the first commercial Near Field Communication (NFC)/Contactless payments solution in Nigeria. This was announced by the Chief Executive Officer of Teasy Mobile Money Musa Ali Baba, who believed that not only will retail payments be easier and faster, customer’s satisfaction will be guaranteed. “We are very excited with the
In pursuit of its Project Alpha plans, United Bank for Africa (UBA) Plc has announced key appointments to drive its quest for industry leadership by 2015. UBA’s Project Alpha is a 3-year road map of key transformation initiatives, designed to reinforce the Group’s strategic positioning and leverage its huge Africa presence to fully exploit the
The Central Bank of Nigeria (CBN) has announced banks have until November 30 to meet specified payment card security specifications, as the bank looks to combat card fraud in Nigeria’s financial system. The move will safeguard personal and account information conveyed in processing card payments. In a circular entitled “Circular on timeline for PCIDSS certification
Guaranty Trust Bank plc has held the 24th Annual General Meeting at which the Bank’s 2013 financial results was presented to its Shareholders. The result which was approved last month by the Central Bank of Nigeria and released to the Nigerian Stock Exchange reported a Profit Before Tax of N107.09 billion. According to information from
Guaranty Trust Bank plc has announced the launch of its new loyalty scheme exclusively for GTBank credit card holders. The loyalty scheme is in partnership with Avios, the leading global travel rewards company. This initiative is part of GTBank’s overall strategy to bring the best in card products to its customers. It will reward international
The chairman of Nigeria’s Committee of e-Banking Industry Heads (CeBIH) Chuks Iku has announced all banks in Nigeria are taking steps to install anti-scheming devices on their ATMs nationwide, in order to protect them against fraud. “For us as an industry, what we agreed to do is that all banks should have anti-scheming device on
Nigeria’s leading payment card company Verve International has announced the launch of a programme called Verve Rewards for cardholders that make purchases on more than 100 online merchant platforms with their Verve cards. The reward programme covers both online and in-store purchases in which buyers can earn instant discounts and cashback. “An Instant Discount enables
