Wincor Nixdorf is opening a new representative office in Lagos, the largest city in the western African country of Nigeria. The company is extending its involvement in Nigeria as part of the expansion of its business in the world’s growth markets. Eckard Heidloff, President and CEO of Wincor Nixdorf AG, explained the company’s future presence
United Bank for Africa (UBA) Plc has introduced a personalised debit card called the UBA “All About U” Card which allows Customers carry around their fond memories while using their Debit Cards. The UBA “All About U” Card is an award winning customized Debit MasterCard which gives customers the opportunity to create a one-of-a-kind card
The many hiccups in the use of paper tickets on the Bus Rapid Transit (BRT) and Bus Franchise Scheme (BFS) will be eliminated with the soon-to-be-deployed e-ticketing system, Dr. Dayo Mobereola, Managing Director, Lagos Metropolitan Area Transport Authority (LAMATA) has assured. The pilot scheme commenced on Monday 6th June 2011. Speaking at a stakeholder meeting
Interswitch Transnational, a leading pan-African integrated payments company with operations in Nigeria and a growing presence in West and East Africa, announces that its Switching and Processing division (“Interswitch S & P”) has completed an acceptance and acquiring third party payment processing integration with UnionPay International. As a result of this integration, UnionPay cardholders from
Nigeria’s Access Bank aims to grow its customer base to 15-20 million across its African markets by 2018, from around 6 million now, as it shifts its focus to retail banking. Its incoming chief executive, Herbert Wigwe, who takes over at the end of the year, said retail banking will account for around 50 percent
Aftab Currency Exchange, a remittance and foreign exchange brand with a presence in three continents, has strengthened its bonds with Airtel Communications, a leader in global payments services to extend joint operations in Kenya and Nigeria. Aftab Currency has taken another initiative with Fidelity Bank with an active network of 173 branches across Nigeria to
Mr Seth Terkper, Minister for Finance and Economic Planning in Ghana, has stressed the need to improve confidence in electronic payments systems and infrastructure and to encourage the patronage of alternative payments systems. Mr Terkper said effective payments systems were necessary for the effective implementation of monetary and fiscal policies as well as for financial
Cape Town based Silvertree Capital an Africa-focused business builder and venture capital investor, has recently invested in two of Nigeria’s largest e-commerce sites, Sunglasses.com.ng and Glamour.com.ng. Both of these leading e-commerce sites offer a broad range of top consumer brands to the burgeoning online shopping market and have a free delivery charge throughout the country.
‘Cashless Nigeria’ is a project that was launched by the Central Bank of Nigeria last year in an effort to promote alternative payment methods in Nigeria and reduce the levels of cash being used in the economy. Monica Adoghe of Shared Services, Central Bank of Nigeria, speaking at the Card, ATM and Mobile Expo in
Nigerian banking behemoth Diamond Bank has intensified its focus on delivering financial services to the under-banked in the informal sector by launching its “branchless banking” service on BankOne, a mobile banking application which allows instant account opening and registration. The application is designed and developed by AppZone, a fast-growing technology company. The integration of the
