Interswitch Creates Holding Company and Spins Off Two Core Divisions

Posted on by wademinnie | 12909 Views | 14 min read

Interswitch Transnational Holdings, a pan-African integrated payment processing and transaction switching company, announces the spin-off, of two of its core divisions: Verve International  and Switching and Processing, as separate, autonomous businesses. The transaction forms part of Interswitch’s planned strategy to separate its core divisions, allowing each division focus on its core competencies and best facilitate

CIBN Restates Commitment to Development Finance

Posted on by wademinnie | 6215 Views | 8 min read

The Chartered Institute of Bankers of Nigeria has restated its commitment to the development of manpower for the banking and finance industry with a view to ensuring a virile industry and economy. President/Chairman of Council of the Institute, Mr. Segun Aina, said at a press conference held at the Bankers House to commence the activities

GTBank Wins 2013 African Bank of the Year

Posted on by wademinnie | 9710 Views | 9 min read

Guaranty Trust Bank plc was conferred with the 2013 African Bank of the Year Award by the African Banker Magazine at a well attended ceremony on May 29th, 2013 in Marrakech, Morocco. The African Banker Award recognizes financial institutions across the continent that have emerged as industry leaders and continent trend setters, due to good

Sanusi Bags Central Bank Governor Of The Year Award

Posted on by wademinnie | 10765 Views | 13 min read

The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, CON, has been conferred with the 2013 Africa “Central Bank Governor of the Year” Award by the renowned IC Publications Group, in collaboration with Business in Africa Events, at Marrakech, Morocco. The Central Bank Governor’s Award, which is the third for Sanusi

Central Bank of Nigeria Committed to Effective Electronic Payments System

Posted on by wademinnie | 5709 Views | 17 min read

Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, CON, says the Bank remains committed to realizing the vision of providing Nigeria with a secure, robust and accessible payment infrastructure. Mallam Sanusi disclosed this recently in a keynote address to the CBN/Gartner event held at the Protea Hotel Oakwood Park, Lekki, Lagos.

Diamond Bank Group Managing Director/CEO, Wins USAfrica International Banker Of The Year 2013 Award

Posted on by wademinnie | 13874 Views | 5 min read

Dr. Alex Otti, the Group Managing Director/CEO of Diamond Bank, has won the USAfrica Best of Africa 1st International Banker of the Year 2013 award. The trophy was handed to Dr. Otti — on behalf of USAfrica — by the leading candidate for the Mayor of America’s 4th largest city Houston and former city attorney,

Boost to Nigerian Payments System as MasterCard Powers Identity Card Program for 13m

Posted on by wademinnie | 15696 Views | 10 min read

The Nigerian National Identity Management Commission (NIMC) and MasterCard today announced at the World Economic Forum on Africa the roll-out of 13 million MasterCard-branded National Identity Smart Cards with electronic payment capability as a pilot program. The National Identity Smart Card is the Card Scheme under the recently deployed National Identity Management System (NIMS). This

Barclays Bank of Ghana and NCR Provide 24-hour ATM Access to Financial Services

Posted on by wademinnie | 12102 Views | 7 min read

Barclays Bank of Ghana is providing 24-hour access to financial services delivered at the ATM, enabled through NCR Corporation software. Barclays, which has operated in Ghana for more than 95 years, has installed 29 NCR SelfServ 34 ATMs featuring intelligent deposit, allowing Barclays customers to deposit cash without an envelope and get immediate, on-screen validation

British Council Nigeria Launches Online Payments for IELTS Tests

Posted on by wademinnie | 14349 Views | 5 min read
IELTS

The British Council announced the launch of a new online payment system for IELTS (International English Language Testing System) tests in Nigeria. Users can now pay online using their Visa or MasterCard debit or credit cards. IELTS is the world’s most popular English test and is accepted by over 6,000 organizations in 135 countries. Over one

Visa Study Reveals Mobile Money Drives Demand for Financial Services

Posted on by wademinnie | 12702 Views | 27 min read
Visa logo

Multi-country study reveals sophisticated payment needs and behaviors of unbanked consumers in developing economies. Preventing theft, ability to send money quickly drives mobile money adoption. Visa Inc. and Fundamo, the Visa-owned mobile money platform, today announced the results of a study that reveals consumers in six developing countries are already highly aware of mobile money