Visa is looking to displace cash in Africa wherever they can by introducing and familiarising people to various e-payment technologies. This is according to Mandy Lamb, Visa’s Country Manager for South Africa, who held a media briefing last week to discuss Visa’s plans in Africa. Mandy pointed out that one must no longer think of
The Central Bank of Nigeria (CBN) has announced new guidelines that will subject banks using third party electronic payment solutions not been licensed by the central bank NGN10 million (US$60,000). The new guidelines on spell out the roles and responsibilities of all stakeholders in the end-to-end electronic payment of salaries, pensions, suppliers and taxes. “When
The state of Akwa Ibom in southern Nigeria has introduced online payment for all legal fees, becoming the first Nigerian state to introduce e-payments in its judiciary arm. The state has also acquired an e-Judiciary enterprise resources planner (ERP), an electronic application that handles court processes. According to the chief judge of the state Justice
Kenya Commercial Bank (KCB) Group and Postal Corporation of Kenya (PCK) have entered into a strategic partnership to share payment infrastructure and capitalise on their expansive branch networks locally in line with the bank’s financial inclusion agenda. PCK recently launched its PostaPesa e-payment solution and the partnership will see KCB be the official Settlement Bank
Cross River state, Halogen Security Limited, Federal Inland Revenue Service (FIRS) and Igabi Local Government Area in Kaduna state have emerged winners at the maiden edition of the International Conference on Payment Systems. In a statement, Interswitch said the recipients bagged the awards for their adoption of e-payment. “All four have been recognized by the
