SimplePay Partners With Pliris Mobile in Nigeria

SimplePay, Ltd. Partners With Pliris Mobile to Put SimplePay Mobile Application on all Pliris Phones in Nigeria. From the convenience of your desktop to the palm of your hand, SimplePay has simplified the lives of thousands of connected Nigerians by eliminating physical cash from financial transactions. To help grow their user base, SimplePay has signed

Nigeria Becomes Largest Economy in Africa with $590.9 Billion GDP

Nigeria has become the largest economy in Africa and 26th largest in the world following the rebasing of its Gross Domestic Product from 1990 to 2010 constant prices. Following the recalculation, the Statistician General of the Federation announced on Friday, April 4 that the country’s GDP emerged at $590.9 billion in 2013 up from $285.56

MasterCard and Ecobank Announce Multi-country Agreement in 28 Sub-Saharan African Countries

Ecobank Transnational Inc. and MasterCard, have announced a multi-country licensing agreement which will provide access to MasterCard’s electronic payments solutions for Ecobank’s customers in a further 23 African countries. The agreement is the culmination of a Memorandum of Understanding (“MOU”) originally signed in November 2011, and importantly, enables electronic payments access to more than 60%

Hassan Usman Appointed Acting Managing Director of Jaiz Bank

The Board of Directors of Jaiz Bank PLC has following the resignation of the Managing Director, Muhammed Mustapha Bintube after almost 10 years of meritorious service, announced the appointment of the General Manager in charge of the Bank’s Business Development Group, Hassan Usman as the Acting Managing Director. Hassan is a trained Chartered Accountant and

MasterCard Launches Center to Drive Inclusive Growth Around the World

MasterCard announced the launch of the MasterCard Center for Inclusive Growth.  The Center will conduct and support academic research and provide strategic philanthropic investments that further sustainable and equitable economic growth and financial inclusion around the world. More than a billion people live in extreme poverty, and 2.5 billion adults lack access to formal financial services.  While progress is

Ecobank Signs Agreement to Support SME’s with the African Guarantee Fund

The official signing ceremony for a co-operation agreement between Ecobank Transnational Incorporated (“Ecobank”), the leading pan-African banking group, and the African Guarantee Fund (“AGF”) to promote and support small business across Sub-Saharan Africa occurred recently. Under the terms of this USD 50 million agreement, the two institutions will work together to unlock the potential of

Western Union and eTranzact Launch New Mobile Money Transfer Service in Nigeria

The Western Union Company, a leader in global payment services, and eTranzact International plc, a multi-application and multi-channel electronic payment processing company,  announced the launch of a new mobile money transfer service. Consumers in Nigeria who use the eTranzact Mobile Money platform now have the option of receiving a Western Union Money Transfer® transaction on their

MasterCard and UBA Unveil Personalized Debit Card in Nigeria

MasterCard and United Bank for Africa (UBA) unveiled a personalized debit card in Nigeria, dubbed the UBA “All About U” Card. The unique MasterCard card can be customized with elements such as images, colors and more. The launch of the product in partnership with UBA is in harmony with MasterCard’s vision to advance a cashless

e-Revenue Gateway Partners With ElectraCard Services to Introduce Contactless Electronic Payments in West Africa

ElectraCard Services (ECS), a provider of software and processing solutions for electronic payment systems, powers e-Revenue Gateway (e-RG), a payment processing and electronic transaction switching company, to launch contactless electronic payments in Nigeria. ECS’ PA-DSS compliant platform will help e-RG to launch programs with multiple financial institutions and channels like ATM/ POS/ Internet/ Mobile on