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Sunday, May 31, 2020

Harnessing Mobile Payment to Boost Economic Growth

Not only in Nigeria but across the continent of Africa, mobile penetration has significantly increased. The Jumia Mobile Report 2018 found that Nigeria remains Africa’s largest mobile market, with about 162 million subscribers and a penetration rate of 84%. This has been complemented by...

Nigeria reports 9.5% rise in Point of Sales mobile transaction in 2018

The volume of Point of Sales (POS) activities via mobile devices in Nigeria rose by 95.4 percent in 2018, the Nigeria Interbank Settlement System (NIBSS) has said. Volume of the transactions increased to 285.9 million in full year 2018 from 146.3 million in 2017, figures...

SA’s mobile phone firm to apply for mobile money license in Nigeria

CAPE TOWN, Nov 13 - South African mobile phone group MTN Group plans to apply for payment banking license in Nigeria and launch a service in Africa’s biggest economy by the second quarter of 2019, its chief executive said on Tuesday. “We will be applying...

Key Benefits of Mobile Payments to Increase Sales

By Ogunfowoke, Adeniyi Ayuba When customers come to the register to pay for their meal or purchases, many can now simply hold up their mobile phones instead of pulling out a credit card. Mobile payment has really taken away the requirement that you have to...

Value of mobile money transactions falls by 23% in H1’18

By Elizabeth Adegbesan The value of mobile money transactions through licensed mobile payment operators (interscheme) fell by 23 percent, year-on-year (YoY) in the first half of 2018 (H1’18). The volume of transactions however rose 53 percent within the same period. ADVERTISING...

SystemSpecs’ Remita Payroll launched in Ghana

SystemSpecs, Africa-focused fintech software giant has announced the launch of its Remita Payroll processing solution in Ghana. The introduction of the payroll system, which is designed to make it extremely easy for Businesses, NGOs, SMEs and organisations of any size to effortlessly manage monthly salary...

SmartPhones Are Driving a Surge in Africa Bank Accounts: Chart

An increase in the number of people using mobile phones to bank is boosting financial inclusion in sub-Saharan Africa, where 43 percent of adults had an account last year, compared with 34 percent in 2014. The World Bank’s Global Findex Database shows that regional...

Mastercard acquires Oltio to accelerate digital payments adoption in Middle East and Africa

Mastercard has completed its acquisition of mobile payments technology company Oltio from Standard Bank Group. The acquisition builds on Mastercard’s longstanding relationship with Oltio, a startup that pioneered and patented several mobile payments and banking solutions, including an authentication technology. Today, that technology enables consumers...

Mastercard Launches Masterpass QR bot for Messenger to enable Nigerian businesses to set up digital money accounts and accept QR payments

By Godwin Okafor Mastercard Uses Facebook Messenger to Help Small Businesses Go Digital Launches Masterpass QR bot for Messenger to enable Nigerian businesses to set up digital money accounts and accept QR payments BARCELONA, Spain, March 1, 2018/ -- At Mobile World Congress, Mastercard today announced that...

ETHIX-Net Delivers A New Generation Of Online Banking

Kuwait Finance House Goes Live With (ITS) ETHIX-Net – Alkheshnam International Turnkey Systems Group (ITS), the market leading provider for comprehensive Islamic financial solutions suite, has announced the successful installation of its pioneering ETHIX-Net internet banking modules for Kuwait Finance House, Bahrain (KFHB), further...