CeBIH November Newsletter

Financial exclusion has manifested prominently in Nigeria with the bulk of the money in the economy staying outside the banking system. The issue of financial exclusion has therefore been a major economic challenge that has received the attention of the various governments over the past four decades due to increased literacy and government policies directed…

Financial exclusion has manifested prominently in Nigeria with the bulk of the money in the economy staying outside the banking system. The issue of financial exclusion has therefore been a major economic challenge that has received the attention of the various governments over the past four decades due to increased literacy and government policies directed…

Point of View: Regulating The Fintech Revolution

What was previously a relatively innocuous industry sector, the financial technology (or “Fintech”) industry has exploded over the past few years. With the litany of new Fintech startups and existing Fintech businesses, and even Fintech specific incubators and accelerators popping up, the Fintech revolution is clearly in full effect. As with any fast growing industry…

What was previously a relatively innocuous industry sector, the financial technology (or “Fintech”) industry has exploded over the past few years. With the litany of new Fintech startups and existing Fintech businesses, and even Fintech specific incubators and accelerators popping up, the Fintech revolution is clearly in full effect. As with any fast growing industry…

Digital banking’ll drive economic growth –Adeyinka

 Tweet  Share Pin it +1   Adeyinka   The Chief Digital Officer, Alat by Wema Bank Plc, Mr. Dele Adeyinka, talks about the evolution of digital banking in the country and how it will drive economic growth in this interview with JESUSEGUN ALAGBE Some years ago, nobody thought we would be conducting banking transactions via mobile phones.…

 Tweet  Share Pin it +1   Adeyinka   The Chief Digital Officer, Alat by Wema Bank Plc, Mr. Dele Adeyinka, talks about the evolution of digital banking in the country and how it will drive economic growth in this interview with JESUSEGUN ALAGBE Some years ago, nobody thought we would be conducting banking transactions via mobile phones.…

Wema Bank Launches Digital Banking

WEMA Bank Plc has launched Nigeria’s its full digital banking service, named ‘ALAT’, which it says, signifies the beginning of a revolution in the banking industry; one where the needs of customers are met using technology to provide cheaper, faster and better services. At the moment, a large part of banks’ digital initiatives looks at delivering…

WEMA Bank Plc has launched Nigeria’s its full digital banking service, named ‘ALAT’, which it says, signifies the beginning of a revolution in the banking industry; one where the needs of customers are met using technology to provide cheaper, faster and better services. At the moment, a large part of banks’ digital initiatives looks at delivering…

Ingenico ePayments Launches TapHero For Online Payments Via Mobile

Ingenico ePayments, the online and mobile commerce division of Ingenico Group, and Ingenico Labs, its innovation department, announced Tuesday (Oct. 25) they have jointly developed a completely new way to make secure online payments on a mobile device, simply by tapping a payment card against it. In a press release, the company said TapHero is a new,…

Ingenico ePayments, the online and mobile commerce division of Ingenico Group, and Ingenico Labs, its innovation department, announced Tuesday (Oct. 25) they have jointly developed a completely new way to make secure online payments on a mobile device, simply by tapping a payment card against it. In a press release, the company said TapHero is a new,…

ECOBANK TARGETS 100 MILLION CUSTOMERS WITH MASTERPASS

The Ecobank Group has signed a Memorandum of Understanding (MoU) with Mastercard to roll-out Masterpass QR, a mobile payment solution, across 33 African countries. This new agreement will give Ecobank the scale and capacity to achieve its 100 million customer ambition in a profitable and sustainable way by 2020. The MoU signals the largest Masterpass…

The Ecobank Group has signed a Memorandum of Understanding (MoU) with Mastercard to roll-out Masterpass QR, a mobile payment solution, across 33 African countries. This new agreement will give Ecobank the scale and capacity to achieve its 100 million customer ambition in a profitable and sustainable way by 2020. The MoU signals the largest Masterpass…

Instant fund transfer tops e-payment transactions with N22.6trn in 8 months

Instant electronic fund transfer, otherwise known as instant payments (NIPs), seems to be the darling of Nigerians when it comes to alternative cash payments in the country as about N22.6trillion passed through the platform in eight months. Industry figures obtained from the Central Bank of Nigeria (CBN), from January to August 2016, show that Point…

Instant electronic fund transfer, otherwise known as instant payments (NIPs), seems to be the darling of Nigerians when it comes to alternative cash payments in the country as about N22.6trillion passed through the platform in eight months. Industry figures obtained from the Central Bank of Nigeria (CBN), from January to August 2016, show that Point…

In July, Nigerians Transacted N59bn via PoS Alone.

According to the Nigeria Inter–Bank Settlement System (NIBSS), the value of transactions recorded in July alone via PoS merchants across the country rose to N59 billion representing a N4 billion increase. The volumes of transactions were recorded from over 62,000 active terminals out of the 121,785 POS terminals deployed. According to  Mrs. Regha Onajite, chief…

According to the Nigeria Inter–Bank Settlement System (NIBSS), the value of transactions recorded in July alone via PoS merchants across the country rose to N59 billion representing a N4 billion increase. The volumes of transactions were recorded from over 62,000 active terminals out of the 121,785 POS terminals deployed. According to  Mrs. Regha Onajite, chief…

CeBIH chairman pledges to grow adoption of e-payment

Newly elected Chairman, Committee of E-Banking Industry Heads, (CeBIH), Mr.  Dele Adeyinka has pledged to focus on growing the adoption of electronic payment technologies in the country. He stated this in Lagos after the election of new executives to run the affairs of the group. Adeyinka, who is also the Head of e-Business, Wema Bank,…

Newly elected Chairman, Committee of E-Banking Industry Heads, (CeBIH), Mr.  Dele Adeyinka has pledged to focus on growing the adoption of electronic payment technologies in the country. He stated this in Lagos after the election of new executives to run the affairs of the group. Adeyinka, who is also the Head of e-Business, Wema Bank,…

How to identify fraudulent bank emails

Nike Popoola Internet fraudsters are desperately devising different techniques to confuse customers of banks who make use of electronic system in order to have access to their funds and swindle them. One major way is to intercept their online transactions to get information about the account holders. Often times, they send junk mails to a…

Nike Popoola Internet fraudsters are desperately devising different techniques to confuse customers of banks who make use of electronic system in order to have access to their funds and swindle them. One major way is to intercept their online transactions to get information about the account holders. Often times, they send junk mails to a…