2018 was a year of tremendous technological innovation and landmark shift in thinking. On the other hand, it was plagued with several high profile privacy and cybersecurity breaches within and outside Nigeria. One of the most prominent security breaches was the Facebook data scandal. Cambridge Analytica acquired personally identifiable information of up to 87 million […]
Ecobank The Pan-African bank has announced the appointment of MFS Africa as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The partnership allows Ecobank customers to send and receive money to and from over 170 million mobile money users through an integration with MFS Africa that covers all Telcos in the MFS […]
Mastercard and DPO Group have announced a collaboration to enable more than 40,000 African merchants to accept Mastercard payments, connecting more people and businesses to the global economy. The collaboration will enable DPO to act as a Pan-African switch by using the Mastercard Payments Gateway Services (MPGS). DPO will now be able to independently authorise […]
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The Committee of e-Business Industry Heads (CeBIH) is set to host the 3rd Quarter 2018 Edition of the Point of Sale (PoS) Innovation Summit, an event which drives innovation in the PoS cashless payment sector in collaboration with Global Accelerex Limited on Wednesday September 19, 2018 at the Wheatbaker, Ikoyi, Lagos at 11 a.m. This […]
Committee of E-Business Industry Heads (CeBIH) will promote digital solutions targeted at the bottom of the pyramid in a bid to expedite access to financial services across the country. Newly elected Chairman CeBIH, Mr. Stanley Jacob stated this in his acceptance speech at the election of new executives held in Lagos at the Keystone Bank headquarters. Stanley, who is also the […]
Biometric smart cards are emerging as the next innovation in payment cards. According to ABI Research the payment card is here to stay and fingerprint authentication within the card is the next natural evolution to retain convenience while increasing security. So, let’s take a look at the potential and status of the technology to understand why 2018 […]
SimbaPay – a London based digital money transfer provider – has announced the launch of an AI (Artificial Intelligence) powered chatbot service which now makes International Money Transfer (remittance) possible with only an SMS. The SimbaPay chatbot will also enable 24/7 instant customer service for its customers across Africa and Europe. “We’re thrilled at the […]
When you need to send or receive money fast, a wire transfer might be the right tool for the job. Wire transfers are immediate, reliable, and safe, according to www.thebalance.com. For significant transactions — like buying a home — wire transfers or cashier’s cheques might be your only options. Why? The short answer is that the […]