Financial Inclusion Does not only mean Walking into a Bank or Using a Phone to Make Transactions – NDIC

The managing director and CEO of Nigeria Deposit Insurance Corporation [NDIC] Alhaji Umar Ibrahim said that the Central Bank of Nigeria [CBN] financial inclusion strategy is more than having engagements with the bank. Ibrahim said, “Financial inclusion does not only mean walking into a bank or using a phone to make transaction, but also allowing the citizen…

The managing director and CEO of Nigeria Deposit Insurance Corporation [NDIC] Alhaji Umar Ibrahim said that the Central Bank of Nigeria [CBN] financial inclusion strategy is more than having engagements with the bank. Ibrahim said, “Financial inclusion does not only mean walking into a bank or using a phone to make transaction, but also allowing the citizen…

Beyond Mobile Payments: Going up The Value Chain of Fintech in Africa

Amadou Sy Sub-Saharan Africa has become the global leader in mobile money adoption, usage, and innovation. The challenge now is to go beyond the success in payments to meet the unmet demand in the region for other, underdeveloped financial services that can facilitate the digitalization of other segments of the economy. In a new report, my colleagues…

Amadou Sy Sub-Saharan Africa has become the global leader in mobile money adoption, usage, and innovation. The challenge now is to go beyond the success in payments to meet the unmet demand in the region for other, underdeveloped financial services that can facilitate the digitalization of other segments of the economy. In a new report, my colleagues…

Nigeria Cyber Security Outlook 2019

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…

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…

Eight rules for safe digital banking

Since payment alternatives such as Unified Payment Interface, e-wallets and USSD-based mobile banking through different platforms are directly or indirectly linked to the user’s bank account, one needs to be extra careful to keep hackers at bay, according to the Chief Executive Officer of BankBazaar, Adhil Shetty. Several countries of the world have seen a…

Since payment alternatives such as Unified Payment Interface, e-wallets and USSD-based mobile banking through different platforms are directly or indirectly linked to the user’s bank account, one needs to be extra careful to keep hackers at bay, according to the Chief Executive Officer of BankBazaar, Adhil Shetty. Several countries of the world have seen a…

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…