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…

Six ways to use your debit cards safely

Nike Popoola Aderemi Jacobs never forgets to take his bank debit cards with him because of its convenience whenever he needs to withdraw from the Automated Teller Machine. He will, however, not use the debit cards to pay for items on the Point of Sale terminals; he prefers to go to the ATM to first…

Nike Popoola Aderemi Jacobs never forgets to take his bank debit cards with him because of its convenience whenever he needs to withdraw from the Automated Teller Machine. He will, however, not use the debit cards to pay for items on the Point of Sale terminals; he prefers to go to the ATM to first…

MOBILE APPS KILL COUNTERTOP CHECKOUT

Question: What’s the biggest friction consumers face paying for things in a store? Answer: Standing in line waiting to checkout. And all of the mobile payments apps in the world that substitute a tap for a swipe (and now the dreadful dip) won’t change that. In fact, it might even make it worse since there…

Question: What’s the biggest friction consumers face paying for things in a store? Answer: Standing in line waiting to checkout. And all of the mobile payments apps in the world that substitute a tap for a swipe (and now the dreadful dip) won’t change that. In fact, it might even make it worse since there…

TOP 10 PAYMENT TRENDS FOR 2016

With 2016 set to be yet another defining year the mobile payments, we have taken time to reflect on 2015 and what we can expect to see in 2016. Last year, we saw the UK welcome numerous innovative and alternative payment methods, such as Apple Pay and Samsung Pay, and further expansion is anticipated for…

With 2016 set to be yet another defining year the mobile payments, we have taken time to reflect on 2015 and what we can expect to see in 2016. Last year, we saw the UK welcome numerous innovative and alternative payment methods, such as Apple Pay and Samsung Pay, and further expansion is anticipated for…