Industry News

Deputy Governor, Operations, Central Bank of Nigeria (CBN), Mr. Adebayo Adelabu and chairman of First Bank Nigeria Limited, Mrs.   Ibukun Awosika will lead banking and electronic payments executives to examine the impact of disruptive technology and future of payment at the 2016 annual retreat of the Committee of Electronic Banking Industry Heads (CeBIH). The theme […]

The impact of the various technological innovations and advancements in the payments system, particularly how payments and banking are done today would be brought to fore at the 2016 retreat of the Committee of Electronic Banking Industry Heads (CeBIH). Tagged: “Disruptive Technology and the Future of Payment”, the event will hold from December 1 and 2, […]

Deputy Governor, Operations, Central Bank of Nigeria (CBN), Mr. Adebayo Adelabu and chairman of First Bank Nigeria Limited, Mrs.  Ibukun Awosika will lead banking and electronic payments executives to examine the impact of disruptive technology and future of payment at the 2016 annual retreat of the Committee of Electronic Banking Industry Heads (CeBIH).  The theme […]

The Chairman, Committee of e-Banking Industry Heads and Chief Digital Officer of Wema Bank Plc, Mr. Dele Adeyinka, tells OYETUNJI ABIOYE about developments in the e-banking space and the need to increase the adoption of e-payment and alternate channels CAN you give an overview of the growth in the e-banking space over the years? The […]

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, […]

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 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 […]

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 […]

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, […]

The Committee of e-Banking Industry Heads (CeBIH) has identified strategies, which it believes the Central Bank of Nigeria (CBN) and Deposit Money Banks (DMBs) can utilise in checking electronic fraud (e-Fraud). CeBIH Chairman, Mr. Tunde Kuponiyi, disclosed this in a paper published in the Nigeria electronic Fraud Forum (NeFF) 2014 annual report, entitled, “e-Fraud: Fighting […]