Mobile contactless payment expected to swell by 24% to $2.5tn in 2021

May 19, 2021

  Zainab Iwayemi   In recent years, the demand for mobile contactless payment options has been on a steep uptrend leveraging on the impetus from the pandemic in 2020. This development is expected to maintain its robust momentum through 2021 and beyond. Research data analyzed and published by ComprarAcciones shows that the market hit a benchmark of […]

Digital, contact-less payment on the rise, MasterCard reports

May 7, 2021

Wale Ameen Research from Mastercard shows that the adoption of new payment technologies is rising and consumers are embracing new, fast and flexible digital payment options. The research contained in it’s recently released consumer index survey reveals that consumers in emerging economies are shifting their spending habits to embrace contactless tap-and-go payments and digital shopping […]

Amazon to establish African H.Q. in South Africa

Online EditorApril 21, 2021

Arakunle Kayode   Amazon has announced that it will establish its African headquarters in Johannesburg, South Africa. The City of Cape Town has confirmed the mixed-use development of R4 billion River Club, which will be the new home to the retail giant Amazon in Africa. This comes up a week after Twitter announced Ghana as […]

Pricepally, Nigeria’s digital food startup secures six-figure funding from two prominent VCs

April 7, 2021

Charles Abuede   Pricepally, an innovative digital food cooperative platform for African cities has secured an undisclosed amount of pre-seed funding from two prominent venture capitalists – Launch Africa Ventures and Samurai Incubate to aid the food tech startup’s drive towards increasing the access of food for African communities is two-fold, it both supports local […]

Access, convenience biggest contributors to fintech adoption in Nigeria

October 13, 2020

Saviour Adugba Access and convenience are the two most important drivers of fintech adoption in Nigeria, a report by McKinsey & Company, the business advisory and consulting firm has stated. There is also a growing trust in fintech because of the participation of mobile network operators, the growth of agent networks, transparency in pricing, customer […]

Significant shift from cash to digital payments a gradual process, say Flutterwave executives

September 30, 2020

Flutterwave

In a lot of ways, the COVID-19 pandemic has thrust forward the importance of online and digital payments and brought to more public familiarity technology payment facilitating companies. Flutterwave, one of the leaders in the payment technology space in Africa, helps provide banks and businesses with seamless and secure payment experiences for their customers “We’ve […]

How Covid-19 spurs growth in MNO’s revenues, e-banking usage

March 23, 2020

How Covid-19 spurs growth in MNO’s revenues, e-banking usage

By Omobayo Azeez Fear emanating from the swift spread of deadly coronavirus disease (Covid-19) may have spurred increase in spend on some telecoms services and adoption of electronic banking systems among Nigerians. Although, some telecommunications companies and banks have been exposed to the negative impacts of the pandemic through channels such as the Nigerian Stock […]