Digital payment improves as mobile money accounts surpass 1bn mark
Omobayo Azeez
April 6, 2020
![Cashless: CBN introduces measures to promote e-payment](https://www.businessamlive.com/wp-content/uploads/2019/12/e-transact-1.png)
As Nigerian banks execute N48.54trn e-payments in Q3’19 pay By Omobayo Azeez As the end 2019, total mobile money services surpassed one billion accounts globally, the Global System for Mobile Communications Association (GSMA) has revealed. According to the newly unveiled annual ‘State of the Industry Report on Mobile Money’ by the body, 2019 marked a major […]
Lagos Fintech Week 2020 delayed till September over COVID-19
Omobayo Azeez
March 19, 2020
![Lagos Fintech Week 2020 delayed till September over COVID-19](https://www.businessamlive.com/wp-content/uploads/2020/03/Fintech-1.jpg)
By Omobayo Azeez The organiser of Lagos Fintech Week has postponed the 2020 edition of the weeklong activity of fintech events due to the outbreak of the Coronavirus (COVID-19). Covid-19 has been declared as a global pandemic by the World Health Organization (WHO) and every party, ranging from public to private sectors is avoiding giving […]
FG’s digital economy agenda on track, Pantami assures
Omobayo Azeez
March 11, 2020
![FG’s digital economy agenda on track, Pantami assures](https://www.businessamlive.com/wp-content/uploads/2020/03/SPIDER.jpg)
…As NCC, partners commence capacity building on ICT regulation By Omobayo Azeez The National Digital Economy Policy and Strategy (NDEPS) unveiled by President Muhammadu Buhari on November 28, 2019, is well-conceived and on track, Isa Pantami, minister of communications and digital economy has said. He added that the digital economy agenda was built on objectives […]
Nigerian FinTech majors PARTNER to deepen e-payment in Africa
Omobayo Azeez
March 10, 2020
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By Omobayo Azeez Two of Nigeria’s biggest fintech players, Paga and Flutterwave, have partnered to simplify and deepen payment solutions in Nigeria and across the African continent. The collaboration involves Flutterwave, an international merchant payment service, adding Paga as a payment option on its platform, thereby giving the latter’s customers the opportunity to pay a […]
Carbon supports startup techs in Nigeria, others with $100,000 disrupt fund
Kenneth Afor
February 19, 2020
![](https://www.businessamlive.com/wp-content/uploads/2020/02/images-93.jpeg)
Kenneth Afor Carbon, a leading FinTech firm in Africa has introduced Disrupt Fund with a $100,000 grant to enable young technology entrepreneurs in the continent kick-start their innovative inventions without delays. According to a statement issued by Carbon, it will invest the sum of $10,000 to any startup with five percent equity and provide access […]
Nigeria needs ICT to conquer insurgency, emergencies, says Danbatta
Omobayo Azeez
February 5, 2020
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By Omobayo Azeez Nigeria must leverage and appropriately deploy telecoms and ICT resources in the fight against insurgency and to contain other emergencies, said Umar Danbatta, the executive vice chairman (EVC) of the Nigerian Communications Commission (NCC). He said this reality explained commission’s insistence on compliance by all stakeholders to the guidelines governing SIM […]
FinTech Partners: Nigeria miles away from financial inclusion
Businessam Staff
December 13, 2019
![Financial Inclusion: CBN issues licences to 15 mobile money operators](https://www.businessamlive.com/wp-content/uploads/2019/12/fintech-1.jpeg)
Nigeria’s journey to becoming the Giant of Africa, especially in financial inclusiveness, is farther than it appears, as its payments market fell behind other African nations like Kenya, and South Africa in FT Partners’ FinTech Industry Research; only 6% of the nation’s bankable population has mobile money accounts. The report, rated the most populous black nation behind Kenya’s 73% and South Africa’s 19%. Also, Nigeria’s Smartphone penetration (27%), accounts in financial institutions (39%) and debit/credit card ownership (35%) all fell behind Kenya’s 60%, 56%, […]
Nigerians’ apathy to .ng denies economy potential revenue
Omobayo Azeez
November 12, 2019
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By Omobayo Azeez Low registration for Nigeria’s top level domain name, .ng, is responsible for loss of money to foreign economies by the Nigeria state, Business A.M has gathered. This notion persists even has Nigerian identity on the internet, .ng, rose by 18 per cent year-on-year to hit 149,508 as at the end […]
Visa launches payment security suite; advocates holistic protection of ecosystem
Businessam Staff
November 6, 2019
![Visa launches payment security suite; advocates holistic protection of ecosystem](https://www.businessamlive.com/wp-content/uploads/2019/11/VISA-2.jpg)
By Omobayo Azeez Global digital payment service provider, Visa, has introduced a suite of innovative security capabilities to prevent electronic payment fraud, harping on complete protection of the electronic payment ecosystem. The new cybersecurity suite launched at Visa’s Central & Eastern Europe, Middle East and Africa (CEMEA) Security Summit 2019 in Barcelona, Spain, is designed […]
Airtel Africa partners Finablr to widen cross-border payments to 100 countries
Omobayo Azeez
October 22, 2019
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By Omobayo Azeez Telecoms services provider, Airtel Africa, and global payment and foreign exchange platform, Finablr, have inked a partnership agreement to leverage their strengths to facilitate inbound and outbound cross-border payments. A statement jointly signed by the duo on Tuesday, explained that as result of the arrangement, Airtel Africa mobile money operations […]