Nigeria’s Secapay, Wallet.ng among finalists of Ecobank Fintech Challenge 2018
Businessam Staff
August 8, 2018
Ecobank Group has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The Ecobank Fintech Challenge is designed in partnership with the advisory firm Konfidants and is supported by partners across Africa and the world. The list of the finalists includes eleven (11) fintech start-ups […]
IMF expands fintech advisory group to step up analytics on technology innovation
Businessam StaffJune 4, 2018
Christine Lagarde, the managing director of the International Monetary Fund (IMF) announced Monday the expansion of the Fund’s High Level Advisory Group on Finance and Technology, to strengthen the representation of national authorities and international organizations. The group is composed of 19 members who are highly-experienced experts and respected leaders in the field of finance […]
African regulators urged to support blockchain to transform continent’s farming, commodity trading
Businessam StaffMay 9, 2018
The regulatory environment in Africa has been urged to support blockchain technology for transformation of farming and commodities trading on the continent. Sandra Ro, CEO of the Global Blockchain Business Council (GBBC) and chief operating officer of London-based UWINCorp Ltd, the blockchain business aiming to transform farming and commodity trading in the developing world, said […]
UBA partners MasterCard, introduces ‘Quick Response’ digital payment collection solution for SMEs
Businessam StaffMay 7, 2018
Pan African Financial institution, United Bank for Africa (UBA) has again disrupted the e-payment space with the introduction of Master Pass ‘Quick Response’ (QR) Bot. The revolutionary solution enables the micro, small and medium enterprises (MSMEs) in Nigeria and across Africa to receive digital payments from their customers through scanning, using their Facebook account. Developed […]
Digital technology to bridge financial inclusion gap
Goddey OdinApril 22, 2018
Digital technology is seen to have a huge potential of bringing financial services to underserved adults, and as such bridging the gap in financial inclusion, according to Gallup, Inc. Access to financial products and services is becoming more attainable than ever, especially for consumers that live in rural locations or regions without the structures of […]
Nigeria Senate champions fintech growth to accelerate financial inclusion
Businessam StaffApril 20, 2018
Bukola Saraki, the Nigeria Senate President, has assured that the Senate is working to ensure the growth of digital financial technology (FinTech) in the country to deepen financial inclusion for all. According to a statement signed by Sanni Onogu, Saraki’s chief press secretary, in Abuja, the president gave the assurance while speaking before the Africa […]
Walmart partners Moneygram in new global money transfer service
Businessam StaffApril 3, 2018
Walmart, the world’s largest company by revenue, is teaming up with Moneygram to provide a global money transfer service, which offers low flat fees to send money anywhere in the world. Four years ago, Walmart stepped into the money transfer business with its domestic service Wallmart2Walmart, which according to the company has saved customers nearly $700 […]
Blockchain expands beyond bitcoin to Amazon, Nvidia, Alibaba
Businessam StaffMarch 5, 2018
Bitcoin and cryptocurrencies’ underlying blockchain technology has been gaining popularity among big firms from Amazon to Alibaba Group to Nvidia and Mastercard. What do these top-rated stocks have in common? They’re involved with blockchain in one way or another and see huge potential in the technology, not to mention cost savings, operational efficiencies, and increased […]
Fidelity Bank session at Social Media Week to discuss digital revolution
Businessam StaffMarch 1, 2018
A Fidelity Bank session at the ongoing social media week in Lagos Nigeria, holding Friday, will focus on digital revolution with the session being organised around the topic, ‘The Millennial Takeover: How Millennials Are Changing The Financial Landscape,” the bank said in a statement issued Thursday. The bank said its decision to participate in the […]
Digital currency regulation is ‘inevitable,’ says IMF chief
Businessam StaffFebruary 11, 2018
Christine Lagarde,International Monetary Fund chief, said it’s only a matter of time before cryptocurrencies come under government regulation. Lagarde told John Defterios, CNNMoney emerging markets editor, that “It’s inevitable. It’s clearly a domain where we need international regulation and proper supervision.” “There is probably quite a bit of dark activity [in cryptocurrencies],” she added at […]