First Bank of Nigeria Limited (FirstBank), Nigeria’s premier and financial inclusion services provider, has launched Verve Flash Promo, a special initiative rewarding customers with free Verve cards. The campaign, which commenced on 6 October 2025, and will run until 30 January 2026, is exclusively targeted at FirstBank customers whose ATM cards have expired. The free […]
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Mastercard has extended its strategic commercial partnership with Smile ID, an identity verification provider in Africa, to accelerate the rollout of secure digital identity solutions across the continent. This partnership will enable banks, fintechs, mobile money operators and other enterprises to onboard new customers faster, reducing identity fraud and expanding access to the financial system. […]
Read MoreInstant payments will surpass the $100 trillion mark in 2029; up from $60 trillion in 2025. This represents substantial growth of 84% over just four years. The Juniper Research said this rapid rise will be driven by two major trends: the increasing adoption of instant payments in Europe, driven by regulation, and the rising usage […]
Read MoreeCommerce payments will exceed $13 trillion globally in 2030; up from $8.3 trillion in 2025. This substantial 57% growth will be driven by emerging markets, with Latin America and the Indian Subcontinent experiencing the fastest growth rates. In these developing regions, access to local payment methods is transforming access to eCommerce, particularly in markets where […]
Read MoreNigerians will now pay $80 or its naira equivalent for every package sent to the US, the Nigerian Postal Service (NIPOST) said on Friday. NIPOST, in a circular, said the move would take effect from August 29, 2025 but disclosed that letters and documents would be exempted from the mandatory prepaid customs fee. It explained […]
Read MoreThe biggest challenges confronting retail bank in Africa remain digital literacy gaps (77%), cybersecurity concerns (55%), and limited internet access (52%), though all are expected to decrease with rising digital adoption and investment. According to a report by Backbase, the global leader in Engagement Banking, in partnership with the African Banker magazine, retail banking also […]
Read MoreSmartCash Payment Service Bank, a subsidiary of Airtel Nigeria, has made a strategic partnership with Leadway Assurance to offer Smartcash users an effortless access to Leadway’s mobile-friendly motor insurance service. The new offering provides a convenient and affordable way for motorists to stay protected and compliant with national insurance requirements. With this collaboration, new and […]
Read MoreAMA PRESS RELEASE The Mastercard Foundation has unveiled a $300 million strategic partnership with UNHCR, the UN Refugee Agency, that will enable more than half a million refugees and displaced youth across Africa to complete their education and 200,000 young people to transition into dignified work by 2030. “This extraordinary commitment comes at a time […]
Read MoreThirteen Nigerian startups are in all the three categories of E-commerce and FinTech, HealthTech, GreenTech for the 45 finalists of Viva Technology 2025 AfricaTech Awards. This year once again, Nigeria confirms its dynamism with the highest representation among the 56 African countries in the running. 110 Nigerian applications were received, a 70% increase over last […]
Read MoreTech entrepreneur and Chairman of Zinox Group, Dr. Leo Stan Ekeh has introduced a new narrative into the business of brand positioning describing the phenomenon as “Last Mile Takeover”. Ekeh who spoke an industry gathering hosted by Nigeria’s pioneering Hit Music and Commerce Station, Konga 103.7FM further described the term as the critical differentiator for business success […]
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