The total value of POS transactions across payment card terminals expected to grow from $30 trillion in 2026 to $41 trillion in 2031; at a compounded annual growth rate of 6.4%. This growth is driven by the accelerating convergence of in-store, online, and mobile sales onto unified commerce platforms, as merchants retire standalone, static terminals […]
Read MoreinDrive, a mobility and urban services platform, has opened applications for the position of Chief Wahala Officer (CWO). This initiative is aimed at spotlighting the everyday transportation and delivery challenges faced by Lagos residents while celebrating the resilience, humour and ingenuity with which they navigate these issues. According to a statement from the company, the […]
Read MoreExperts in the Q-commerce ecosystem, including Glovo, have highlighted significant growth potential in the global retail sector. This was part of the submissions made by speakers at the recent annual Retail Media Day hosted by Glovo in Barcelona. The event featured a wide-ranging discussion from industry experts on major industry trends and developments, including Glovo’s […]
Read MoreGlovo, a technology platform, and other stakeholders in the e-commerce ecosystem have called for stronger collaboration to promote inclusive growth for small and medium-sized businesses (SMBs) and drive innovation across Nigeria’s e-commerce landscape. President/Chairman of Council, Lagos Chamber of Commerce and Industry, Engr. Leye Kupoluyi, the Nigerian economy is at a defining moment, with commerce […]
Read MoreGlovo, a technology platform, is set to host the second edition of its flagship industry event, the Future of Commerce Summit 2.0. The summit will convene key stakeholders across Nigeria’s technology, digital, and commerce ecosystems, providing a platform for meaningful dialogue on the future of commerce and innovation in the country. Expected attendees include government […]
Read MoreFirst 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 […]
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