Merchant losses from online payment fraud will exceed $362 billion globally between 2023 to 2028, with losses of $91 billion alone in 2028. A rise in eCommerce transactions in emerging markets is driving this growth. Merchants there are facing new threats, such as an increased use of AI for attacks. According to Juniper Research, online […]
Read MoreMTN’s Ayoba messaging app now has more than 25 million people as part of its monthly active users, says the group in a statement. This, according to the telephony group, is up from 20 million monthly active users in December. Launched in 2019, Ayoba is an MTN-owned instant messaging super app, and features peer-to-peer private […]
Read MoreGlovo, a multi-category digital application, has expanded its operations in Nigeria with the opening of a second digital Micro-Fulfillment Centre (MFC) for improved service delivery and better customer satisfaction. Glovo’s Chief Executive Officer (CEO), Mr Oscar Pierre, said this at the innauguration of the centre at MFC in Yaba on Tuesday. Pierre said that the […]
Read MoreChinese e-commerce giant Alibaba Group Holding Ltd. says it plans to split itself into six independently run companies that could seek separate IPOs. This comes just as co-founder, Jack Ma returned to China after spending some months overseas. Under the restructuring, Alibaba’s various businesses will be split up into six major areas: cloud computing, Chinese […]
Read MoreA group Nigerian tech savvy youths have developed a web-based crypto platform to facilitate seamless and borderless means of accepting cryptocurrency payment globally. Known as Coinazer, the Web 3.0 crypto platform was developed out of the curiosity of a young Nigeria tech savvy youth to solve a payment problem. Announcing the launch of Coinazer, the […]
Read MoreThe NFIU said the decision is in accord with Nigeria’s full transition into a cashless economy. The Nigerian Financial Intelligence Unit (NFIU) has banned cash withdrawal for all federal and states accounts, effective March 1, 2023. NFIU Director General, Modibo Tukur, who disclosed this to journalists at a conference in Abuja on Thursday, said the […]
Read MoreKwik Delivery and Total Nigeria Plc, has announces a partnership to develop an e-commerce fulfilment and delivery service in Nigeria. Kwik Delivery and Total Nigeria Plc will enable businesses to use TOTAL service stations as secure pickup locations of essential documents issued by the Corporate Affairs Commission to Nigerian businesses, such as Certificates of Incorporation […]
Read MoreGlobal bank card payment transaction processor Mastercard is increasingly leveraging artificial intelligence (AI) to fend off cyber attacks, hacks and breaches to keep the digital ecosystem safe. In an interview with ITWeb, Robert Brine, director of cyber and intelligence solutions at Mastercard Southern Africa, said AI technology is now protecting consumers, merchants and banks, and […]
Read MoreMondia, a technology company which specialises in the marketing and distribution of digital content and Jumia, Africa’s e-commerce platform, has announced the launch of Jumia Games, a competitively priced entertainment category on the JumiaPay App. In its first phase, the fully branded gaming portal is available in five African countries including Egypt, Nigeria, Morocco, Kenya […]
Read MoreHuawei, in cooperation with digital payment entity, Mondia Pay now offers Direct Carrier Billing service (DCB), for seamless, contactless payments for users in Nigeria and in the MEA region through HUAWEI Mobile Services (HMS). Huawei and smartphone HONOR users in almost 20 countries including, Nigeria, Egypt, South Africa, Tunisia, Tanzania, Madagascar, Liberia, and Botswana, will […]
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