JuicyWay, a payments startup using stablecoin technology to transform cross-border payments, has launched out of stealth mode and announced a US$3 million pre-seed round of funding. Founded in 2021 by Ife Johnson and Justin Ziegler, Juicyway enables individuals and businesses to send, receive, and process payments globally. The platform supports fiat currencies like the Nigerian Naira (NGN), […]
Read MoreOFFICIAL PRESS RELEASE Experts at AOT Lagos 6th edition took time out to chart the course for Africa’s digital future through artificial Intelligence organised by the Eko Innovation Centre and powered by the Lagos State Ministry of Innovation, Science, and Technology. With the Themed “AI and the Lagos Digital Economy,” the event brought together leading […]
Read MoreThe Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. This was revealed in its ‘Circular on Cash-Out Limits for Agent Banking Transactions’. According to the circular, the development is in the apex bank’s effort to advance a cashless economy. “The Bank hereby releases […]
Read MoreThe Economic and Financial Crimes Commission (EFCC) has revealed a landmark arrest of a total number of 792 suspects for offences bordering on cryptocurrency investment fraud and romance scam. EFCC’s Director of Public Affairs, Wilson Uwujaren, who briefed journalists at the commission’s office in Lagos on Monday said the suspects were apprehended on Tuesday, December […]
Read MoreReal-time payments contributed $7 billion to Nigeria’s Gross Domestic Payment in 2023, with projections reaching $15 billion by 2028. Banking penetration is expected to grow by 6.5%, unlocking a $40 billion profit potential for financial institutions. According to the Real-Time Payments: Economic Impact and Financial Inclusion report published by ACI Worldwide (NASDAQ, an original innovator in […]
Read MoreEFT Corporation (EFTCorp) has proudly joined Women in Payments Africa (WIPA) as a sponsor and strategic partner, furthering its commitment to empowering women and driving gender diversity in the payments sector where female representation remains underdeveloped. By aligning with WIPA’s mission to amplify women’s voices and drive inclusion, EFTCorp aims to create a digital payments ecosystem where […]
Read MoreAMA PRESS RELEASE Backbase, the global leader in Engagement Banking, has announced its strategic partnership with Seven, a consulting firm and integrator of digital and AI solutions based in Morocco. This collaboration brings together Backbase’s Engagement Banking Platform, with Seven’s deep expertise in digital transformation in banking, setting a new standard for innovation and customer experience […]
Read MoreThe National Identity Management Commission (NIMC) has revealed that Nigerians will have to pay for the new multipurpose national Identity card due to limited government revenue and to ensure that it is produced for only those who need it. According to Dr. Peter Iwegbu, Head of Card Management Services at NIMC, the decision was made […]
Read MoreOver 850 pupils in Lagos State, Southwest Nigeria are going to be receiving free education materials through Opay Digital Services Limited, a provider of digital financial solutions, in collaboration with the Dolly Children Foundation (DCF). The company said that the initiative under the banner of DCF’s “Back to School Project,” the partnership provided school bags, […]
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The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa said that the Agency is not just bent on imposing standard on the ecosystems. According Inuwa, NITDA’s regulatory approach, which is based on a triple helix model, is not just about imposing standards but actively creating and supporting markets. Inuwa who gave […]
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