Business

EFTCorp Wins ‘Outstanding Contribution to Fintech Enablement’  Award at Africa Bank 4.0 Summit

EFT Corporation (EFTCorp), a trusted partner in modern banking, was honoured with the ‘Outstanding Contribution to Fintech Enablement’ award at the 15th Africa Bank 4.0 Summit-West Africa, held in Accra, Ghana. The award recognises EFTCorp’s role in advancing fintech innovation and expanding financial inclusion across Africa by providing cutting-edge payment solutions and infrastructure for banks […]

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Business

Virtual Card Transactions to Soar Globally, Exceeding $17.4trl by 2029

The value of virtual card payments will grow 235% by 2029; rising from $5.2 trillion in 2025. This represents significant acceleration compared with 2021 to 2025, during which time virtual card transaction values grew by 175%. This acceleration according to Juniper Research report will be fuelled by growth in the subscription economy in both B2B […]

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Business

Presidency Drops Remita as Revenue Collection Platform, as New Treasury Digital Platform Goes Live

The Nigerian Government has dropped the Remita platform previously used for revenue collection, and has replaced it with the Treasury Management and Revenue Assurance System (TMRAS). This launch of TMRAS system ends the business of Remita with the Government, as the new system intends to improve the management of federal revenue collections and payments among […]

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Business

Airtel Africa and Mastercard Launch New Digital Payment Solution to Tackle Financial Inclusion

Airtel Mobile Commerce BV, a subsidiary of Airtel Africa PLC, has  launched the Airtel Money GlobalPay Card, a new payment solution designed to connect Airtel Money customers across Africa with global online marketplaces. This collaboration with Mastercard will empower Airtel’s 150 million mobile phone users in 14 African countries with access to Mastercard’s global merchant […]

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Business

AfriGO, Moniepoint Plans Introduction of Five Million Contactless Cards 

AfriGO, national domestic card scheme powered by Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System, has announced a strategic partnership with Moniepoint Inc. This collaboration, according to AfriGO, will drive the distribution of 5 million AfriGO cards and introduce contactless, tap-to-pay solutions, boosting Nigeria’s commitment to a thriving, cashless economy. […]

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News

MoMo PSB Partners with Sochitel to Launch Gift Card Services.

MoMo Payment Service Bank (MoMo PSB), a leader in digital financial services in Nigeria, recently partnered with Sochitel Group, a global leader in digital prepaid products. This collaboration introduces the Global Duka Gift Card Service within the MoMo PSB Super App, enabling millions of users to make seamless online international payments for gaming and entertainment […]

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Business
  • February 25, 2025

NITDA, Flutterwave, Alami Sign MoU to Enhance Fintech Ecosystem with Tech Tools

The National Information Technology Development Agency (NITDA) has signed a strategic partnership with Flutterwave, Africa’s leading payments technology company, and Alami a private limited liability company with  focus on empowering young entrepreneurs and SMEs in the technology and creative industries through Memorandum of Understanding (MoU) to drive digital transformation and strengthen Nigeria’s economy. This collaboration […]

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Business
  • February 11, 2025

CBN Slams Fresh Charges on ATM Withdrawal, Customers to Pay N100 for Every N20,000 Dispensed 

The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs. This was contained in a circular dated February 10, 2025, and addressed to all banks and financial institutions, the apex bank’s acting Director of Financial Policy and Regulation Department, John Onojah. […]

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Dr Jumoke Oduwole
 Digital Leadership Series
  • February 11, 2025

Nigeria is Leading Africa’s Digital Trade Revolution, Says  Jumoke Oduwole

AMA PRESS RELEASE Africa’s digital trade and trade in services landscape has witnessed significant growth in recent years. Indeed, digital trade is transforming the continent’s economic landscape, creating new opportunities for real economic growth, productive job creation, and poverty reduction. This important shift has occurred as the African Continental Free Trade Area (AfCFTA) Agreement and […]

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Business
  • February 10, 2025

Visual Storytelling Critical in Leapfrogging Africa’s Fintech Sector into New Era, Says Communication Experts

The power of visual storytelling in the fintech sector that helps brands tell compelling story, which in turn elicit emotional connection with the target audience and drive loyalty is key to leapfrogging the African fintech sector into new frontiers. Leading communication’s experts during panel discussion at the Newmark Group webinar with the theme: “Visual Storytelling […]

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