The 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 […]
Read MoreAMA PRESS RELEASE Mama Money Financial Services, a fintech specialising in cost-effective money transfers, has launched a new bank card that enables cardholders to manage their account and money through a custom-made WhatsApp solution. In collaboration with Access Bank and Pick n Pay, the Mama Money Card aims to overcome the challenges faced by millions […]
Read MoreThere is a growing adoption of card technology across the globe not just to drive and deepen financial inclusion but for the easy of business transaction, however for Nigeria the trend seems slow. And to leapfrog that, the Chief Executive Officer (CEO), AfriGoPay Financial Services Limited (a financial services business affiliate of the Nigeria Inter-Bank […]
Read MoreA new study from Juniper Research, the foremost experts in the fintech and payments market, has selected SteelEye as the leading fintech future leader globally in 2025. The top 10 Fintech Future Leaders ranked by Juniper Research are: SteelEye dLocal Billie Monobank Xapien Zuora Tabby Volt Mercury BeZero Carbon Juniper Research’s ranking of 100 fintech […]
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