Nigerian FinTech majors PARTNER to deepen e-payment in Africa
Omobayo Azeez
March 10, 2020
By Omobayo Azeez Two of Nigeria’s biggest fintech players, Paga and Flutterwave, have partnered to simplify and deepen payment solutions in Nigeria and across the African continent. The collaboration involves Flutterwave, an international merchant payment service, adding Paga as a payment option on its platform, thereby giving the latter’s customers the opportunity to pay a […]
Carbon supports startup techs in Nigeria, others with $100,000 disrupt fund
Kenneth AforFebruary 19, 2020
Kenneth Afor Carbon, a leading FinTech firm in Africa has introduced Disrupt Fund with a $100,000 grant to enable young technology entrepreneurs in the continent kick-start their innovative inventions without delays. According to a statement issued by Carbon, it will invest the sum of $10,000 to any startup with five percent equity and provide access […]
Nigeria needs ICT to conquer insurgency, emergencies, says Danbatta
Omobayo AzeezFebruary 5, 2020
By Omobayo Azeez Nigeria must leverage and appropriately deploy telecoms and ICT resources in the fight against insurgency and to contain other emergencies, said Umar Danbatta, the executive vice chairman (EVC) of the Nigerian Communications Commission (NCC). He said this reality explained commission’s insistence on compliance by all stakeholders to the guidelines governing SIM […]
FinTech Partners: Nigeria miles away from financial inclusion
Businessam StaffDecember 13, 2019
Nigeria’s journey to becoming the Giant of Africa, especially in financial inclusiveness, is farther than it appears, as its payments market fell behind other African nations like Kenya, and South Africa in FT Partners’ FinTech Industry Research; only 6% of the nation’s bankable population has mobile money accounts. The report, rated the most populous black nation behind Kenya’s 73% and South Africa’s 19%. Also, Nigeria’s Smartphone penetration (27%), accounts in financial institutions (39%) and debit/credit card ownership (35%) all fell behind Kenya’s 60%, 56%, […]
Nigerians’ apathy to .ng denies economy potential revenue
Omobayo AzeezNovember 12, 2019
By Omobayo Azeez Low registration for Nigeria’s top level domain name, .ng, is responsible for loss of money to foreign economies by the Nigeria state, Business A.M has gathered. This notion persists even has Nigerian identity on the internet, .ng, rose by 18 per cent year-on-year to hit 149,508 as at the end […]
Visa launches payment security suite; advocates holistic protection of ecosystem
Businessam StaffNovember 6, 2019
By Omobayo Azeez Global digital payment service provider, Visa, has introduced a suite of innovative security capabilities to prevent electronic payment fraud, harping on complete protection of the electronic payment ecosystem. The new cybersecurity suite launched at Visa’s Central & Eastern Europe, Middle East and Africa (CEMEA) Security Summit 2019 in Barcelona, Spain, is designed […]
Airtel Africa partners Finablr to widen cross-border payments to 100 countries
Omobayo AzeezOctober 22, 2019
By Omobayo Azeez Telecoms services provider, Airtel Africa, and global payment and foreign exchange platform, Finablr, have inked a partnership agreement to leverage their strengths to facilitate inbound and outbound cross-border payments. A statement jointly signed by the duo on Tuesday, explained that as result of the arrangement, Airtel Africa mobile money operations […]
Analysts see growth potential in fintechs despite Nigeria’s offline status
Justice OkamgbaSeptember 3, 2018
Nigeria’s offline status has not impeded the progress of fintechs, rather it portends a huge growth potential for them as the country seeks to achieve the online status, analysts have said. According to them, Africa’s most populated nation’s offline status has been heavily linked to the ratio of cash transactions to online, which is estimated […]
Mines secures $13m series A funding to grow digital credit platform in emerging markets
Businessam StaffAugust 13, 2018
Mines, a fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth. However, Mines plans to use its investment for talent acquisition, continued growth in Africa, and expansion to South America and South-East Asia. Mines provide a credit-as-a-service […]
Nigeria’s Secapay, Wallet.ng among finalists of Ecobank Fintech Challenge 2018
Businessam StaffAugust 8, 2018
Ecobank Group has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The Ecobank Fintech Challenge is designed in partnership with the advisory firm Konfidants and is supported by partners across Africa and the world. The list of the finalists includes eleven (11) fintech start-ups […]