Nigeria-Investing in a Cashless Future

Wednesday, April 11, 2018 /08:40 AM /Institute of International Finance • Utilizing digital financial services could reduce cash transactions significantly in Nigeria• Experimenting with emerging mobile technologies like conversational interface could increase financial literacy among Nigerians• Continuous regulator support is required to ensure diffusion of agent… Source link

Moody’s Raises Alarm Over Survival of Nigerian Tier 2 Banks

**Banks May Lose Business to Fintech In recent times, there have been concerns raised about the status of midsized banks operating in Nigeria. Last month, Fitch Ratings disclosed that a number of Nigeria’s tier-2 banks (banks with total assets less than N2 trillion) will fall below the capital adequacy ratio of the Central Bank of… Read more Moody’s Raises Alarm Over Survival of Nigerian Tier 2 Banks

Nigeria: Voguepay 3.0 Payments Platform Makes Debut for Nigerian SMEs

By Adeyemi Adepetun VoguePay.com has launched a new platform that simplifies the way that businesses can send and receive payment from local and international customers, allowing merchants to accept payment in dollars, euros, rands, cedis, naira and bitcoin payments. VoguePay.com, a leading online payment aggregator in Nigeria launched its new platform (VoguePay 3.0) with focus… Read more Nigeria: Voguepay 3.0 Payments Platform Makes Debut for Nigerian SMEs

Aina advocates more FinTech adoption in capital market – Punch Newspapers

Stanley Opara The Chairman, FinTech Associates Limited, Dr. Segun Aina, has called for more financial technology adoption in the Nigerian Stock Exchange and the capital market at large. Aina said this on Wednesday at the Closing Gong ceremony of the FinTech Association of Nigeria at the NSE headquarters in Lagos. Though he admitted that Nigerian… Read more Aina advocates more FinTech adoption in capital market – Punch Newspapers

Investment into African tech startups hit record high in 2017

Investment into African tech startups hit the highest levels since records began in 2017, with 159 startups raising in excess of US$195 million. The DISRUPT AFRICA TECH STARTUPS FUNDING REPORT 2017, released today, reveals a record amount of funding was secured over the course of 2017, by the highest number of startups to date. Total… Read more Investment into African tech startups hit record high in 2017

Why banks and FinTech startups need each other more than ever

Amy Neale, vice president and senior business leader at ‎Mastercard, explains why banks and FinTech startups need to work closely together. It’s sometimes hard to believe the iPhone was launched a little over 10 years ago, paving the way for a smartphone revolution where it seems we have ported our entire lives onto mobile. With… Read more Why banks and FinTech startups need each other more than ever

Kenya most lucrative market for fintech top staff in Africa

Companies Thursday, January 4, 2018 9:42 By MUTHOKI MUMO Winners at the Fintech Awards last year. PHOTO | COURTESY  Kenya is the most attractive market in Africa for workers in the fintech industry with new data showing that companies pay the highest salaries in comparison to their peers on the continent. In a recent survey,… Read more Kenya most lucrative market for fintech top staff in Africa

Telecom firms may cut down on new workers this year – Punch Newspapers

Ozioma Ubabukoh Telecommunications companies in the country may have lost over N10bn in revenue in the last two weeks due to fuel shortage and this may affect planned recruitment of casual and permanent workers by some of them this year, it has been learnt. Following Nigeria’s exit from recession, the major telecoms companies are planning… Read more Telecom firms may cut down on new workers this year – Punch Newspapers

‘Nigeria, others must upgrade systems to combat cyber threats’

Nigeria and other African countries need to drastically improve cyber security and cyber crime detection systems to combat emerging cyber threats, Vice President of Asia Pacific, Middle East, and Africa at Check Point Software Technologies, Steve McWhirter, has said. According to the company’s latest global threat index released in October, Botswana (4th globally) is the… Read more ‘Nigeria, others must upgrade systems to combat cyber threats’

Cardless banking, hope for remote communities

Using cardlesss technology to reach remote communities in Nigeria should be a key priority for Nigeria’s banks owing to the vast business opportunities in the country, the Chief Executive Officer, Diamond Bank Plc, Uzoma Dozie, says in this interview with STANLEY OPARA In 2017, banking services were hugely disrupted by technology. What is Diamond Bank’s… Read more Cardless banking, hope for remote communities