Articles with tag: nigeria

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OPay and WorldRemit partner to offer mobile money transfer service

16 Sep 2020 | Mobile Payments

Nigeria-based financial provider OPay has announced a partnership with digital payments platform WorldRemit, to offer international money transfers.

OPay, Worldremit, money transfer, remittance, Africa, Nigeria, Google Playstore, KYC, online payments, mobile payments

Pngme, Open Banking Nigeria partner for API standardisation

30 Jul 2020 | Online & Mobile Banking

Open API solution provider Pngme has joined non-for-profit initiative Open Banking Nigeria for building a set of open APIs standards for the Nigerian financial services industry. 

Pngme, Open Banking Nigeria, partnership, API standards, Nigeria, Central Bank of Nigeria, financial inclusion, banks, consumers, API, toolkit, test environments, implementation standards, financial ecosystem, sandbox, data types, authentication

IFC provides USD 50 mln loan to Access Bank for Nigeria-based businesses amid Covid-19

20 Jul 2020 | E-invoicing, SCF & E-procurement

World Bank Group member IFC has provided a USD 50 million loan to Access Bank to help the bank increase liquidity to SMEs in Nigeria challenged by COVID-19. 

IFC, Access Bank, World Bank Group, Nigeria, SMEs, covid 19, Africa, loan, fast track financing support package, fast track facility, trade financing, working capital, business clients, disrupted cash flows, retail bank

Mobile payments surged to 391 percent in Nigeria

07 Jul 2020 | Mobile Payments

Data from the Nigerian Inter-Bank Settlement Scheme (NIBSS) has revealed that mobile payments have increased by 391% since May 2019.

Nigerian Inter-Bank Settlement Scheme, NIBSS, Nigeria, mobile payments, COVID-19, OPay, mobile payment method, Paga, FirstMonie

TrueLayer joins Open Banking Nigeria

23 Jun 2020 | Payments General

TrueLayer, the provider of financial APIs, has joined Open Banking Nigeria, the industry-formed advocacy group driving the adoption of open banking in Nigeria, to develop the open API standards for the Nigerian financial industry.

TrueLayer, Open Banking Nigeria, fintech, API, banking, payments

Wahed secures USD 25 mln in investment round

11 Jun 2020 | Payments General

US-based fintech Wahed, a digital Islamic investment platform, has closed a USD 25 million investment round led by Saudi Aramco Entrepreneurship Ventures.

Halal, fintech, startup, Wahed, Saudi Aramco, digital, Islamic, BECO, CueBall Capital, Dubai Cultiv8, Rasameel, Saudi Arabia, US, UK, Indonesie, Nigeria, india, CIS, Malaysia, Malaysian Securities Commission, Islamic Robo Advisory, Islamic ETF

Uber, Flutterwave partner to launch Uber Cash in Africa

10 Jun 2020 | Mobile Payments

Uber has partnered with US-based fintech company Flutterwave to launch its Uber Cash digital wallet feature in Africa.

Uber, Flutterwave, launch, Africa, digital wallet, Barter payment app, Visa, South Africa, Kenya, Nigeria, Uganda, Ghana, Ivory Coast, Tanzania, Nigeria, unbanked populations, mobile money

Dash, Ankerpay to expand DASH payments network in Sub-Saharan Africa

07 May 2020 | Cryptocurrencies

Digital currency provider Dash has partnered with South Africa-based cryptocurrency payments and ATM company AnkerPay to implement DASH payments ecosystem across Sub-Saharan Africa.

Dash, Ankerpay, cryptocurrency payments, ATM, digital currency, remittances, InstantSend, Dash Nigeria

Zenith Banks introduces short code to support mobile banking transactions

04 May 2020 | Online & Mobile Banking

Nigeria-based Zenith Bank has enhanced its USSD service, *966#, to enable both account and non-account holders engage in banking transactions using their mobile phones.

Zenith Bank, COVID-19, coronavirus, Nigeria, USSD, banking, transactions, Eazybanking for Everyone, mobile money, e-wallet, network, merchants

Azimo offers fee-free money transfers to Nigeria

01 May 2020 | Online Payments

Global money transfer service Azimo has announced waiving fees for transfers to Nigeria as the coronavirus crisis continues to impact global remittance flows.

Azimo, money transfer, Nigeria, Africa, remittance, online money transfer, online payments

Nigeria reveals social payments app for cash and crypto

23 Apr 2020 | Cryptocurrencies

An Africa-based social payments app for cash and cryptocurrencies, dubbed Bundle and backed by Binance, has launched in Nigeria. 

Nigeria, social payments app, cash, cryptocurrencies, Binance, digital assets, KYC, fiat, verification, fees, digital wallet, digital currencies

PalmPay waives transfer fees in Nigeria for COVID-19 affected customers

23 Apr 2020 | Mobile Payments

Africa-based payment startup PalmPay has announced that it will waive transfer fees in Nigeria and offer direct payouts to customers who have contracted COVID-19, TechCrunch reports.

PalmPay, Nigeria, Covid-19

Digital platform Sparkle joins Open Banking Nigeria

17 Apr 2020 | Online & Mobile Banking

Sparkle, a digital bank for the retail sector, has joined Open Banking Nigeria.

Digital, Sparkle, Open Banking Nigeria, fintech, API, Open Banking

SystemSpecs, Paga partner to deepen Digital Payments

15 Apr 2020 | Mobile Payments

Nigeria-based fintech SystemSpecs has partnered with mobile money service provider Paga electronic payments in the country in the face of the Covid-19 pandemic.

Paga, SystemSpecs, digital wallet, mobile payments, online payments, digital payments, Nigeria, Federal Government, Treasury Single Account, Remita Retrieval Reference, Africa

Zenith Bank launches voice banking service

09 Apr 2020 | Online & Mobile Banking

Nigeria-based Zenith Bank has introduced an automated voice banking service which allows customers to perform basic banking transactions over the phone.

Nigeria, Zenith Bank, banking transactions, IVR, cards, security, authentication, coronavirus

HUMBL partners One Kiosk to pilot its services in Nigeria

07 Apr 2020 | Online Payments

HUMBL, a US-based fintech that delivers mobile payments, has teamed up with One Kiosk, a Nigeria-based fintech specialised in local merchant ordering and deliveries.

US, fintech, HUMBL, One Kiosk, mobile payments, POS, Nigeria, partnership, merchants, contactless, CRM, Africa, India, Digital India Payments Limited

Ecommerce platform Jumia offers support for African marketplaces

24 Mar 2020 | Ecommerce

Jumia, a Nigeria-based ecommerce platform, has announced it is offering support for marketplaces, logistics, and online payments to governments in Africa.

Jumia, ecommerce, marketplace, logistics, online payments, coronavirus, COVID-19, financial aid, Africa, Nigeria, Reckitt Benckiser

Chams grows its business with e-verification, identification solution

09 Mar 2020 | Digital Identity, Security & Online Fraud

Chams has grown its business through strategic partnerships and introduction of products and services that are tailored to the Nigerian and African markets.

Chams, e-verification, identification, Nigeria, Africa, partnership, identity services, SME, government, identity verification, data

IFC teams with Coronation Merchant Bank to boost trade finance in Nigeria

04 Mar 2020 | E-invoicing, SCF & E-procurement

International Finance Corporation has announced a USD 40 million trade finance guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program.

International Finance Corporation, partnership, trade finance guarantee facility, Coronation Merchant Bank, Global Trade Finance Program, trade finance, Nigeria, access to capital

Access Bank to launch a facial recognition payment system in Nigeria

03 Mar 2020 | Mobile Payments

Nigeria-based Access Bank has announced it is set to unveil a new technology payment solution tagged FacePay that leverages on facial recognition and AI.

Acces Bank, Nigeria, FacePay, facial recognition, mobile payments, online payments, digital payments, payments, BVN image, payment system, Africa,