Articles with tag like: Nigeria

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Central Bank of Nigeria issues regulatory framework for Open Banking

News | Online & Mobile Banking | 18 Feb 2021

The Central Bank of Nigeria (CBN) in line with its mandate to promote financial system stability has issued the Regulatory Framework for Open Banking in Nigeria, according to proshareng.com.

Central Bank of Nigeria, Nigeria, Open Banking, regulation, online banking

Binance suspends Nigeria deposits after central bank ban

News | Cryptocurrencies | 08 Feb 2021

Binance has temporarily suspended deposits in NGN (Nigerian naira) in response to a letter from Nigeria’s central bank (CBN) instructing banks to close crypto accounts.

Binance, Nigeria, Bitcoin, CBN, crypto accounts, crypto trading, cryptocurrency

Nigeria's Central Bank to ban crypto accounts

News | Cryptocurrencies | 08 Feb 2021

The Central Bank of Nigeria (CBN) has ordered all banks to close any accounts transacting with cryptocurrencies.

Nigeria, crypto, Bitcoin, cryptocurrency, banking, crypto payment, CBN, exchange bankruptcy

Nigeria-based Mono gets backing from Y Combinator

News | Online & Mobile Banking | 03 Feb 2021

Nigeria-based Mono, a startup that helps fintech companies to run onboarding processes through KYC in general, gets backing from Y Combinator.

Mono, Nigeria, KYC, Y Combinator, Africa, funding, investment, startup, fintech, Open Banking, API

First Bank of Nigeria launches the Virtual Payment Card

News | Mobile Payments | 15 Jan 2021

First Bank of Nigeria has launched the Virtual Payment debit card.

First Bank of Nigeria, product launch, Nigeria, Africa, FirstBank Virtual Payment Card, mobile payments, e-wallet, virtual card

The Central Bank of Nigeria announces framework for QR code payments

News | Mobile Payments | 15 Jan 2021

The Central Bank of Nigeria (CBN) has announced a framework for QR code payments.

Central Bank of Nigeria, Nigeria, Africa, framework, QR, QR code payments, mobile payments, issuers, acquirers

Aella App, Amazon use Amazon Rekognition to empower underbanked Nigerians

News | Digital Identity, Security & Online Fraud | 08 Jan 2021

The Guardian has revealed that Aella App is working with Amazon Web Services (AWS) to empower underbanked individuals through quick access to credit and other financial services.

Aella App, Amazon, partnership, underbanked, Nigeria, face identification, verification, automation, safety, financial services

Shago Payments launches ecommerce platform

News | Online Payments | 21 Dec 2020

Nigeria-based fintech Shago Payments has launched a bill payment and ecommerce platform that targets underbanked and underserved Nigerians.

Shago Payments, Nigeria, Africa, product launch, ecommerce, merchants

Nigeria-based API startup raises almost 1 USD mln in pre-seed funding

News | Online & Mobile Banking | 17 Dec 2020

Nigeria-based API fintech startup, OnePipe, has announced that it raised almost USD 1 million in pre-seed investment.

OnePipe, Nigeria, investment, startup, funding, API, Open Banking

WorldRemit delivers USD bank transfers to Nigeria in time for Christmas

News | Online Payments | 15 Dec 2020

WorldRemit has launched a service for Nigeria-based customers that enables them to receive international transfers in their bank accounts in USD ahead of the Christmas celebrations.

WorldRemit, Nigeria, Central Bank of Nigeria, international transfers, bank transfers, cross-border payments, money transfers, mobile payments, online payments

Airopay launches digital payment app in Nigeria

News | Mobile Payments | 03 Dec 2020

Nigeria-based payment infrastructure solution provider Airopay has launched a digital payment app that will allow users to make transactions locally and internationally from their mobile devices.

Airopay, Nigeria, Africa, product launch, mobile payments, transfers, cardless, remittances, bill payments, online purchases

Flutterwave launches refund policy for online shoppers

News | Ecommerce | 26 Nov 2020

US-based PSP Flutterwave has announced the launch of the Payment Protection Promise, a new refund policy to protect customers when shopping online on its payment platform. 

Flutterwave, product launch, Nigeria, Africa, Payment Protection Promise, refunds, online shopping, merchants

Paymentwall integrates Paga, Tingg, instant EFTs in Nigeria

News | Mobile Payments | 17 Nov 2020

Paymentwall expands its payment coverage in Nigeria to offer mobile money payments with Paga, Tingg, and instant EFTs.

Paymentwall, Nigeria, mobile money payments, Paga, Tingg, instant EFTs, ecommerce, digital wallet, KYC, mobile payments

Microsoft teams up with dLocal to reach new customers in Nigeria and other emerging markets

News | Online Payments | 11 Nov 2020

Microsoft has teamed up with dLocal, an Uruguay-based cross-border payments platform to reach new customers in emerging markets with local payment methods.

Microsoft, dLocal, partnership, Nigeria, Africa, emerging markets, online payments, subscriptions, cards, Visa, MasterCard

Crown Agents Bank, Paga extend partnership for Africa expansion

News | Online & Mobile Banking | 03 Nov 2020

Crown Agents Bank has announced it is expanding its partnership with Paga to increase its payments reach in Nigeria, Africa’s largest economy.

Crown Agents Bank, Paga, payments, Nigeria, Africa, mobile money, money transfer, remittance, partnership, FX , cross-border payments

Payment methods in 2020 – The global overview

Voice of the Industry | Online Payments | 26 Oct 2020

Alexandra Constantinovici, senior editor with The Paypers, drills down on the most relevant updates in the global payments industry, with focus on key particularities from each geography. 

payment methods report, The Paypers, payment methods, online payments, mobile payments, cashless society, QR payments, pay later solutions, Asia, US, UK, Spain, The Netherlands, Southeast Asia, Africa, Kenya, Nigeria, LATAM, Brazil, Mexico, Japan, Singapore, ecommerce, online commerce, Unified Payment Interface, tap-on-phone, POS, mobile PoS

Stripe to acquire Nigeria-based Paystack

News | Online Payments | 16 Oct 2020

Stripe has entered into an agreement to acquire Paystack, a technology company based in Nigeria, following years of partnership.

Stripe, Paystack, acquisition, Nigeria, US, financial services, SaaS, GPTN

IFC, Union Bank to boost access to trade finance in Nigeria

News | E-invoicing, SCF & E-procurement | 12 Oct 2020

IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business and enable increased international trade for Nigeria.

Nigeria, IFC, Union Bank, trade finance, Covid 19, financing, SMEs, letters of credit, trade-related promissory notes, Guarantees, bonds, advance payment guarantees

Afex to introduce blockchain-based app for warehouse receipt checks

News | Digital Identity, Security & Online Fraud | 02 Oct 2020

Nigeria-based FX payments platform Afex has announced its intention of introducing blockchain-based application for warehouse receipt checks to reduce fraud in Africa.

AFEX, blockchain, fraud, e-invoicing, e-WRS, Trade Finance Market, Nigeria, Africa

Jumia partners with Airtel Kenya for mobile payments

News | Mobile Payments | 01 Oct 2020

Nigeria-based marketplace Jumia has announced a new partnership with telco Airtel Kenya to enable consumers to complete online transactions using Airtel Money. 

Jumia, Airtel Kenya, Airtel Money, partnership, Kenya, Nigeria, Africa, marketplace, telecommunications, telco, mobile payments, mobile app, mobile transactions, financial inclusion, COVID-19, coronavirus, online checkout, Ghana, Uganda