In spite of claims that fintech companies are a threat to Nigerian banks, many of them are relying on the power of technology to service their customers. The real threats are less obvious…
Is financial technology really a threat to the banking industry?
As strange as it may sound, the apex monetary authority in Nigeria — the Central Bank of Nigeria (CBN) — is considering financial technology (fintech) as a threat to the banking industry. …
Build the Future of Customer Service for Banking in Africa at the Re:Code Nigeria Hackathon
Build the Future of Customer Service for Banking in Africa at the Re:Code Nigeria Hackathon The financial services sector is in flux, more and more it feels like the users are the ones serving instead…
NIPOST to start facilitating eCommerce and rural banking services in Nigeria
Speaking to a gathering of newsmen in Abuja, the Minister of Communications, Adebayo Shittu, said that very soon, the Nigerian Postal Services(NIPOST) will introduce banking services to rural areas of…
EPIS awards show most Nigerian banks are not Cashless Policy compliant
In a bid to promote the cashless policy in place in Nigeria and reward financial institutes for pioneering and powering electronic payment channels, the Central Bank of Nigeria(CBN) and the Nigeria In…
Nigerian Mobile Money Providers Record N700 Billion Since 2012
There are 23 licensed mobile money operators in Nigeria, and they have recorded a total of seven hundred billion naira in transactions since 2012. This was announced yesterday at a presentation on Mob…
Reminder: Bank Verification Number (BVN) Registration closes Tomorrow
The deadline for the Bank Verification Number (BVN) registration is tomorrow, Tuesday, June 30, 2015 as announced by the Central Bank of Nigeria. The BVN registration has been open for about One and a…
MasterCard partners Ecobank to accelerate electronic payments in 32 African countries
Ecobank is to roll out MasterCard payment solutions to millions of its customers in Africa. Ecobank signed a landmark multi-country agreement with global payments technology company MasterCard to brin…