Paga acquires Ethiopia-based tech firm, Apposit
Paga, a Nigerian mobile money operator, has announced the acquisition of Apposit, a technology company based in Addis Ababa, Ethiopia.
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Tag: mobile money
EFCC charges mobile money, bank agents on regulations
The Economic and Financial Crimes Commission (EFCC) has charged members of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) to apprise themselves of regulations and laws governing financial transactions to avoid entangling with fraudulent practices with dire consequences. The Zonal Head of the Kaduna office of the Commission, Mailafia Yakubu who gave
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Vanguard Conferences : Economic Forum Series
on Mobile Money Market & Fintech DATE : September 5th, 2019 VENUE: The Civic Centre, Ozumba Mbadiwe, Victoria Island, Lagos TIME: 9:00AM prompt For Registration and Sponsorship inquires, please call JUDE on 08034187233 IFE on 09095372559
Mobile money: Banks only have to cooperate or compete with telcos, says CR2
Irish vendor and software provider, CR2 has advised the Banking sector to open itself for cooperation with the telecommunications companies or out rightly compete with them in the mobile money space because with recent tech developments, it is no longer fashionable to shut them out of the services.
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Value of mobile money transactions falls by 23% in H1’18
The value of mobile money transactions through licensed mobile payment operators (interscheme) fell by 23 percent, year-on-year (YoY) in the first half of 2018 (H1’18). The volume of transactions however rose 53 percent within the same period.
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Mobile Money in Nigeria, good, can be better
The first tweak was the Over-The-Counter limits, having prescribed cash handling charges on daily withdrawals above five hundred thousand Naira (N500,000.00) as against the initial One hundred and fifty thousand naira (N150,00) for individuals and three million Naira for corporate bodies (N3, 000,000.00) as against the initial two million Naira (N2, 000,000.00) for corporate bodies.
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Sub-Saharan Africa remains the dominant force in mobile money
Mobile money hasn’t just changed the economic and social fabric of Africa. It has changed the world. Latest research shows that in 2017, the mobile money industry processed transactions worth USD$1 billion a day, generating direct revenues of over $2.4 billion.
Read More Challenges of using mobile money applications
By Elizabeth Adegbesan Network problem is my greatest challengeNetwork problem is my greatest challenge—Igbashio Manaseh THE mobile money application is good but not 100 percent reliable. Using the app saves time but it can disappoint you sometimes. I have experienced a lot using mobile money. The worst experience I had was when I had to
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How to transfer money using your mobile phone
THE Federal Government, through the Central Bank of Nigeria, CBN, introduced the cashless policy in 2012. It was meant to curb excesses in the handling of cash in Nigeria and to reduce the volume of cash in circulation. Most importantly, the policy was introduced to drive development and modernization of payment systems capable of placing Nigeria among the top 20 economies by the year 2020.
Read More Stakeholders parley on slow mobile money uptake
Airtel Nigeria’s Director of Regulatory Affairs and Special Projects, Osondu Nwokoro, has identified the exclusion of Telecommunications Operators (TELCOs) from playing very active roles in the implementation of mobile money as a major drawback to the uptake of the service.
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