The Economic and Financial Crimes Commission, EFCC, views with great concern a rising fraudulent scheme newly perfected by fraudsters to defraud Nigerians of their hard-earned money and considers it imperative to alert Nigerians to be wary of ubiquitous foreign airlines’ ticketing discount promos. The scheme involves the use of malware to gain unauthorized access to…
Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiency. Without a doubt, digital payment is the next growth frontier for financial services. Amongst other extenuating factors, growing digitalisation, mobile penetration, and evolving consumer behaviour have accelerated the shift towards…
In today’s world, making financial services accessible is fast becoming a key area of concern to policymakers for the well-known reason that it has far reaching economic implications. To this end, financial inclusion has assumed a greater level of importance due to its perceived relevance as catalyst for economic growth since it is critical for…
In a bid to deepen positive customer experience and create new opportunities for businesses to grow revenue, Fidelity Bank, in collaboration with OnePipe, launched payment gateway PayGatePlus on Wednesday, March 16, 2022, at the Eko Hotel & Suites in Lagos. PayGatePlus, which is an upgraded version of the legacy PayGate product by the bank, is…
Huawei recently won two Future Digital Awards in Fintech & Payments from Juniper Research. Huawei’s FinTech Platform was awarded as the platinum winner for Best Mobile Money Offering 2021 and Huawei Overdraft Solution was awarded as the gold winner for Financial Platform 2021. Juniper Research’s Future Digital Awards for Fintech & Payments recognises the most…
Gozem, the leading multi-vertical super app platform in West & Central Africa, on Thursday 2nd December announced the closing of a $5 million Series A round raised from corporate and institutional investors spread across four continents with specialties in health tech, fintech, and mobility. The main investors of the round include: AAIC, Thunes (TransferTo), Momentum…
The Central Bank of Nigeria (CBN) has announced the formal engagement of the global Fintech company, Bitt Inc., as the Technical Partner for its digital currency, named eNaira, which is due to be unveiled later in the year. This development was disclosed in Abuja by the Governor of the Central Bank, Mr. Godwin Emefiele, who…