MTN Communications Limited’s newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB) has alleged a fraudulent loss of N22 billion in one month of operations....
By Umar Suleiman As smartphones and internet technologies become increasingly accessible in Africa, the continent has become a lucrative market for the eCommerce industry as players...
MFS Africa, the largest digital payments network in Africa, has raised an additional $100 million in debt and equity for its Series C, just six months...
By Ahmed Ayanfe Nigerians’ use of mobile channels for payment transactions has risen by 3,454.46 per cent from N136.85bn within the first four months of 2019...
As Transaction soars 387% in 3 years Nigerians have spent a total of N923.24 billion on utility bills through electronic channels between January and April, 2022....
The Central Bank of Nigeria has reviewed operations of the NIBSS Instant Payments System (NIP) and other electronic payment options with similar features. In a circular...
A deeper collaboration among players in the digital payment ecosystem is needed to boost the security of data and funds of Nigerians, Africa’s leading integrated payments...
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). This was disclosed in...
About N54.98 trillion was processed through Nigeria’s electronic channels in the first two months of 2022, according to data from the Nigeria Inter-Bank Settlement System (NIBSS)...
A new study from Juniper Research has found that global payment card shipment revenue for technology companies will reach $11.7 billion in 2026, from $9.7 billion...