SEC to tackle identification theft in capital market
Worried about the increasing level of identity theft in the nation’s capital market, the Securities and Exchange Commission (SEC), said yesterday it was currently working...
NIBSS donates to public schools, reiterates support for education
Nigeria Inter-Bank Settlement System (NIBSS) Plc, has reaffirmed its commitment to supporting the nation’s educational system as one of its focus for Corporate Social Responsibility (CSR) Initiative.
Terragon unveils platform to help banks bridge financial inclusion gap
Data and Marketing Technology Company, Terragon Group, Africa, has unveiled a platform that can help banks bridge financial inclusion gap in Nigeria. The new platform called “Adrenaline”, is an Artificial Intelligence solution, which is right at the heart of banks’ digital transformation, required to meet Nigeria’s financial inclusion target. It draws on the…
Stakeholders see PoS solutions drive growth in retail sector
Stakeholders in the Nigerian payment industry have said that solutions that guarantee immediate value for customers and merchants alike will drive growth and expansion in the retail sector of the economy, in line with global trends. Merchants were also encouraged to be positive in their approach towards the adoption of innovative payment solutions. These and…
Mobile drives payment as instant pay users hit 11m
There are indications that the country’s electronic payments ecosystem is today driven by mobile means of communications as the number of Instant Pay users in the system is put at 11million...
NIBSS to drive banks’ payment services with new offering
The Nigeria Interbank Settlement System (NIBSS) has unveiled plans to enhance the country’s payment system through improved payment service platforms and better value proposition, in line with international best practice. The Managing Director of NIBSS, Ade Shonubi, made the disclosure at a press briefing in Lagos, to herald the Hackathon 2018, with the theme: “Biometrics, Key…
NIBSS seeks more collaboration for financial inclusion
There is still more to do by all stakeholders in the quest for 80 per cent financial inclusion rate by 2020, especially as cash continue to dominate transactions in the country, the Nigeria Interbank Settlement System (NIBSS) has noted. Managing Director and Chief Executive Officer, NIBSS, Ade Shonubi, while addressing journalists on the sidelines of…
NIBSS, MTN, Telcos partner as banks re-launch mCASH
MTN Nigeria, along with 16 banks and all major mobile telcos, Tuesday, came together for the Nigeria Inter-Bank Settlement Systems (NIBSS’) re-launch of mCASH this week.
Transactions via cheque hit N1.32 trillion in three months
About N1.32 trillion values of transactions were carried through cheque truncation in the first three months of the year.
Ecobank unveils unified digital payment solution
A multi-featured digital payment solution, Ecobank Pay, is now available from Ecobank Nigeria.