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Christmas Came Early with the Rapidtransfer App



As Christmas approaches, many of us are already planning our expenses for the holiday period, because we all know that December is a very expensive month and January is a very loooong month.


For those abroad, I am sure you have already started getting the “please send money for us to buy rice” calls; and for us in Nigeria, we already have a list of family members we plan to call to send funds back home.


Do you remember the stress of sending money home? What if we told you that there was an easier way; one that can be done at a tap, right from your mobile phone… and for those receiving, unless they want to get cash, they do not have to lift a finger? Sounds tempting eh?


That easier way is the Rapidtransfer App!

Rapidtransfer is now a mobile app that enables people living abroad send money to Africa, easily and instantly. Just download the app from the App store or Play store and link your bank card (Visa or Mastercard) and funds you send to Africa can be remitted straight into their account.


If the thought of sending money to loved ones instantly and hassle-free doesn’t whet your appetite, how about the fact that funds sent attract ZERO FEES! Yes, I did say ZERO Fees! So all that calculating how much the charges will be or the internal guilt because you want to pass on this cost to loved ones no longer applies. I am sure your loved ones receiving the funds in Nigeria will be only too happy to get all the funds you sent – leave no “change’ for the bank.


Well, If you want more, you’ve got to read on, because the Rapidtransfer App has a lot more to offer.


What else can the app do? Apart from the fact that it is truly convenient, fast and completely secure, your loved ones get the funds instantly…ALL the funds sent.


With the Rapidtransfer app, you have more control at your fingertips; you can check your rates before you send funds, manage your account and recipients, set and change your PIN for increased security, make enquiries about transactions, update ID information and documentation as well as change your language. With all this power at your disposal with just a simple Tap, what else could you ask for?


Oh! There’s one more thing… I mentioned that you are able to check exchange rates on the app right? There’s a reason for this. The Rapidtransfer App gives senders and receivers the best rates in the market. If you don’t believe me, download the app now and check for yourself.


With unbeatable forex rates, and Zero fees until 31st January 2019, Christmas has indeed come early for your loved ones in Nigeria… and it also means you too have a little more in your pocket to get something small for yourself.


Anyone who said “no good deed goes unpunished” did not have the Rapidtransfer App obviously… because doing good never felt so easy or rewarding.


So, do yourself and your loved ones a favour; download the Rapidtransfer App right now. Getting started is also very simple. All you need is the app, a registered telephone number in the country where you are, valid ID, your bank card and Voila! You are all set up.


In the spirit of Christmas, we are throwing in a little extra. If you share the love and refer a friend (using a special code within the app), we will give you extra benefits and discounts. The more your share the app, the more you earn.


Don’t keep the Rapidtransfer App to yourself; just like Christmas, It is the season of giving, so give freely and with a smile


Rapidtransfer…Abroad money to Naija fiam!


Get it now!

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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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CBN Predicts 3 pct GDP Growth in 2019



The Central Bank of Nigeria, CBN, expects the economy to pick up in 2019, forecasting a gross domestic product growth of 3 percent, up from 1.9 percent recorded last year, its governor Godwin Emefiele said.

Emefiele said the bank would maintain its tight monetary stance in 2019, and sees inflation at 11.31 percent in February and rising to 12 percent this year before moderating.

The governor, who is set to step down in June, told an economic conference in Lagos that the economy would see more growth as the recovery is becoming self-sustaining.

Economic growth has been recovering since the third quarter of 2016, when the recession bottomed out. Higher oil prices helped Nigeria exit that contraction. In 2018, the economy grew at its fastest pace since the recession.

Emefiele expects volatility in the crude oil market to put pressure on the currency but the central bank would maintain its stance on exchange rate over the next year.

He said more than $6 billion had flowed into the local bond market since last month’s presidential election as foreign investors piled into debt to lock in yields as high as 14 percent.

Bond investors had been worried elections would turn violent, not about who won. President Muhammadu Buhari has favoured a strong and stable currency, which bondholders hope will continue.

Buhari won a second term in charge of Africa’s biggest economy in February, defeating his pro-business rival Atiku Abubakar who had touted privatizations and float the currency as some of the ways to grow the economy.


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Andrew Dell, Ex-CEO of HSBC Africa Now Senior Advisor to Asoko Insight



Asoko Insight, Africa’s leading corporate information platform, is delighted to announce the appointment of Andrew Dell as Senior Advisor.


As part of its 2019 plan to introduce leading-edge digital tools for global banks to identify and onboard African companies, Asoko Insight has brought on board Andrew Dell as Senior Advisor.


African banks and global investors endure significant challenges when it comes to the efficiency of industry sizing, lead generation, on-boarding, and KYC processes. In his role, Andrew will help expand Asoko’s Verify Africa platform among banks and private equity firms active across the continent, supporting their objectives to reduce due diligence costs and grow their pan-African footprint.


Rob Withagen, CEO, Asoko Insight said:  “Andrew’s experience and track record are second to none and we’re thrilled to have him on board. He brings a robust knowledge of the KYC and compliance issues that African banks face and which Asoko aims to overcome.”


Andrew Dell, Senior Advisor, Asoko Insight said, “Sourcing reliable information to identify, verify and onboard corporate clients across Africa is time-consuming and expensive. Asoko’s purpose-built solutions are addressing the challenge by providing enterprise-access to instant, accurate and up-to-date information on the continent’s leading growth markets, businesses and the people who run them.”



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Founder Open Vector to Address Nigerian Bankers on Open Banking Opportunities



Carlos Figueredo, CEO and founder of Open Vector, a professional consultancy firm founded in 2017 with its forte in open banking, PSD2, GDPR and payments, he has consented to headline the Open Banking Masterclass, one of the key attractions of Lagos Fintech Week on April 23, 2019, in Lagos-Nigeria, West Africa.

According to the statement signed by the chairman organizing committee, Dr. Yele Okeremi, Lagos Fintech Week [LFW] is an invigorating week of distinct FinTech events that delivers exciting discussions, stimulating demos and insightful debates. “It is scheduled for April 23-26, 2019 at Oriental Hotel, Victoria Island, Lagos”, he said.

He explained that Open Banking is a trend that is poised to transform how banking is done over the next decade. While only a few countries have started or are in the process of starting. The traction is so strong and it is expected that this trend will become dominant in five years.

“Nigeria cannot afford to lag behind, as we have had various conversations whether we should have open banking, how we should do it, and what are the benefits. This is why we are bringing an expert of Carlos’ status who has wealth of experience and fundamentals of the needs for Open Banking to lead the Masterclass at Lagos Fintech Week in April”.

He pointed out that Figueredo is a recognised open banking SME with over 20 years’ experience in payments, SWIFT, SEPA and PSD2 and started open banking in 2016 as the Head of Data Standards for the UK Open Banking Implementation Entity (OBIE).

Dr. Okeremi said that Figueredo oversaw the ISO 20022 based standard development and the relevant technical elements needed to integrate it across the array of product-based API’s for OBIE, which was the first initiative globally in the banking sector, or any other sector, to have done so.

“In quarter three of 2018 Open Vector was granted by the British Embassy of Mexico City and the Prosperity Fund a component of phase 1 of the Fintech Law delivery. Carlos worked alongside the CNBV (National Banking and Securities Commission) to develop and implement the data standards, which will go live in April 2019.


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