News
Revving Up Service Delivery with NQR Feature on ALAT

The onboarding of the New Quick Response (NQR) feature unto ALAT, Wema Bank’s digital banking platform, underscores how technology innovations continue to impact service delivery and contributions of banks in Nigeria to the National Financial Inclusion Strategy.
The Central Bank of Nigeria (CBN), in continuation of implementation of National Financial Inclusion Strategy (NFIS), and other macroeconomic initiatives of the Federal Government geared towards accelerating national economic growth, approved the Framework for Quick Response (QR) Code payments in Nigeria, in January 2021.
Principal objective of the framework was to promote the use and adoption of electronic payments, foster innovation in payments system, and strengthen institutional framework for economic and financial industry stability in the country.
In addition to detailing the regulatory guidance, the aims of the framework include ensuring the adoption of appropriate QR Code standards for safe and efficient payments services in Nigeria. Participants approved for the implementation of QR Code payments include merchants, customers, issuers including banks, money market operators and other financial institutions, as well as payment service providers.
For banks, the guidelines also permit them the use of any other QR Code Standard provided, it meets the prescribed security requirements, demonstrate interoperability with other existing implementation in the industry and/or offer cost benefits to end users (merchants and customers).
By increasing their investment in Information and Communication Technology (ICT) infrastructure and capacity building for digital teams, banks in Nigeria are among the leading positive change agents that are widening access to financial services for the unbanked and underserved to be onboarded unto the financial inclusion bucket.
In Nigeria, QR payments system in particular is increasingly becoming more popular, because they offer wide range applicability. QR codes help businesses create customer engagements and sustain relationships. They are simple and easy to set up at no cost. QR codes enable users to receive payments from more than one customer at once.
Transactions can be initiated from start to finish without you having to be there so, users can free up their time to do other things. QR codes help bridge the gap between face-to-face and digital by allowing customers to pay with their preferred digital wallets.
Also, QR payments help merchants or businesses to work with brands to streamline their payments offerings across all channels – online, in-app and in-store and to scale their operations domestically and cross-border. They also drive smartphone penetration, financial inclusion and cashless economy.
In further demonstration of its commitment to consistently stay at the forefront of deploying digital technology to make service delivery more convenient, faster and better for the customers, ALAT, Nigeria’s leading digital banking platform, recently increased its offerings with the inclusion of the new quick response (NQR) code-based payments and collections solution to boost convenient and safe financial transactions.
With the NQR feature on ALAT, existing customers and non-customers can now enjoy code-based payment and collections solution that provides fast, easy, secure, reliable, contactless and account-based options to receive and pay for goods and services.
Merchants, business owners and individuals by displaying the QR Codes generated on ALAT, can henceforth receive payments at their locations for goods and services.
All that a customer needs to do is to select the NQR option on their bank’s mobile application and scan the displayed NQR Codes to make payment to the merchant. The merchants/business owners and payers get instant notification of payment made.
The benefits of the NQR on ALAT include simplicity of use, easy setup, zero cost of acquisition, and a seamless merchant onboarding process. Other benefits are super-fast deployment, instant payment and settlement, and fast and secured payment.
On the level of transaction that can be done using the new feature, transaction limits are determined by the payer’s bank. However, transactions below N250 would attract 50 kobo, while those between N25 and N999.99 would be charged N1.
NQR on ALAT also offers the lowest service fees unavailable anywhere in the industry today. Transactions ranging between N1000 and N4,999.99 will attract N5, just as those between N5000 and above would pay the applicable fee of N25.
Another uniqueness of the NQR on ALAT is that it is a safe platform, as the exchange of information via the QR code ensures that any transmitted data on the technology is encrypted, thus making the payment secure.
“Also, NQR is built around the universal EMVCO Security Standards. In addition, customers are protected by a secret 4-digit PIN used to consummate transactions and known to only the payer,” Wema Bank stated.
To enjoy the new service, customers will need to set up NQR on ALAT by first updating the ALAT app to the latest version before login into the ALAT app as a payer. Then select payment, QR payment to scan a code directly or from their galleries.
Merchants and receivers are also to log in to the ALAT app and select payments, QR payment and then create merchant and sub-merchant display the QR code to receive payment.
QR code payment methods have become one of the fastest-growing payment methods in the world. They are also one of the most efficient and simple ways to share information and complete online payments.
According to Juniper Research, 1.5bn people worldwide used QR codes to make payments in 2020 as usage soared during the Covid-19 pandemic, while forecasting that by 2025, as many as 30% of all mobile users will pay with QR codes.
Juniper Research further said that QR usage is bigger in China where it had become popular as far back as 2010 and account for one-third of all payments today, amounting to $1.65trillion in QR code sales.
QR Code is a machine-scannable image that can instantly be read using a smartphone camera. Every QR consists of black squares and dots which represent certain pieces of information. When your smartphone scans this code, it translates such information into something that can be easily understood by humans.
News
Airtel Smartcash Set to Power Stress-Free Easter with Seamless Cashflow

As Nigerians prepare to celebrate Easter with loved ones across the country, leading mobile money operator Smartcash Payment Service Bank (PSB) has announced an easier system by which customers may upgrade their wallets from Tier 1 to Tier 3 for a smooth, cashless, and stress-free holiday experience.
Offering improved security, access, and reliability, the Smartcash app now enables instant verification with customers’ NIN or BVN, secure facial recognition with a selfie, and simplified address confirmation.
Upgrading from Tier 1 wallet provides higher transaction limits and access to more features and benefits as well as security.
According to the Chief Executive Officer of Smartcash PSB, Tunde Kuponiyi, Smartcash is concerned with ensuring a stress-free experience for customers.
“As the Easter season approaches, we recognize the financial pressure and logistical challenges that often come with holiday spending and mobility. That’s why we’re committed to ensuring that our users can carry out essential transactions from bank transfers to merchant payments quickly, safely, and conveniently.
“Our goal is to eliminate the stress of cash handling, long queues, and bank branch visits, so that Nigerians can truly focus on the spirit of the season connection, community, and celebration,” he said.
Smartcash PSB is providing a reliable, cashless alternative that meets the financial needs of users wherever they are. Whether it’s sending money to loved ones, paying at local markets and stores, or topping up airtime and data, Smartcash users can look forward to uninterrupted and efficient services throughout the holiday season.
Airtel Smartcash PSB, which launched as part of Airtel’s commitment to deepen financial inclusion, has rapidly expanded its network of agents and digital wallet users, bridging access between underserved communities and the financial system.
With services available through mobile phones and human agents across Nigeria, Smartcash offers a simple and accessible entry point into the digital economy particularly for small-scale traders, artisans, rural dwellers, and other players in the informal sector.
News
OOUTH Commends IHS Nigeria, UNICEF for Life-Saving Oxygen Plant Donation

IHS Nigeria, part of the IHS Holding Limited (NYSE: IHS) (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, recently visited the Olabisi Onabanjo University Teaching Hospital (OOUTH), Sagamu, to evaluate the operational status and impact of the oxygen plant donated by IHS Nigeria in collaboration with United Nations Children’s Fund (UNICEF) and the Canadian Government in 2023 as part of a collaborative health infrastructure intervention initiative.
The oxygen plant which was donated as part of IHS Nigeria’s commitment to improving Nigeria’s healthcare system through sustainable, impactful initiatives is designed to serve not only the teaching hospital, but also other health facilities in the region.
The oxygen plant is equipped with 50 units of 6-cubic-meter cylinders and 150 units of 3 cubic meter cylinders that currently supplies critical departments across the teaching hospital including Anesthesia, the ICU, Pediatrics, Accident and Emergency, Labour, and Surgery departments. The hospital management acknowledged the difference the plant has made in ensuring prompt availability of oxygen even for patients who are unable to pay and in improving the medical outcomes for many patients who need oxygen as part of their management.
Accompanying the team on the visit was the Honorable Commissioner for Environment in Ogun State, Ola Oresanya, who was invited to witness the outcome of the partnership and its alignment with the state’s public health and environmental objectives.
He lauded the initiative for its timeliness and noted that the impact of the donation could not be easily quantified in terms of its relevance to healthcare delivery and its sustainable energy and environmental management which supports the state government’s vision for a healthier and more resilient Ogun State.
Titilope Oguntuga, Director, Sustainability, IHS Nigeria, commented “As a responsible organization, we find ways to impact communities in the markets we serve. In demonstrating our commitment, we also ensure that our investments are running smoothly, which is why we visited OOUTH. This is the first institution we donated an oxygen plant to and is also the first we are visiting to assess its impact and operational status.
“We are humbled by the acknowledgment and testimonies from the OOUTH management. This increases our resolve to continue to create meaningful and sustainable impact through infrastructure that saves lives and strengthens communities.”
Celine Lafoucriere, Chief of Field Office, UNICEF, commented “We cannot overemphasise the power of partnerships in achieving health equity. This is what building resilience in health systems entails: combining expertise, funding, and a shared goal.”
Dr. Oluseun Adeko, Chairman, Medical Advisory Committee (representing the Chief Medical Director of OOUTH), commented “This oxygen plant has not only enhanced our ability to manage emergencies and respiratory cases, but it has also saved lives beyond our hospital, as it serves as a source of oxygen for other hospitals. We deeply appreciate IHS Nigeria and UNICEF for their foresight and generosity.”
News
DG NITDA Urges Foreign Investors to Tap into Nigeria’s Digital Future

In a spirited and visionary appeal, the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa CCIE, has issued a compelling invitation to global investors to explore Nigeria’s burgeoning digital economy, describing it as a land of opportunity powered by a youthful, tech-savvy, and highly innovative population.
The DG made this known when he engaged with global key players in the IT sector, including startups and investors during a GITEX Breakfast meeting at the GITEX Africa 2025 which is currently being held in Marrakech, Morocco.
Speaking ahead of GITEX Nigeria 2025, a major technology and investment conference set to take place from September 1 to 4 in Abuja and Lagos, Inuwa painted a vibrant picture of Nigeria’s digital landscape where according to him, innovation meets opportunity, and where government commitment aligns with grassroots entrepreneurial drive.
“Nigeria is a country with a large, youthful, innovative, creative, and highly competent workforce, where startups and scale-ups can continuously thrive, and where entrepreneurial spirit and technological advancement shape and create the landscape,” he stated.
He emphasised that Nigeria, with over 70% of its population under the age of 25, holds one of the youngest populations globally, positioning it as a talent hub for the Fourth Industrial Revolution.
The NITDA boss further noted that the government’s vision aims to elevate Nigeria into an emerging global digital economy through comprehensive reforms, infrastructure investment, and an aggressive digital literacy agenda.
“The president is also bullish about building our digital infrastructure and wants to establish our digital sovereignty, providing a platform for our citizens to develop digital offerings that Nigeria can take to the world,” he said.
While outlining initiatives aimed at embedding digital skills across the formal education system and enhancing national digital capabilities, he noted that the nation is not just teaching young people to consume technology but empowering them to create it.
Recognising the importance of digital sovereignty, Inuwa added “We are also promoting cloud adoption because you cannot succeed today with on-prem infrastructure, but you need to be on the cloud, and you need to have agility.”
Underscoring the significance of Nigeria and Africa’s digital native population and boundless talent, Inuwa mentioned that the continent should not just participate in the Fourth Industrial Revolution but should lead.
He disclosed that the GITEX Nigeria conference is set to be a milestone moment with Abuja which is the nation’s policy capital, hosting discussions on investor-friendly reforms and policy frameworks, and Lagos, the home to Africa’s most vibrant startup ecosystem, showcasing the energy, innovation, and investment potentials.
“We have the talent and we have the digital native population and we are nurturing an innovative and entrepreneurial ecosystem because we need to challenge the status quo, we need to use technology to disrupt the way we do things and we need to create a collective intelligence where people work with technology to make lives better and that is the Nigeria we are creating,” he concluded.
In his remark, the sales director of ZOHO, Mr Vijayaragavan Venugopal stated that Zoho has been predominantly focusing on the African market for the last 7 years and has witnessed tremendous growth in the African market, with Nigeria leading at the forefront.
“We are happy that we are going to be there in Nigeria along with GITEX and the event will not only empower the Nigeria market but the whole of Africa and it is going to be an opportunity to gather amongst each other, talk about tech, and grow together in the entire African market,” he said.
While giving her remark, the CEO of Alami Capital, Olu Olufemi White, highlighted the importance of investing in startups that center people in their solutions and challenged traditional investment approaches that ignore the human element.
Expressing her commitment to transforming communities through thoughtful and strategic innovation, she emphasised the need for impactful, innovative, and scalable ventures while however, noting that technology can only thrive with reliable energy and sustainable finance.
Appealing to everyone for active participation at the forthcoming GITEX Nigeria while making reference to the market activity from Google, Cisco, and Flutterwave, White said “You can start to see what happens when you support us. Please don’t wait till we become big and the rest of the world begins to tell our stories, we want you to tell it for us and we want to walk and work hand in hand with you to build the nation of our dreams.”
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