E-Business
RexPay Drives Advancement in E-commerce, Online Payments
At the turn of every new decade, there is always a groundbreaking technology that comes to define that era. With the creation of social media platforms like Facebook and Twitter in the 2000s, our world was never going to be the same again.
The addition of Instagram, Snapchat, Tinder, TikTok and the wholesale embracement of WhatsApp as a primary platform for communication and business in the 2010s meant that so many barriers in business had finally been removed, especially in developing countries, and with specific emphasis on Nigeria.
Anyone who might have visited Lagos, the economic capital of Nigeria, some ten years ago, would have noticed how retailers were doing everything to scale the hurdles that confronted them daily.
Overpriced shops, outrageous advertising budgets and several regulatory considerations that seemed to stifle their chances at business success were short-circuited or completely bypassed by the innovative spirit of these traders. The trunk and bonnets of cars became pseudo-shops for displaying their wares instead of renting shops that cost more than any profit they could ever have hoped to make. For marketing, word-of-mouth advertising came in handy. Anything that stood in their way of survival had to give way somehow.
As social media became commonplace and people began exploring all the possibilities that lay therein, these retailers were not left out too. They soon discovered that they did not actually need to display their wares on their cars anymore, as social media surely offered a better alternative for reaching even more people, and without the usual stress associated with screaming at the top of their voices on streets and in marketplaces.
By just posting their items on social media, they could get people to indicate interest in those items and then close out the sales offline or via DMs.
But in all of these, there seemed to be a missing piece in the online sales puzzle – the issue of payments. While some retailers made do with transfers, a number of them still insisted on collecting cash from their customers because of the perceived lack of trust with that option of payment.
RexPay, an online payment gateway by Global Accelerex, has just been launched to fix that problem. It is a platform that helps social media sellers receive payments in a fast, convenient and secure manner. The interesting thing is that they do not need to own a website for this to happen.
Customers also get to enjoy the freedom to choose between multiple payment options – card, account transfers (internet banking), USSD or QR. This means people can go with their preferred mode of payment and pay seamlessly from the comfort of their homes or offices rather than being boxed into one option only.
Custom-built with the sole objective of bridging the gap between online businesses and their customers, any seller can easily sign up to the RexPay platform in less than five minutes, then begin to receive payments immediately. This is a significant departure from the practice of keeping sellers waiting till the next day before their accounts can be activated.
The safety of the platform guarantees peace of mind to customers who choose to pay with their cards, because there is no chance that their card details will ever be compromised. When considered alongside its quick sign-up process and ease of use, signing up to RexPay becomes a no-brainer for entrepreneurs who intend to scale their businesses in the shortest possible time.
For small businesses that have not grown to the point of hiring accountants, RexPay assists them with easy financial reporting, as all their payments can be simply viewed either on their mobile or desktop devices. With this in place, it is easier for sellers to gain business insight from the reporting tool, which will further help them with planning and forecasting. This, together with the other highlighted features, makes the payment product every online retailer’s best friend.
Big businesses like airlines, e-commerce platforms, revenue-collecting agencies, power distribution companies; educational institutions like schools and vocational centers; and religious organizations like churches and mosques are not left out. End users can easily buy tickets online, settle bills, pay taxes and fees, and also make donations to worthy causes, using this payment gateway.
With RexPay, online sales have come full cycle. A new vista of opportunities is now within reach for online businesses who were hitherto faced with limitations around receiving payments and balancing of books. This new payment gateway by Global Accelerex takes away all that trouble and gives them the liberty to focus on what is most important: scaling their businesses in this rapidly evolving times.
For more information, visit www.myrexpay.com. Sign up here. To learn more about Global Accelerex, visit www.globalaccelerex.com.
Nigerian government, through the Office of the National Security Adviser (ONSA) and the National Information Technology Development Agency (NITDA), has announced a strategic collaboration to strengthen cybersecurity and clean up the nation’s cyberspace.
Recognizing that cybercrime knows no borders, Nigeria also reaffirmed its commitment to fostering stronger global partnerships within the cybersecurity ecosystem.
This announcement was made during a press conference before the inaugural National Cybersecurity Conference, which is scheduled to take place in Abuja from July 9th to 11th, 2025.
Sa’ad Abubakar, national cybersecurity coordinator from the Office of National Security Advisor, said fighting cybercrime must take the whole of society and the whole of the government approach.
According to him, “Apart from the deterrent approach whereby government agencies such as Economic and Financial Crimes Commission (EFCC) arrest individuals, take them to court and prosecute them, the youth can be nurtured into better citizens who can showcase their capacity in better ways and be useful to the country.”
Similarly, Kashifu Abdullahi, director-general, NITDA, also stressed the need for collaborative efforts in fighting cybercrimes.
According to him “Then, in addition to that, we also want to build a stronger global collaboration with the global cyber security ecosystem, because when you look at cybercrime in general, it doesn’t respect the borders.
“Someone can commit a crime from Ghana using a Nigerian ID in the US. So you can look at him physically in a different jurisdiction, pretending to be in another jurisdiction, committing the crime in another jurisdiction.
“So without that kind of synergy and working together, it will be difficult to address these challenges. The third one is challenge. The third one is getting an alternative to cybercrime for our kids in Nigeria. We have this as a major challenge.”
Inuwa further highlighted the upcoming conference’s importance, noting that it would tackle key issues through workshops, discussions on emerging threats, cross-border cybersecurity collaboration strategies, and training programmes.
He also announced that the National Cybersecurity Conference 2025 would feature the Cybersecurity Excellence Awards, recognising top contributions in the field.
The DG extended an invitation to global partners to collaborate with Nigeria in building a safer digital future.
The press conference was attended by notable figures, including Ahmad Sa’ad Abubakar, National Coordinator of, the National Cybersecurity Coordination Centre (NCCC); Hanniel Jafar, Representative of the President, of Cyber Security Experts Association of Nigeria (CSEAN); Ankit Shukla, Managing Director, QNA Marketing Management LLC and members of the press and other stakeholders.
XIAN Telecom has acquired an 8% stake in pan-African e-commerce company Jumia Technologies, citing the platform’s fintech and logistics strengths as key drivers of its backing.
This marks the first major telecom investment in Jumia since MTN Group’s exit in 2020.
AXIAN, a fast-growing telecom and digital services provider with operations across Africa, disclosed the purchase in a Schedule 13D filing with the U.S. Securities and Exchange Commission.
While the financial terms were not disclosed, AXIAN Telecom CEO, Hassan Jaber, described the move as a strategic alignment with Jumia’s growth trajectory and digital ecosystem.
“Jumia’s achievements in digital retail and fintech, particularly through JumiaPay and its logistics network, make it a very attractive investment for us. We believe in Jumia’s potential to promote financial and economic inclusion, which aligns with our core values,” said Jaber.
Once dubbed the “Amazon of Africa,” Jumia became the first African-founded tech company to list on the New York Stock Exchange in 2019.
But years of underperformance, leadership changes, and competitive pressures dented investor confidence.
In October 2020, South Africa’s MTN Group offloaded its 18.9% stake for $138 million, well below the $698 million value it once held post-IPO.
Since then, Jumia has undergone a significant transformation. Under CEO Francis Dufay, appointed in 2022, the company exited low-performing markets like South Africa and Tunisia, cut costs, and doubled down on core markets – Nigeria, Kenya, Egypt, and Morocco.
The firm is now focused on high-growth verticals, including everyday essentials and digital financial services.
Jumia’s regional CEO for East Africa, Vinod Goel, recently revealed plans to scale up international brand offerings and open its logistics network to third-party businesses.
Jaber underscored that AXIAN Telecom’s investment signals renewed confidence in Jumia’s long-term potential.
The telecom firm’s CEO said the company views Jumia as a key player in advancing Africa’s digital economy, aligning with AXIAN’s mission through its fintech and digital infrastructure brands such as Yas and Mixx by Yas.
Abisoye Coker-Odusote, director general, National Identity management commission (NIMC) has said that the commission is set to register 95 percent of Nigerians into the National Identity Database before December 2025.
Abisoye Coker-Odusote,, DG, NIMC
She made this statement at a press briefing to highlight the commissions goal aligns with President Bola Tinubu’s Renewed Hope Agenda, particularly on digital governance and inclusive development.
The mass enrollment drive will be powered by a combination of improved infrastructure, expanded registration centres, and robust public sensitization campaigns.
As of May 2025, NIMC reports over 120 million Nigerians have been enrolled, and about 100 million more would be captured by December.
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