30 results
- 26 Apr 2010
CBN Decries Under-Funding, Inefficiency of Cash Handing Services
The Central Bank of Nigeria (CBN) has berated some cash handling services companies for being underfunded, inefficient and uncoordinated in the provision of cash-in-transit and currency sorting…
- 3 Mar 2021
MTN Expands MoMo Cardless Cash Withdrawal Service to Over 20 Banks and 20 Other Financial Institutions
MTN through its Y’ello Digital Financial Services expanded its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial institutions nationwide, providing seamless financial…
- 19 Mar 2021
MTN Expands Cardless Cash Withdrawal Service to Over 40 banks, Other Financial Institutions
MTN Nigeria through its Y’ello Digital Financial Services has expanded its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial institutions nationwide, providing seamless…
- 7 Apr 2021
Mobile Money: MTN Expands Cardless Cash Withdrawal Service to 44 Financial Institutions
Following the recent USSD drama, Y’ello Digital Financial Services (YDFS) has announced the expansion of its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial…
- 13 Sept 2017
MasterCard to Roll out Mobile Emergency Cash Service at ATMs
MasterCard has announced plans to roll out a mobile service that turns the ATM into an emergency cash hub, and that makes cash available for pickup even when the recipient has no bank account or…
- 4 Sept 2018
Xoom, Ria Partner on Cash Pickup Service for International Remittances
Xoom, the international money transfer service of PayPal, has partnered with Ria, a subsidiary of IAD and transaction processing provider Euronet Worldwide, to offer cash pick-up service to Xoom…
- 29 Nov 2013
MTN Uganda, Interswitch Launch Mobile Money ATM Cash Out Service
MTN Uganda, the leading Mobile Money network, has partnered with Interswitch Uganda to further increase their ATM Cash out footprint by allowing customers to cash out at all Interswitch’s ATMs across…
- 23 Jul 2024
Subscribers to Receive Cash in Glo Flex Win Lottery Service
Data Solutions provider, Globacom, has launched a new lottery service tagged Glo Flex Win which gives subscribers the chance to test their knowledge and win cash rewards. Globacom explained in a…
- 15 Oct 2015
Stanbic IBTC Bank Launches Automated Cash Deposit, Recycling Solution
To deepen the Central Bank of Nigeria (CBN)’s cashless policy, Stanbic IBTC Bank, a member of Standard Bank Group, has implemented the usage of an Automated Cash Deposit and Recycling solution to…
- 8 Dec 2009
Huge Debt Profile May Scare CWG, XLCMS from ATMC Acquisition
Potential buyers of Automated Teller Machine Consortium (ATMC), the struggling Nigeria’s premier independent ATM deployer (IAD) may change their minds following discovering that…
- 6 Jun 2018
MasterCard, Nixdorf to Pilot Cardless ATM Solutions
Diebold Nixdorf is teaming up with MasterCard to pilot test two cash provision services — MasterCard Cash Pick-Up and Cardless ATM powered by MasterCard. With MasterCard Cash Pick-Up, banks can…
- 14 Jun 2018
BW to Deploy Transtrack CWC for ATM, Retail Cash Management
Bankers Warehouse, a Nigerian full-service cash management and handling business, has tapped software solutions provider Transtrack International to deploy CashWebCommunity software. According to a…
- 6 Nov 2023
Chipper Cash Strengthens Partnership with Visa
Chipper Cash, a financial services company serving over five million customers across Africa and the US, has announced a strategic partnership with Visa to drive growth and financial inclusion across…
- 30 Jul 2013
NIpost, CBN Evaluate Partnership on Cash Less Regime
Nigerian Postal Service (Nipost), said the collaboration between Nipost and Central Bank of Nigeria (CBN) on cash less policy was undergoing evaluation. Alhaji Ibrahim Baba, postmaster-general told…
- 5 May 2025
NIPOST Suspends Cash Transactions Nationwide
Nigerian Postal Service (NIPOST) has declared July 1, 2025, as the deadline for phasing out cash transactions across all its offices nationwide. This was disclosed in a statement issued on Monday by…
- 20 May 2017
Payment Card Use Sees Double-digit Global Growth in 2016
Global card purchase volume for goods and services (excluding cash advances on credit cards and cash withdrawals on debit cards), grew 5.8 percent to $20.606 trillion in 2016, according to The Nilson…
- 9 Jul 2020
AtaraPay Redefines e-commerce Space
AtaraPay, an online escrow service has reiterated its commitment toward redefining and enhancing cash on delivery service in Nigeria in a way that promotes trust, transparency and protects the…
- 17 Mar 2018
Keystone Bank, NIPOST Partner to Launch Agency Banking
Keystone Bank Limited has launched “KeyServ”(An Agency Banking proposition) to serve customers outside its conventional brick & mortar mode of banking. The initiative, which is in…
- 24 Apr 2018
Keystone Bank Partners CeLD, Launches ‘CashToken’ Customers
Keystone Bank has partnered with a ‘Cash Reward as-a-Service Company’, CeLD Innovations Limited, to launch a ground-breaking product, ‘CashToken’, a new age of hyper consumer centricity in Nigeria.…
- 28 Mar 2025
NCS to Launch Electronic System for Cash Declarations at Airports
Nigeria Customs Service (NCS) is set to introduce an electronic declaration system to streamline and enhance compliance for travelers carrying cash into or out of Nigeria. Speaking in an interview…
- 19 Sept 2019
Rethinking Agency Banking with New Innovations in Nigeria
Emmanuel Okoegwale Few weeks ago, I attended a national financial services agency forum, organized by one of the leading industry players in Nigeria with very impressive attendance from agents,…
- 20 Sept 2021
SOLAD Partners Quickteller, Paypoint to Expand its Digital Power Offering to Agent Banking Providers
Solad Power Group has joined the Interswitch Financial Inclusion Services Limited agent banking network, known as Quickteller Paypoint as a sub-agent. The move enables Solad to digitise collections…
- 22 Jun 2018
Bankers Warehouse Deploys Transtrack CWC for ATM
Bankers Warehouse, a Nigerian full-service cash management and handling business, has tapped software solutions provider Transtrack International to deploy CashWebCommunity software. According…
- 18 Aug 2014
Nomanini Mobile POS Hits Million Transactions
Nomanini, South African-based mobile point of sale (PoS) service for facilitating cash transactions in emerging markets has announced that informal vendors and micro-entrepreneurs across Africa…
- 18 Jul 2024
Unity Bank Customers Win Over N4 Million in Cashtoken Rewards Promo
Unity Bank customers have claimed over N4 million in cash rewards in its ongoing loyalty programme recently rolled out with Cashtoken, a Cash Reward-as-a-Service company. The winners included no…
- 22 Dec 2008
Nipost‘s Re-engineering
The developments in the world have brought about the need for Nipost to re-strategize its methods of doing business. Globalization has actually made letter post and other older forms of communication…
- 24 Nov 2020
9PSB Launches Nigeria’s First Digital Lifestyle Bank
The Nigerian banking sector has been set on a new innovative course with the launch of a digital lifestyle bank, 9 Payment Service Bank (9PSB), the first of its kind in the financial industry.…
- 9 Feb 2020
Moneygram Secures $9M Investment
Moneygram, a money-transfer company, has secured $9 million investment from the Brink's Company according to a company release. Brink's, a cash management and ATM services firm, said the investment…
- 26 Mar 2012
Payair Launches Next Generation Mobile Payment Service
Payair, the leading provider of mobile payments is now launching the next generation of mobile payment services, a solution which not only handles the payment process with both support for NFC and…
- 19 Jan 2009
Mobile Payment: Potential and reality for Nigeria
The ability to pay for goods and services without having to carry cash or cards has universal appeal. In Africa it is being driven by the need to reduce the risk of theft. The mobile is ideal…