30 results
- 7 Nov 2018
Cashless Society: Is Nigeria Winning
By Adeniyi Ogunfowoke Technology is forcing both developed and emerging economies to innovate. The cashless society is one such innovation. Cashless society according to Wikipedia…
- 17 Dec 2024
Towards Cashless Societies: Mobile Money Leading the Way in West Africa
Lauded as one of the 21st century’s most transformative financial tools, mobile money has significantly inspired financial inclusion by providing previously unbanked and underbanked populations the…
- 7 Mar 2015
Dissecting CBN’s Cashless Programme In A Cash-Oriented Society
In 2012, when the Central Bank of Nigeria introduced the cashless policy, the crux of the objectives was to encourage more electronic-based transactions for payments of goods, services, and…
- 26 Jul 2023
A Cashless Economy Can Be a Win-Win for Businesses, Nigeria’s Economy
By Yvonne-Faith Elaigwu, Head of Operations and Governance, OnePipe Consider a typical day in the life of Mr. Chukwu, a small business owner in Lagos. His morning ritual invariably starts with a…
- 13 Sept 2012
Zenith Bank, Visafone Join Hands for EaZyMoney
Zenith Bank and Visafone Communications Limited yesterday launched a product called EaZyMoney , to consolidate their leading roles in the evolving cashless society project currently being pursued by…
- 28 Mar 2012
Maltina Supports Cashless Policy with Promo
Maltina, Nigeria’s premium non-alcoholic beverage drink has reiterated its support towards Federal Government’s drive of a cashless society. According to Maltina, this has reflected in the…
- 6 Feb 2012
Technology Distributions Bags Best HP IPG Distributor Award
Technology Distributions Limited has won the HP 2011 Best IPG Distributor in West Africa. The prestigious award, the highest in the printers and supplies category was announced recently at the IPG…
- 4 Jun 2012
Cashlite Programme’ll Lead to Cheaper Lending --Sanusi
Lamido Sanusi Lamido, Central Bank of Nigeria (CBN) governor has expressed confidence that Nigeria’s move towards a cashless society, together with other developments already…
- 7 Feb 2019
Four Reasons to Prepay For Your Online Orders
By Adeniyi Ogunfowoke Despite the efforts of the Central Bank of Nigeria in ensuring that Nigeria becomes a cashless society, some Nigerians still prefer to settle transactions via cash…
- 27 Dec 2017
Banks Spend N34.2Bn on IT, e-Business Infrastructure
Given the drive to support the Central Bank of Nigeria (CBN) policy on cashless society and leverage on Information Technology, a total of eight deposit money banks have spent N34.2 billion on IT and…
- 2 Mar 2014
MM Schemes Achieve N300m in January
Transactions across the various mobile money (MM) schemes in the country hit a record N300 million as at the end of January, underscoring a tipping point in the shift towards the cashless society,…
- 22 Nov 2014
Verve Announces Winners of Verve Cashless Campus Challenge
Verve International, Africa’s leading payment card brand has officially announced the winner of its Verve Cashless Campus Challenge in collaboration with Enactus Nigeria. Verve Cashless Campus…
- 10 Apr 2017
Nigeria Occupies 7th Place on PoS Transactions in Africa
Nigeria occupies seventh position among African countries where the use of point of sale (PoS) form part of transactions, Nigeria CommunicationsWeek has learnt. According to a report by Indexmundi…
- 11 Jan 2017
Bank Note Printing Industry to add $2Bn in Value by 2021 - Report
Smithers Pira, an authority on print industry supply chains, is forecasting the global market value for bank note printing will rise from $9.5 billion in 2016 to $11.2 billion in 2021, a compound…
- 15 Jan 2014
MasterCard, Ecobank Partner for e-Payment in 28 Sub-Saharan African Countries
Ecobank Transnational Inc. and MasterCard, have announced a multi-country licensing agreement which will provide access to MasterCard’s payment solutions for Ecobank’s customers in a further 23…
- 10 Jul 2013
CBN Mulls Biometric Authentication for ATM to Stem Fraud
Central Bank of Nigeria (CBN) is planning to introduce biometric authentication of Point of Sale (POS) and Automated Teller Machines (ATMs) to address safety of customers’ funds and avoid losses…
- 23 Sept 2014
MasterCard-Branded Cards at Ecobank Subsidiaries in 28 African Countries
Ecobank Transnational Inc. and MasterCard on Tuesday announced that consumers can now use their MasterCard prepaid, debit and credit cards at Ecobank’s ATMs and Point of Sale terminals in 28 African…
- 17 Mar 2014
Western Union, Paga Expand Mobile Money Transfer Network in Nigeria
The Western Union Company, a leader in global payment services, on Monday announced the launch of a new mobile money transfer (MMT) service to Nigeria, which increases the reach of Western Union…
- 6 Feb 2012
Brighter Side of Mayan Year
Along with predicting the end of the world in 2012, the ancient Mayan calendar could have helped mankind if it threw in a few forecasts about the economy this year to encourage profligacy or…
- 19 Oct 2015
Ericsson Showcases M-Commerce, Transport Solutions at Transform Africa
Ericsson envisions a Networked Society in which connectivity is the starting point for new ways of innovating, collaborating and socializing. Given that more than half of the world’s population…
- 6 Sept 2012
Defence HQ, New Horizon Join Forces to Tackle Cyber Crimes
The Defence Headquarters and New Horizon, the foremost provider of IT training in Nigeria have agreed to join forces to put measures to tackle fast rising cyber crimes in the country. Air Vice…
- 19 Jul 2016
CECAD Proposes October as Nigerian National Cybersecurity Awareness Month
A media stakeholder group has called on the federal government, through the office of the National Security Adviser to adopt October as the Nigerian National Cybersecurity Awareness month as being…
- 14 Dec 2022
FCMB Provides Quick Response Payment Platform to Merchants
First City Monument Bank (FCMB) has launched a contactless, cardless, and cashless Quick Response (QR) code to boost instant payments for goods and services. The Bank introduced the payment solution…
- 22 Jun 2013
Digital Excitement as Buyright Africa Opens Enugu Office
Buyright Africa Dotcom, Nigeria’s most innovative marketer of ICT products and home appliances, is spreading digital excitement in Enugu, as it establishes a branch in the coal city. The arrival of…
- 23 Jun 2016
Konga Recognised as 'Best eCommerce Logistics Service Provider'
Nigeria’s largest online mall Konga.com has once again been recognized for its innovative solutions in the eCommerce space as its proprietary nationwide delivery Keep On Shipping was awarded the Best…
- 21 Oct 2014
CBN, Reach Consult Cashless Policy Conference Begins Today
The annual stakeholders’ conference on the cashless policy organised by Reach Consult in collaboration with the Central Bank of Nigeria (CBN) begins today in Lagos. The 2-day conference, now in its…
- 19 May 2014
CBN Says There is Excessive Cash in the Economy
Central Bank of Nigeria (CBN) has said the nation runs a cash-based economy and this informed the central bank’s Cash-Lite Policy which aims to reduce the amount of cash in circulation. Kingsley…
- 22 Oct 2021
Appzone Group Launches new Blockchain Solution
Sub-Saharan Africa Fintech software company Appzone Group has announced the launch of Zone, which it describes as the continent’s first blockchain platform for payment processing that facilitates…
- 6 Feb 2020
MTN Phases Out Scratch Cards in Rwanda
MTN Rwanda has announced that it will phase out the sale and distribution of physical airtime vouchers as of February 15, 2020. Airtime will only be purchased and loaded through MTN’s digital…
- 21 Feb 2012
Stakeholders Canvass Internet Ubiquity for ICT Development
As part of its contribution to the development of Information and Communication Technology (ICT) in the country, Digital Jewels last week in Lagos held the 43rd edition of its monthly Information…