30 results
- 9 Feb 2015
CWG Earns CBN PTSP Operational Licence
Computer Warehouse Group Plc (CWG), the leading Pan-African ICT Company has been issued the license to perform the activities of Payment Terminal Service Provider (PTSP) to Point-of-Sale terminals…
- 19 Nov 2014
CBN Grants 3GEE PAY PTSP License
Nigeria’s payment system has received a boost as the Central Bank of Nigeria, (CBN) has approved 3GEE Pay Limited as a new Payment Terminal Service Provider (PTSP). By the appointment, 3GEE PAY is to…
- 15 Oct 2017
Global Accelerex Revolutionizes Digital Payment with NEXGO G2
Global Accelerex, a Central Bank of Nigeria licensed and fully certified Payment Terminal Service Provider (PTSP) has launched Nexgo G2, an innovative point of sale (PoS) terminal into the electronic…
- 26 Jun 2012
Loyalty & Innovative Services Keys to e-Payment Adoption - Ogungbade
Tunde Ogungbade is the managing director of Global Accelerex. He spent the first decade of his career in consulting and has worked with global companies like Price WaterCooper, Ernst and Yong and…
- 21 Apr 2019
Financial Inclusion Agents Decry Challenges with PoS, Others
As the central bank of Nigeria (CBN), drives financial inclusion with giant strides and NIBBS upgrading her system to accommodate the projected 600m point of sale (PoS) terminal transactions this…
- 27 May 2021
CBN Sets N2Bn as Capital Requirement for Fintechs
Central Bank of Nigeria (CBN) has set capital benchmarks for firms involved financial technology and payment operations (Fintechs). Those in the top category, dealing with switching and processing,…
- 5 Apr 2012
Valucard Metamorphoses into Unified Payments Company
ValuCard Nigeria Limited, foremost payment industry solutions provider has shed its toga to become a Unified Payment Services Limited. Bisi Onasanya, chairman, Board of Directors, Unified Payments®,…
- 14 Aug 2013
Unified Payments Addresses Issues at PoS with Solution
Unified Payments, an electronic payment service provider is to launch a solution that will address the challenges of poor telecommunications infrastructure at Point of Sale (PoS) terminals, Nigeria…
- 9 Sept 2013
More Nigerians Embrace PoS as Transactions Rise
The popularity of point of sale (PoS) terminal has continued to soar as more Nigerians have started using the computerized replacement for a cash register to pay for goods and services, Nigeria…
- 3 Sept 2014
CWG’s New Business Strategy Impacts its Half Year Financial Report
Computer Warehouse Group (CWG Plc), at the twilight of a five year strategic plan to take the company in a different direction into a more robust subscription business model, paused to evaluate the…
- 28 Aug 2014
Unified Payments Pioneers Processing of National eID Cards
In further demonstration of its leadership role in the e-payment industry, Unified Payments has announced its pioneering role in processing the payment application in the new National Electronic ID…
- 29 Jun 2015
CWG 2.0 Business Model begins Yielding Fruit in H2 2015
Mr. Austin Okere, chief executive officer of Computer Warehouse Group (CWG) Plc, has said that the Company’s subscription business has begun to yield fruits. This statement was made by the CWG boss…
- 4 Oct 2015
Industry Mulls Cashback on PoS to Drive Cashless Scheme
Central Bank of Nigeria (CBN) Banks and Payments Terminal Service Providers (PTSPs) are working on the introduction of cashback from point of sale (PoS) terminal, in an effort to further drive…
- 21 Mar 2016
Interswitch Emerges Most Efficient Payment Processor in Nigeria
Interswitch Limited, Africa’s leading digital payments and commerce provider has emerged as a multiple award winner at the maiden edition of the Electronic Payment Incentive Scheme (EPIS) Awards…
- 30 Oct 2016
Deployment, Awareness Frustrate CBN Cash Back on POS
Slow deployment and lack of awareness have conspired to hobble the cash back on Point of Sale terminals (PoS) initiative by the Central Bank of Nigeria (CBN) in collaboration with banks, aimed at…
- 3 Feb 2017
Wi-Pay Global Granted Approval for International Remittance Services
Wi-PAY Global has announced that it has been granted registration approval to carry out international money remittance by the Financial Conduct Authority in the United Kingdom. In a letter received…
- 13 Sept 2017
Innovation Summit to Address Gaps in Payment System
A summit on Point of Sales (PoS) terminal transactions in the country has been scheduled to hold in Lagos on the 29th September 2017. The program which is an intervention to address the gaps…
- 8 Apr 2019
ITEX Emerges CBN Most Efficient Payment Terminal Service Provider
Itex Integrated Services Ltd, a Pan African Financial Technology company that provides innovative solutions for commerce and payment acceptance, has emerged winner of the “Most Efficient Payment…
- 16 Jul 2020
Global Accelerex Delights Uber Riders with Moove Partnership
Africa’s leading financial technology company, Global Accelerex Ltd, has partnered with Moove, Uber’s preferred fleet partner in sub-Saharan Africa, to make payments seamless for riders across…
- 28 Dec 2020
Why We Opted Out of Transaction Switching Business-3Line
3Line Card Management Limited, Nigeria’s fintech firm has explained that it opted out of payment transaction switching services because it no longer aligns with its overall business strategy. The…
- 4 Jan 2021
CBN Fixes N2Bn Capital for Mobile Money Operators
Central Bank of Nigeria (CBN) has directed in a circular signed by Musa Jimoh, its director, Payments System Management Department that Mobile Money Operators (MMOs) are to maintain a minimum of N2…
- 21 Mar 2021
CBN to Increase COVID-19 TCF to N300Bn
Central Bank of Nigeria (CBN) has said it will increase its Targeted Credit Facility for households and small and medium enterprises from N150 billion to N300 billion. Godwin Emefiele, governor of…
- 1 Aug 2021
Accelerex Demonstrates Fintech Leadership with Two Awards @ BoICT
One of Nigeria’s foremost financial technology companies, Global Accelerex (Accelerex), has yet again demonstrated its leadership in the financial technology industry by clinching the FinTech…
- 27 Apr 2026
Reliable Payment Rails Key to Financial Inclusion - TeamApt
Stakeholders at the Payment Forum Nigeria 2026 have emphasised the need for robust and reliable payment infrastructure to drive financial inclusion, particularly among small businesses, merchants,…
- 19 Mar 2012
Cashless Policy: Active PoS Terminals Hit 30,000
Chike Onwuegbuchi Cashless Policy: Active PoS Terminals Hit 30,000 Total active point of sale (PoS) terminals, electronic devices used for verifying and processing transactions at merchant locations…
- 5 May 2026
UBA, Redtech, MoMo PSB Expand Merchant Payment Access Across Nigeria
United Bank for Africa (UBA), Redtech, and MoMo PSB have launched a payment interoperability partnership that expands cardless payment access for consumers and merchants across Nigeria. Redtech is…
- 7 May 2012
Unified Payments Bags E-payment Service Provider 2011 Award
Unified Payments has emerged winner as E-payment Service Provider for 2011 in the just concluded Beacon of ICT Awards by Communication Media Limited, publishers of Nigeria CommunicationsWeek…
- 26 Jun 2012
Cash-lite Operators Plan 200,000 PoS by Year End
Point of Sale terminal (PoS) operators in the Central Bank of Nigeria (CBN) cashless policy plan to deploy 200,000 terminals by the end of the year, Nigeria CommunicationsWeek can now report.…
- 8 Oct 2012
PoS Value Transactions Hit N1Bn
Value of transactions on Point of Sale (PoS) terminals recorded an all time high of N1 billion after over 60,000 deals were struck on the machines in the last week of September this year, indicating…
- 4 Feb 2013
PoS Transactions Hit 141, 000 Weekly
Volume of transaction on Point of Sale (PoS) terminals hit an all time high of 141, 000 between January 7 and 14 this year, indicating that the Central Bank of Nigeria policy on PoS transaction is…