23 results
- 17 Nov 2025
Mastercard and Zenith Bank Launch Essential Debit Card to Boost Financial Inclusion in Nigeria
Mastercard and Zenith Bank have collaborated to launch the Essential Debit Card, scalable solution designed to enhance access to secure digital payments in Nigeria. L–R: Oluwadamilare Mesimo,…
- 10 Mar 2022
Zenith Bank Suspends Naira Card International Usage
Zenith Bank Plc has suspended the use of its Naira cards on automated teller machines (ATM) point of sale terminals (POS) outside the country as it reviewed naira card monthly spending via web…
- 1 Apr 2020
Nigerian Banks Cap Debit Card Withdrawal Limit Abroad
Banks in Nigeria are placing limits on the amount any individual can withdraw from the ATMs using their debit cards while they are abroad. According to Reuters, these moves usually come from the…
- 6 Jan 2023
Zenith Bank Suspends International Transaction On Naira Cards
Zenith Bank has suspended international transactions on its naira cards from Monday, January 9, 2023. The bank said this in a recent notice to its customers. It also temporarily suspended…
- 3 Oct 2024
Zenith Bank Assures Customers on Seamless Transactions, Apologizes for Disruptions During Infrastructure Upgrade
Zenith Bank, Nigeria's leading financial institution, has reassured its customers of improved services following recent infrastructure upgrades. In a message posted on Thursday, the bank apologised…
- 19 Jul 2020
Banks to Stop or Limit Debit Card Spending abroad as Forex Crisis Worsens
Beginning today, banks in the country are expected to either suspend or reduce the amount their customers can spend abroad using debit cards. It is yet more worrying sign of the country’s worsening…
- 19 Mar 2025
Court Slams Zenith Bank with N30m Damages over Fraudulent Debits in Customer’s Account
Justice Alexander Owoeye of the Federal High Court in Lagos has ordered Zenith Bank Plc to pay Christomax Concept Limited the sum of N30 million as general and aggravated damages for fraudulently and…
- 21 Jul 2008
New ATM Cards to Cost Banks N11bn
The financial industry will spend at least some N11 billion in the unification of cards technology and upgrade of their platforms to EMV compliant chip cards, Nigeria CommunicationsWeek…
- 19 Dec 2016
Zenith Bank, Mastercard Partnership Set to Strengthen Ghana’s Banking System
Mastercard and Zenith Bank have extended their partnership in West Africa to now include Ghana. The agreement is geared towards issuing a suite of digital payment solutions that include prepaid,…
- 14 Jan 2019
Zenith Bank Excites Customers with Account Blocking Code
Zenith Bank has introduced Account Blocking code 966911#, which now allows customers who suspect their accounts have been compromised, or who lost/misplaced their debit (ATM) cards to dial the Block…
- 14 Mar 2022
Nigerian Banks Suspend Card Withdrawals Abroad
Nigerian banks have suspended individual withdrawals with local debit cards abroad and toughened limits on online payments, bankers said on Monday, after the Central Bank of Nigeria (CBN) last month…
- 21 Aug 2018
CBN Slams N34.1m Fines on 3 Banks for Market Infractions
Central Bank of Nigeria (CBN) has sanctioned Guaranty Trust Bank Plc (GTBank), Zenith Bank Plc and Stanbic Holdings Plc N34.1 million over different market infractions in the first six months of…
- 19 Jul 2017
Verve International Partners 13 Banks, Mobile Money Operators
Verve International has announced its strategic partnership with Nigerian banks and Mobile Money Operators to deploy Cardless transaction infrastructure across all states in the country. Known as…
- 23 May 2021
Customers Bleed Under Burden of Charges as Banks Post N933Bn Profit
12 commercial banks had jointly pulled in N933.16 billion in profits and made N216.52 billion from charges on electronic transactions, as customers continue to complain of excessive fees that they…
- 9 Nov 2015
Konga Says Secured "KongaPay" Boosts Users' Trust on eCommerce
Konga.com, Nigeria’s largest online marketplace, has tipped its e-payment solution- KongaPay as morale booster for e-commerce market buyers and sellers in the country, as the platform is made…
- 14 Jan 2013
Banga, MasterCard CEO Applauds Cashless Nigeria Policy
Ajay Banga, president and CEO of MasterCard Worldwide said that Nigeria has witnessed a remarkable reform in its electronic payments sector over the past two years, with financial institutions,…
- 11 Jan 2010
ATM: Most Banks Yet to Comply with EMV Standard
Only five out of the 24 banks in the country have migrated from the old magnetic stripe cards to the required Europay MasterCard Visa (EMV) technology-backed chip and pin card meaning that the rest…
- 2 Dec 2015
Verve Launches ’Verve world’ Mobile app
Verve International has launched a revolutionary mobile app, ‘Verve World’, which enables cardholders to store all their payment options and to carry out everyday transactions without physically…
- 10 Nov 2009
Cyber Crime Fight Must Be Fought with Technology –Kola
Kola Olugbodi is the managing director of Background Check International, the arrowhead of the background screening industry in Nigeria and also one of the foremost African members of the National…
- 10 Feb 2022
Positive Indicators for Nigeria's Digital Economy
Nigeria's fast growing youth population, expanding consumer power, and increasing smartphone penetration, provides a strong basis for online commerce and financial technology in Nigeria. The current…
- 21 Jan 2013
Banks Begin Cash Reversal on ATMs
Most money deposit banks in the country have begun immediate cash reversals of uncompleted transactions on their Automated Teller Machines (ATMs) and customers are happy about it, Nigeria…
- 17 Aug 2010
Visa Card Beats Competition, Now Market Leader in Nigeria
Bursts of the transactions with Visa card on Automated Teller Machines (ATM) and Point of Sale Terminal (POS) have suddenly and surprisingly pushed Valucard Plc to the top of the e-payment processing…
- 23 Jul 2017
mVisa App Relies On Four Key Pillars, Relishes Mobile Money in Nigeria
mVisa, a mobile solution by Visa will bring the benefits of easy and secure digital commerce to financial institutions, merchants and consumers in Nigeria based on four key pillars. The four key…