30 results
- 8 Nov 2012
MasterCard @ World Bank Summit, Showcases Cashless Nigeria
MasterCard, global payments and Technology Company has presented the Central Bank of Nigeria’s (CBN) Cashless Policy as a best practice case study at the Africa investor-World Bank Group Africa CEO…
- 2 Nov 2014
E-PPAN, NIBSS Upbeat on Strategic Cashless Nigeria
The Nigeria Inter-Bank Settlement System Plc (NIBSS) and the Electronic Payment Providers Association of Nigeria (E-PPAN) said that through strategic alliances and partnerships across the e-payments…
- 10 Jul 2016
Cashless Nigeria @ 2: Stakeholders Chart Areas of Focus
Stakeholders in the electronic payment space have commended the success so far recorded in the cashless Nigeria initiative of the Central Bank of Nigeria (CBN) which clocks two years this July, even…
- 27 Sept 2012
MasterCard, Flying Dove in Retail Collaboration to Support Cashless Nigeria
MasterCard has announced its first collaborative relationship with a local Nigerian retailer, Flying Dove Limited, authorized distributors for Sony Corporation and owners and operators of Sony…
- 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,…
- 6 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…
- 8 Sept 2022
E-commerce Firms Promoting Nigeria's Cashless Economy Policy
With the innovations by e-commerce platforms, more Nigerians including retailers are keying to the cashless policy of the Central Bank of Nigeria (CBN). The policy is targeted at tackling some of the…
- 2 May 2023
Four Technologies that can Drive Nigeria’s Cashless Economy
By Victor Irechukwu, Head of Engineering, OnePipe Waving your hand to pay after shopping at a store, or simply placing your mobile phone on the checkout counter could seem strange - at least to a…
- 11 Jun 2012
East Africa Going Cashless: Lessons for Nigeria
Last month at the Open Africa Innovation summit in Nairobi which was hosted by Nokia and World Bank group, subject matter experts, innovators, technology providers ,policy / regulators…
- 16 Feb 2025
inDrive Unveils Cashless Bank Transfer Feature in Nigeria
inDrive, a global ride-hailing platform operating in nine African countries, has introduced “Light Cashless,” an innovative new payment feature in Nigeria designed to enhance safety and convenience…
- 21 Jun 2017
Nigeria’s NetPlus, Mastercard Deliver Cashless Online Shopping Payment Solution
The African e-commerce sector is plagued by cash, with the majority of payments still being made in cash at the point of delivery. Understanding the impact of this challenge, Mastercard has partnered…
- 18 Jul 2015
NIBSS, Global Tech Giants Partner on Cashless Policy
Nigeria’s cashless policy agenda received a boost recently as the Nigeria Inter-Bank Settlement Systems PLC (NIBSS), in conjunction with two global technology giants, Samsung and International…
- 17 Jul 2012
Nigeria Ripe but Not Ready for Cashless Transactions - Awe
Jide Awe is the chief executive officer of Jidaw Systems, a training, certification and career development company focused on fundamentals for building IT careers. Awe is also chairman, Publicity…
- 7 Sept 2013
CBN Oils NIPOST Facilities for Cashless Initiative
Central Bank of Nigeria (CBN) at the weekend said that Nigeria Postal Service (NIPOST) is gearing up to commence cashless banking initiative. Mr. Tunde Lemo, deputy governor, Operations, Central Bank…
- 18 Sept 2013
PayMe: Nigeria's Version of PayPal Debuts
The cashless initiative of the Central Bank of Nigeria (CBN) has received another boost with the introduction of payme.ng, an innovative, easy to use cashless payment service similar. Payme,…
- 22 Mar 2012
CBN Reviews Cashless Policy
The Central Bank of Nigeria (CBN) has reviewed its cashless policy aimed at reducing the amount of cash in circulation. The apex bank said in a statement that the review of the policy was needed to…
- 30 Sept 2013
MasterCard Launches Priceless Africa, Rates CBN’s Cashless Successful
By end of Q4, 2013 Nigeria’s gross domestic product (GDP) ranking would have surpassed South Africa’s and making the oil rich West African nation the largest economy in the continent; Daniel…
- 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…
- 8 May 2014
100m Mobile Phone Users can Support Cashless Policy - CBN
The Central Bank of Nigeria (CBN) says Nigeria has more than 100 million mobile phone users that can support cashless policy. Aaron Yaduma, Head of CBN’s Shared Services, stated this on Thursday at…
- 6 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…
- 16 Dec 2022
AMMBAN Petitions Buhari, NASS over CBN Policy on Cash Withdrawal Limit
A group under the aegis of Point of Sale ( POS Operators ) in Nigeria Friday kicked against the cashless policy of the Central Bank of Nigeria ( CBN ) that wants to cash withdrawal of money by…
- 19 Feb 2014
CBN Urges Nigerians to Embrace Cashless Policy
The Central Bank of Nigeria has again urged Nigerians to embrace the new cashless policy of the bank to enhance economic growth. Aaron Yeduma of the Shared Services Department in CBN, Abuja, made the…
- 26 Mar 2012
Cashless Policy to Raise Interbank Processing to Over N2.4tr
Transaction processing for banks and other financial services is set to surpass $15 billion (2.4 trillion) this year, as the Central Bank of Nigeria (CBN) intensifies implementation of the cashless…
- 18 Aug 2014
NCC Vows to Protect Telcos in MM Scheme
Nigeria Communications Commission (NCC) is to push for the protection of telecommunications companies which own and drive the technology on which mobile cashless transaction thrives, Nigeria…
- 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…
- 11 Nov 2020
British Envoy Lauds Lagos Govt on Cashless Policy and Financial Inclusion Drive
Ben Llewellyn-Jones, British Deputy High Commissioner (DHC) has lauded Lagos State for driving cashless policy and financial inclusion in Nigeria He stated this on Wednesday, while delivering a…
- 4 Jul 2014
SystemSpecs’ Remita Platform to Deepen CBN Cashless Policy
SystemSpecs Nigeria, an indigenous and wholly-Nigerian firm, has introduced Remita, a one-stop multi-bank shared services platform for processing e-payments, e-collections, e-payroll, and e-schedules…
- 5 Mar 2012
Cashless: Banks Battle for Market Share with Array of e-Products
To align with the Central Bank of Nigeria (CBN) directive on going cashless and to remain at the top of their games, deposit money banks (DMB) have begun introduction of arrays of e-products to meet…
- 26 Aug 2012
CBN Urges Support for Cashless Project
Central Bank of Nigeria (CBN) has called for concerted effort by stakeholders to ensure the success of the cashless monetary policy arguing that the policy would lead to the attainment of the…
- 27 Nov 2020
Innovectives Partners Mastercard on SME-in-a-Box Cashless Solution
Innovectives Limited, Nigeria’s fintech firm has said it is excited to work with the amazing team at Mastercard and partner fintechs to unlock rapid growth through digitization for small businesses…