30 results
- 16 Oct 2024
9 Payment Service Bank Celebrates 2024 Customer Service Week with Impressive Activities
9 Payment Service Bank (9PSB), Nigeria's leading digital payment service bank dedicated to advancing financial inclusion, celebrated the 2024 Customer Service Week, themed: "Above and Beyond." The…
- 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 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…
- 1 Aug 2024
Flutterwave Gains Ground in Ghana with Enhanced Payment Service Provider License
Flutterwave, a leading payments technology company, has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana. The milestone marks a significant expansion…
- 4 Mar 2018
Banks Outsource Payment Gateway Services to Fintech
Some money deposit banks have started the outsourcing of their payment gateway services to payment platform providers, in a bid to ensure efficient service delivery and focus on traditional banking…
- 19 May 2022
MoMo Payment Service Bank Formally Commences Operations
Following the final approval for a Payment Service Bank (PSB) licence granted by the Central Bank of Nigeria (CBN), MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB) Limited,…
- 30 Sept 2024
SmartCash Named MSME Payment Service Bank of the Year
SmartCash Payment Service Bank, a subsidiary of Airtel Nigeria, has been honored as the MSME Payment Service Bank of the Year at the prestigious inaugural Nairametrics-The Economic Forum MSME Awards,…
- 24 Feb 2025
Smartcash PSB Wins Outstanding Payment Service Bank at New Telegraph Awards
Smartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, has been recognised as the Outstanding Payment Service Bank of the Year 2024 (Fintech) at the New Telegraph Awards, reaffirming…
- 1 Jul 2022
Airtel Africa Launches Smartcash Payment Service Bank in Nigeria
Airtel Africa, telecommunications and mobile money services provider with a presence in 14 countries across Africa, has launched SmartCash Payment Service Bank, its wholly-owned subsidiary, to…
- 14 Mar 2024
Interswitch Merges with M-Kudi, Aims for Payment Service Bank License in Nigeria
Interswitch, backed by Visa, has revealed its merger plans with mobile money provider M-Kudi, signaling its intent to secure a Payment Service Bank (PSB) license from the Central Bank of Nigeria. The…
- 24 May 2016
3rd Party Touch-Based Payment Service to Increase 150%- Deloitte
Deloitte Global has predicted that in 2016, the number of individuals who use a third party touch-based payment service to make a purchase on their mobile devices (smartphones and tablets) should…
- 9 Mar 2015
PayPal Wary of Localising e-Payment Services in Nigeria
PayPal, foremost global payment service company, is still cautious of rolling out programmes locally in the country, after about nine months of entrance into Nigeria and nine other markets in Africa…
- 23 Jan 2024
Smartcash Payment Service Bank Partners Stanbic IBTC Bank to Expand Access to Financial Services
Smartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, has announced its strategic partnership with Stanbic IBTC Bank which will focus on cash deposits and withdrawals for Smartcash…
- 23 Jan 2022
DPO Group Secures Licence to Provide Payments Services in Nigeria
One Payment Limited, a subsidiary of the leading Pan-African digital payments group, DPO Group has been granted a licence by the Central Bank of Nigeria to provide certain types of payments services…
- 19 Sept 2019
CBN Issues AIP To 3 Payment Service Banks
The Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIP) to three Payment Service Banks (PSBs). The three institutions issued approvals in principle to operate as Payment Service…
- 10 Sept 2019
CBN Urges Fintechs, Payment Service Providers to Stick to Standards
The Central Bank of Nigeria has urged financial technology companies, payment service providers and Deposit Money Banks engaged in offering payment solutions to customers to ensure they adhere to…
- 12 May 2022
Interswitch Gets $110m Funding to Scale Digital Payment Services
Interswitch, a digital payments company, has secured a $110 million in joint investment from LeapFrog Investments and Tana Africa Capital to scale its digital payment services across Africa. Mitchell…
- 5 Mar 2021
Access Bank Unveils SWIFTPAY, Digital Payment Service for SMEs
Access bank Plc has unveiled SWIFTPAY, a digital payment service that facilitates the receipt of business payments by enabling customers make quick, easy and secure digital payments on social media…
- 2 Aug 2010
Interswitch Rolls Out Quickteller Services on Payment Channels
Interswitch, Nigeria’s premier electronic transaction switching and payment processing company has rolled out Quickteller services, its value added service platform on all available payment…
- 3 Mar 2021
Access Bank Unveils Digital Payment Service for SMEs
In the bid to facilitate payments between SMEs and their retail customers, Access bank Plc has unveiled SWIFTPAY. The solution is a digital payment service that facilitates the receipt of business…
- 5 Nov 2021
MTN, Airtel Secure Approvals to Operate Payment Service Banks
MTN Nigeria and Airtel Africa have secured approval in principle to operate a payment service bank (PSB). The telecommunications giants disclosed this in regulatory filings on the Nigerian Exchange…
- 11 Apr 2017
Nigeria’s #1 Payments Service Paga, Celebrates 8 Years Anniversary
Paga, Nigeria’s pioneering Payments and Digital Financial Services Company celebrates her 8th anniversary. In 2009, Paga set out with a mission to deliver innovative and universal access to financial…
- 1 Apr 2013
Western Union, VTN Launch Mobile Payment Service
The Western Union Company, the global payment solution provider in partnership with Virtual Terminal Network (VTN), leading Nigerian payment operator have launched a new transfer service that allows…
- 15 Sept 2019
Mastercard Tests Open-loop B2B Payments Service
Mastercard announced the launch of Mastercard Track, an open-loop business payments system designed to help automate the $125 trillion B2B market between buyers and suppliers. Mastercard originally…
- 25 Jul 2016
Pirates Invade Mobile Payments Services Space
Unlicensed mobile payment companies have invaded the country’s mobile financial services ecosystem exploiting the weak regulatory enforcement system and stakeholders are not happy about it. …
- 27 Dec 2020
CBN Revokes Licences of 7 Payment Service Providers
Central Bank of Nigeria (CBN) has announced the revocation of operating licences of seven payment service providers (PSP), and one switch operator. Mr. Godwin Emefiele, CBN governor The apex bank, in…
- 30 Jan 2019
Licensing Telcos for Payment Services, Threat to Banks- GTB
Guaranty Trust Bank otherwise GTB has said that the decision of the Central Bank of Nigeria (CBN) to license telecommunications companies for payment services is a threat to banks operating in the…
- 17 Mar 2019
Payment Service Banks in Nigeria, Lessons from the Past
By Emmanuel Okoegwale Ten years ago, there was great optimism that the licensing of mobile money providers will usher in a new era in the drive for greater financial inclusion and fill the vacuum…
- 25 Jan 2023
Interswitch Secures CBN Payments Service Holding Company License
Interswitch Group, one of Africa’s financial technology and integrated payments solution providers have disclosed it has received a Payments Service Holding Company (PSHC) License issued by the…
- 16 Feb 2023
CBN Renews Cellulant’s Payment Service Solution Provider Licence
The Central Bank of Nigeria (CBN) has renewed Cellulant’s Payment Service Solution Provider License in Nigeria. This license enables Cellulant to continue providing online and offline payment…