30 results
- 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…
- 20 Jan 2023
Chams HoldCo Attains Payment Service Holding Company Status
Chams HoldCo, has announced that it has been awarded a Payments Service Holding Company License by the Central Bank of Nigeria (CBN). Whilst speaking on this achievement, the Company’s Group Managing…
- 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…
- 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…
- 4 Aug 2021
CBN Bars PSHCs from Accessing Bank Loans
Central Bank if Nigeria (CBN) has barred the proposed Payments Service Holding Companies (PSHC) from borrowing from the Nigerian banking system for the purpose of capitalising itself or any of its…
- 28 Aug 2017
‘Interswitch Connect’ Maiden Product Tech, Payment Conference Holds Next Month
Interswitch, Africa focused digital payments and commerce company, has announced its first Solutions Fair and Engagement platform tagged “Interswitch connect”. Brett King, Global bestselling author,…
- 7 Dec 2023
NIBSS Orders Banks to Suspend Opay, Flutterwave, Others from Transfer List
Nigeria Inter-Bank Settlement System (NIBSS) has asked banks to delist Payment Solution Service Providers (PSSPs) Switches and Super Agents from its outward payment or transfer list. Payment Solution…
- 3 Aug 2021
CBN Sets N1m as Application Fee for PSHCs Licence
Central Bank of Nigeria (CBN) released guidelines for the establishment and regulation of payments service holding companies (PSHCs) in Nigeria. Musa Jimoh, CBN’s director of payments system…
- 18 Aug 2014
Western Union Partners First Bank on Outbound Service Launch
The Western Union Company, a leader in global payment services, has announced the launch of the outbound remittance service in Nigeria. Since the Western Union Money Transfer service was launched in…
- 15 Jun 2026
CBN Orders Banks, Fintechs to Host Payment Data Locally
The Central Bank of Nigeria has directed banks, fintech firms, and other payment service providers to store payment transaction data generated within the country on local servers from January 1,…
- 29 Aug 2022
9PSB Bags Two Top Awards
9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank focused on financial inclusion has been named the Best New Payment Service Bank by UK-based international publication, Global…
- 21 Oct 2020
PayPal Unveils Service to Enable Users Buy, Hold and Sell Cryptocurrency
PayPal Holdings, Inc. has announced the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signalled its plans to…
- 30 Mar 2021
Accelerex Offers Ghanaian Customers more Digital Payment Options
Accelerex Ghana has hit a new milestone, after being granted an enhanced Payment Service Provider (PSP) licence from the Bank of Ghana (BoG), under the Payment Systems and Services Act, 2019 (Act…
- 16 Jun 2024
MoneyMaster to Showcase Mobile Wallet @ Ojude Oba Festival
As the ancient city of Ijebu ode gets set to host another Ojude Oba festival, Nigeria’s leading payment service bank, Moneymaster Payment Service Bank Limited (MMPSB) has concluded arrangements to be…
- 17 Sept 2014
Interswitch, Paynet Group Form Business Alliance
Interswitch Transnational Holding , the leading pan-African integrated payments company, has sealed a partnership agreement with the Paynet Group (Paynet), East Africa’s leading multi-institutional…
- 26 Jun 2024
Sterling HoldCo Grows Assets To N2.5 Trillion
Major shareholders of one of Nigeria’s leading financial conglomerates, Sterling Financial Holdings Company PLC., expressed their delight with the leadership and financial performance of the group at…
- 24 Feb 2022
SystemSpecs @ 30, Announces Dr. Ndukwe as Chairman
SystemSpecs, Africa’s software and financial technology giant, is commemorating its 30th anniversary and has expanded its operations through the establishment of two subsidiaries – SystemSpecs…
- 15 Jul 2018
Global Accelerex Trains Nigerian Security Agencies on Cyber Crime
Global Accelerex Limited, a Central Bank of Nigeria-licenced Payment Terminal Service Provider and Payment Solution Service Provider, as part of its Corporate Social Responsibility Program, is set to…
- 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 Jul 2019
Interswitch Reignites Plans to Raise $1Bn from IPO
Interswitch, Nigeria’s leading payments processing company has reignited its plans for an initial public offering (IPO), via a dual listing on the Nigerian Stock Exchange and London Stock Exchange…
- 18 Feb 2026
Chams Carves Out Subsidiary to Support Africa’s Digital Transformation
Chams Holding Company Plc, (Chams Holdco), digital payments and verification firm, has created a new subsidiary which is expected to strengthen the push for Africa’s digital transformation. The…
- 26 Oct 2021
Multichoice Loses Appeal on $342m Tax to FIRS
The long-drawn legal battle by the South African Company, Multichoice Africa Holdings B.V, with the Nigerian government-owned Federal Inland Revenue Services (FIRS) over the disputed $342 million tax…
- 3 Apr 2023
Cellulant Sets to Lead Online and Offline Payment Drive Across Businesses in Africa
Cellulant, a leading payments technology company, aims to change how businesses in Africa make and receive payments by introducing online and offline payment solutions. The payments market in Africa…
- 6 Sept 2016
PayPal, MasterCard Reach Deal for Store Payments
MasterCard said yesterday it had expanded its deal with payment processor PayPal Holdings Inc, which would allow customers to use PayPal's payment services in stores. PayPal's partnership follows a…
- 1 Oct 2013
QuickTeller Adds 'Remember Card' Feature to Verve Card
Interswitch, a leading pan-African integrated payment company, in conjunction with Verve International, the payment card solutions division of Interswitch Transnational Holdings, has launched a new…
- 10 Aug 2017
PayPal to Expand Lending Offering with Acquisition
Payments firm PayPal Holdings has agreed to acquire online lending company Swift Financial in a bid to expand its business that provides working capital to merchants. The acquisition will allow…
- 6 Oct 2022
CBN grants Xpress Payments Mobile Money Licence
A subsidiary of Xpress Holdings Limited, Xpress Payments, has been granted a mobile money operator licence by the Central Bank of Nigeria. According to a statement, the licence allows XpressMTS to…
- 21 Feb 2017
TransferWise Partner Facebook to Launches International Money Transfers
Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc's chat application, as competition in the digital payments…
- 21 Feb 2025
Austriacard to Partner Banks, Fintechs, Others Boost Payment System
Austriacard Holdings, an international card and secure chip solution provider, has said it will partner with banks, fintechs and other stakeholders to enhance development of the Nigerian payment…
- 2 May 2019
How PSBs Can Become Nigeria Challenger Banks - Experts
The possibilities of the planned Payment Service Banks (PSBs) revolutionizing the financial services in Nigeria as they usher in a new era of change in delivering innovative payment solutions to…