From the 2023 NIBSS Annual Fraud Landscape report, incidents of fraud in Nigeria have seen a staggering increase, particularly in internet banking. The report noted a 325% rise in fraud losses through internet banking from 2022 to 2023. Mobile, web, and point-of-sale (POS) platforms emerged as the most targeted channels […]
FINTECH
As Nigeria’s digital banking industry continues to expand, the PalmPay app has emerged as a leading platform for individuals seeking to generate additional income. With a robust user base exceeding 30 million and a network of 1.1 million businesses, including 600,000 merchants and 500,000 agents, PalmPay offers unparalleled opportunities in […]
Nigeria’s leading payment service bank, MoneyMaster Payment Service Bank Limited (MMPSB), is set to promote its mobile wallet at this year’s Ojude Oba Festival, taking place in Ijebu Ode, Ogun State. The festival, celebrated annually on the third day of Eid-al-Kabir, showcases different cultural age groups parading to pay homage […]
As the UEFA EURO ‘24 Fiesta kicks off tonight, PalmPay is offering an exciting opportunity for football fans to win amazing prizes, including an iPhone 15 Pro and substantial cash rewards, through its Bet and Win Big promo. Dive into the excitement of the tournament and enhance your chances of […]
Moniepoint MFB, recognized by the Financial Times as Africa’s fastest-growing financial institution, has announced the relaunch of its personal banking referral program. This initiative aims to enrich its customers as they share the Moniepoint experience with family and friends. The revamped referral program is designed to reward users whenever their […]
Moniepoint MFB, Africa’s fastest-growing financial institution according to the Financial Times, has relaunched its personal banking referral program to enrich its customers as they enjoy the Moniepoint experience with family and friends. The referral program is designed to reward users every time their friends or family perform a transaction on Moniepoint after […]
PalmPay is happy to report that onboarding has resumed for both users and merchants on its mobile app, after the Central Bank of Nigeria’s prohibition on onboarding new clients. This significant achievement reflects PalmPay’s continuous dedication to transforming the Nigerian financial services industry by offering seamless, safe, and effective financial […]
PalmPay, a digital financial services provider, has announced the resumption of onboarding new customers. This development follows a thorough review by the Central Bank of Nigeria (CBN), ensuring compliance with regulatory standards. Effective immediately, both individual and business users can once again register for PalmPay’s services. The company expressed its […]
MoMo, the payment service bank under MTN’s ownership, has unveiled an open Application Programming Interface (API) with the aim of bolstering digital wallets within its platform. This move by the PSB encourages companies to seamlessly integrate the API for payment processing and collections. Despite digital wallet users constituting a mere […]
The Central Bank of Nigeria (CBN) has announced the imminent resumption of new customer enrollment for mobile money operators, including prominent fintech firms such as OPay, Palmpay, Kuda Bank, and Moniepoint. CBN Governor Olayemi Cardoso disclosed this during the 295th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday. […]