The Director-General, National Pension Commission, Aisha Dahir-Umar, has said PenCom is protecting the interest of contributors as funds rise under the Contributory Pension Scheme. The director-general, who was represented at the event by the Head, Corporate Communications Department, Abdulqadir Dahiru, spoke during the 2023 Journalists’ Conference in Lagos. She said, […]
FINTECH
The Federal Government has unveiled that it has partnered Wema Bank to establish micro, small and medium enterprise, MSME, digital hubs in seven states. This was disclosed in a statement signed by the Director of Information to Vice President, Olusola Abiola, saying the hub would empower one million youths with […]
One of the most significant trends in the African payments sector is the increasing collaboration between banks and fintech companies. Banks, as regulated entities, play a critical role in processing funds, which then flow into digital wallets where fintechs are best positioned to provide digital services. By working together, banks […]
Mr. Niyi Toluwalope, the CEO of eTranzact, an electronic and mobile payment solution company in Nigeria, has stated that the Nigerian payment system is among the best in the world. Toluwalope made this statement during a seminar for finance correspondents and editors organized by the Central Bank of Nigeria (CBN) […]
“G-kala”, the flagship product of leading Payment Service Bank, MoneyMaster PSB, was on Wednesday, February 8, 2023, introduced to deepen financial inclusion in the country and serve the interest of the under-banked and unbanked population. The occasion was at a special stakeholder event organised by MoneyMaster, which had in attendance […]
Interswitch Group, one of Africa’s leading financial technology and integrated payments solution providers, has announced receipt of a payments service holding company (PSHC) licence from the Central Bank of Nigeria (CBN). This follows an earlier announcement by the CBN regarding new licensing categories for participants in the Nigerian payments system. […]