Tag: electronic payment

Following a rapid economic growth, consumer-facing industries have quietly grown into a significant economic force in Africa's most populous nation. Over the last decade, the Nigerian telecommunications and banking industries have experienced rapid expansion, serving rising demand and a fast growing middle class. A typical Nigerian consumer nowadays demands a...

Nigerian payments company Paystack has raised Series A funding from global payments leaders Stripe, Visa, and Tencent In little over two years, Paystack has grown to power tens of thousands of businesses of all sizes, and already processes more than 15% of all online payments in Nigeria—Africa’s largest...

Engaging in the CBD business can be a lucrative venture. In 2017 the legal sales of CBD products and medical Marijuana hit the $10 billion mark. However, most of the banks still treat the CBD businesses as high-risk businesses and therefore do not offer payment processing solutions for them. The...

Nigerian startups CredPal and Zowasel win in the Merchant Payments and Financial Inclusion challenges respectively Lagos, Nigeria; 25 July 2018: Visa (NYSE:V), the world’s leader in digital payments, announced Nigerian startups CredPal and Zowasel as winners in the Merchant Payments and Financial Inclusion challenges of its first ever Sub Saharan...

Since its birth in 2012, Jumia has graduated from being just an e-commerce shopping platform to one of the biggest and best processor of payments (see: JumiaPay), flight and ticketing platform (Jumia Travel), food service and restaurant discovery platform (Jumia Food), party drinks and supply (Jumia Party), and recently,...

Jumia is, unarguably, the biggest online e-commerce shopping platform in the whole of Africa. And it doesn't seem the company is ready to vacate that spot for any new or old rival or competition. Ever since the company's inception (as AIG — Africa Internet Group) in Lagos, Nigeria in 2012,...

The modern world is the world of computers and the world of automation. Everything from schools to banks to businesses has now been automated in every function. These organizations have taken a step forward into technological advancement. Perhaps the greatest change that the retail market has seen throughout this decade...

Image source: https://wccftech.com Sending and receiving money has always been problematic in the past but now, the table has turned. PayPal has appeared as a miracle and an easy way out for sending and receiving money. Transferring money has never been this easy! Sending money anywhere on the globe is...

Leading retail banking giant, Diamond Bank Plc, has raised higher the bar in the delivery of unique financial services that suits customers changing lifestyles and needs. In partnership with Women’s World Banking with support from Financial Sector Deepening Africa (FSD Africa) funded by UK aid from the UK government, Diamond...

According to the BBC, 40% of Nigerian woman are entrepreneurs and that is the highest rate across Africa, and Cerve took advantage of this. Cerve, the new kids on the block just recently completed a campaign aimed at empowering 300 female entrepreneurs in the Fashion, Beauty and Retail Industry with...