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One good thing to expect from the Flutterwave and Gbenga Agboola 'scandal' | The Guardian Nigeria News - Nigeria and World News — Saturday Magazine — The Guardian Nigeria News – Nigeria and World News

Even if his response right now is to front a defiant bold face, I will hazard a guess that Olugbenga Agboola, the cofounder, majority shareholder, and CEO of Flutterwave, Nigeria’s buzziest fintech start-up, must be terribly rattled in his psyche. ....

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Verve Cards enters partnership with KCB Uganda

Verve Card acceptance at KCB –Point of Sale locations is the next phase to easing accessibility of payment services The Verve payment scheme has multiple banks, Saccos and MDIs The partnership is aligned with KCB’s agenda to drive digitally led products ....

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The maturity of Nigeria's fintech industry | The Guardian Nigeria News - Nigeria and World News — Opinion — The Guardian Nigeria News – Nigeria and World News

PHOTO: Financial Technology Africa
In the colonial era and the period succeeding it, Africa was treated as a charity by the western powers. Africa was a dependency in deals, and not as a partner. This unbalanced relationship also means that the terms of exchange became unbalanced and unfair. Whilst money, finished products and advanced services flowed into Africa in ample quantities, natural resources serving as raw materials flowed out of the continent in much larger quantities and African leaders were powerless to negotiate, leading to a culture of dependency.
The twenty-first century world looks a little different. Whilst Africa still remains poor in comparison to the rich western countries, there is a significant shift in the dynamics. With increased development, self-awareness and access to technology and information, African leaders now have more to bargain with. Also, there is an increase in human capacity development within many African countries as more people bec ....

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Inactive mobile money clients to be suspended after nine months

If no claim is lodged for a closed electronic or mobile money account within seven years, the National Payment Systems Act indicates, the unclaimed balances shall be transferred to Consolidated Fund ....

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Interswitch launches quickteller business for African SMEs

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Interswitch Group, Africa’s technology-driven company focused on the digitisation of payments in Africa, said it has launched ‘quickteller business’, a new comprehensive corporate solution focused on empowering businesses of all sizes.
In a statement on Wednesday titled ‘Interswitch launches quickteller business for SME growth across Africa’, it stated that it facilitates payments and manages transactions from anywhere in the world – through one, simple integrated platform.
“Complementing Interswitch’s existing quickteller platform, quickteller business will broaden its payment management capabilities to businesses and merchants of all sizes, allowing them to access a wide range of integrated payment offerings, ranging from disbursements to value financing,” it stated. ....

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