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The Bankers Committee on Thursday announced that it is planning a digital process to tackle fraudulent transactions on foreign exchange (forex) just as it stated that sales are progressing. The Central Bank of Nigeria (CBN) recently stopped the sale of forex to Bureau de Change (BDC) operators and asked banks to take charge. Shortly after […] ....
Unity Bank introduces new code to combat e-banking fraud punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
The value of point of sales transactions made in Nigeria jumped to N3.01 trillion in the first half of 2021, with a total volume of 462.11 million transactions in the same period. This is according to the report released by the Nigeria Inter-Bank Settlement System (NIBSS) for the month of June 2021. This represents a 50% increase compared to N2 trillion recorded in the corresponding period of 2020 and a 10.3% increase against N2.72 trillion recorded in the second half of 2020. The increase in the value of POS transactions in Nigeria shows the spending patterns of Nigerians and payment preferences as compared to cash payments. Highlights ....
UBA, fintech firm Layer partner to boost financial services premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.
With 95% of African consumer payments done in cash, the opportunity to digitize payment in the continent is significant. MSMEs are at the forefront of commerce and banking. Fintech firms, mobile money operators and others are scrambling to develop payment solutions. Which ones will be successful? ....