NIGERIA:Unified Payments Pioneers Processing of National eID

AUGUST 292015 PRESS RELEASE In further demonstration of its leadership role in the epayment industry Unified Payments is pleased to announce its pioneering role in processing the payment application in the new National Electronic ID Card eID being issued by the National Identity Management Commission NIMC With the eID card citizens will have the ability to deposit funds receive social benefits pay for goods and services at Merchant locations within and outside Nigeria as well as draw cash from ATMs around the world Under the processing arrangement citizens identity data will be hosted and managed exclusively by NIMC while ...[ more]

Filed Under Nigeria

SimplePay releases SimpleGiving. The easiest way to give to

AUGUST 282014 PRESS RELEASE From the convenience of your desktop to the palm of your hand SimplePay has simplified the lives of thousands of connected Nigerians by eliminating physical cash from financial transactions Now with the release of the standalone SimpleGiving app one more type of transaction donating to your church can be made faster easier and safer Users can make a donation to their church from the convenience of their mobile with two clicks from anywhere in the world Users without an Android phone can donate from the SimplePay web site athttpssimplepay4ucom or using a friends phone with their own login We actually...[ more]

Filed Under Nigeria

Nigeria conducts $600m transactions via mobile money in two

AUGUST 282014 GUARDIAN NEWS BEWTEEN 2012 and now about 600 million transactions have been carried out through the mobile money platform in Nigeria This figure according to the Minister of Communications Technology Dr Omobola Johnson was attained from 11 million transactions Johnson while making a presentation at the American Business Council in Lagos noted that there are over 18 mobile money operators registered in Nigeria by the Central Bank of Nigeria since commencement of operations with over one million subscribers and about 67000 registered agents across the country She informed that whilst uptake has been initially slow improvi...[ more]

Filed Under Nigeria

NIGERIA:Glo Set To Launch Mobile Money Agent Network

AUGUST 202014 PM NEWS Major telecoms service provider in Nigeria Globacom is set to launch a Mobile Money Agent Network called Glo Xchange in partnership with licensed mobile money operators Firstmonie Ecobank and Stanbic IBTC The initiative will accelerate the mobile money revolution as it will avail the industry of the much needed distribution network According to a statement from Globacom the launch will hold at the Grand Ball Room of Eko Hotels and Suites on Victoria Island The Governor of Central Bank of Nigeria CBN Mr Godwin Emefiele is confirmed to launch the initiative in the midst of senior officials of government and parastat...[ more]

Filed Under Nigeria

Sovereign Trust Insurance PLC and VTNetwork Launch Partnersh

AUGUST 202014 PRESS RELEASE VTN VCASH subscribers in Nigeria can now go online or use their mobile phones to obtain an array of insurance products through this partnership LAGOS 20th AUGUST 2014 Sovereign Trust Insurance PLC NSE SOVRENINS a leading company providing insurance services of global standards and VTNetwork VTN one of Nigerias leading mobile payment operators today launched initial services which focus on accessible insurance policies Peter Ojo Chief Executive Officer VTN spoke of a collaboration of innovators Sovereign Trust Insurance is a market leader This is a worldclass opportunity to for the first time offer ex...[ more]

Filed Under Nigeria

NIGERIA:CBN Selects 1000 Bank Branches for BVN Registration

AUGUST 182014 THISDAY NEWSPAPER The Central Bank of Nigeria CBN has selected 1000 bank branches for the second phase of the registration of bank customers on the Bank Verification Number BVN Of this amount First City Monument Bank Limited FCMB has announced that 44 of its branches in Lagos as well as at its head office were selected A statement quoted FCMBs Executive Director Service Management and Technology Mr Nath Ude to have said that the banks head office branch and its Wuse Zone four branch in Abuja which were both selected during the first phase are fully carrying out the exercise as well as 42 others Ude said all the banks cu...[ more]

Filed Under Nigeria

NIGERIA:Registered BDCs To Become WesternUnion Agents

AUGUST 182014 dailytimes The Central Bank of Nigeria CBN Governor Godwin Emefiele Friday said registered Bureau de Change BDC operators in the country will be allowed to become agents for the Western Union and other money transfer companies for inward and outbound money transfers services Mr Emefiele made this known at the launch of the Outbound Money Transfer Services by the Western Union Money Transfer WUMT in partnership with First Bank Nigeria With the service customers dont need to go to BDCs or banks to buy foreign currency to transfer it abroad according to the CBN Governor What we are saying is if you have need to transfer mone...[ more]

Filed Under Nigeria

NIGERIA:Bank customers to pay N65 for ATM withdrawals

AUGUST 142014 PUNCH NEWS Banks customers will from September 1 2014 pay a token for cash withdrawals made on other banks Automated Teller Machines the Central Bank of Nigeria said in a directive released on Wednesday The reintroduction of the ATM charges came almost two years after the CBN and the Deposit Money Banks cancelled the N100 ATM charge in December 2012 The new directive for the reintroduction of the charge was posted on the CBN website but instead of N100 per withdrawal customers using other banks ATMs will now pay N65 According to the order which was contained in the circular signed by the Director Banking and Payment Sys...[ more]

Filed Under Nigeria

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