United Bank Africa (UBA) introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion. The merchant app will include Masterpass QR, a mobile payment solution powered by Mastercard, and is immediately available for download to any feature…
The Orios Smart TopUp solution allows any bank customer to buy airtime directly from their savings or checking account from anywhere in the world in just one simple step by dialing a USSD short code and amount of airtime to be purchased.
Lagos-based Unified Payment Service Limited has been granted an acquiring license that is expected to broadly increase the acceptance of MasterCard payment cards in Nigeria.
Africa’s largest remittance market is about to get bigger with the new partnership between eTranzact International and MasterCard. The deal has the potential to open up new remittance corridors, expand the scope of cashless money transfers, extend financial inclusion and support the growth of the economy in Nigeria.
Nigeria’s Diamond Bank has become the first African bank to launch a fingerprint recognition feature on its mobile app. The service, an iOS Touch ID, is a major leap for the African bank.
MasterCard launched the eID pilot program. In the pilot phase, the Nigerian Identity Management Commission (NIMC) will issue MasterCard-branded identity cards with electronic payments functionality to 13 million Nigerians. This initiative is the largest rollout of a biometric-based verification card with an electronic payment solution in the country and the broadest financial inclusion program in Africa. The eID card forms a key component of the Nigerian Identity Management System, deployed by NIMC as part of its mandate to create, maintain and operate the country’s first central National Identity Database and provide proof of identity to Nigerians 16 years and older. The eID card will provide millions of Nigerians with the security, convenience and reliability of electronic payments. NIMC is working with several government agencies to integrate and harmonize all identity databases including the Driver’s License, Voter Registration, Health Insurance, Tax, SIM and the National Pension Commission (PENCOM) into a single, shared services platform.
VeriFone Mobile Money and Airtel Africa reached an agreement to offer VeriFone Mobile Money’s merchant enablement applications for mobile Tap n Pay across their 17 operating companies in Africa. VeriFone Mobile Money’s Tap n Pay applications are a smart, secure and fast way for customers to pay, buy, bank, bill and remit money with their mobile phone at the point of sale. VeriFone Mobile Money has signed a group master agreement for the delivery of its merchant enablement solutions to Airtel Africa part of the Bharti Airtel Group of companies with operations in 20 countries across Asia and Africa.
HyperWallet has recently launched low-cost payment services to Nigeria, enabling companies to pay individuals in-country via direct-to-bank money transfers and reloadable prepaid debit cards. With hyperWALLET, corporates can make fully-compliant electronic payments to Nigerian bank accounts in NGN currency, typically within 1-2 business days. Additionally, corporates can pay Nigerians instantly using reloadable prepaid debit cards in USD, EUR or GBP currencies. With the addition of payments to Nigeria, hyperWALLET continues to expand their global financial network and support the diverse payment needs of corporate customers and their payees worldwide. The global payment platform lets users send mass manage their funds with their e-wallets, bank deposit, prepaid cards, cash pickup and via mobile phone.
Unity Bank plc has recorded a 1Q/14 26% profit before tax from the year ago period, corresponding with its mandatory annual re-certification of its PCIDSS. The bank also received its Report on Compliance (RoC) from the external Qualified Security Assessor (QSA), NetHost Legislation Ltd. This is in line with the directive from the Central Bank of Nigeria that all banks must achieve certification to the PCI standards, Unity Bank had successfully attained its certification on April 5, ahead of almost three-quarter of the banks in the country and is among the first to complete its annual recertification. The bank has also disclosed that to ensure that it continues to maintain its high security standards for the protection of card-holder data and card production environments, it is putting resources in place to train its own team of Internal Security Assessors (ISAs) to lead future recertification exercises and work with external Qualified Security Assessors (QSAs) to obtain RoC.
Western Union global payment services launched its mobile money transfer service to Nigeria, which increases the reach of Western Union payout options in the country. The new service to Nigeria integrates directly with Paga, the leading mobile payment platform in Nigeria, with more than 1.2 million users. Paga users now have the option of receiving a Western Union Money Transfer® transaction directly into their Paga account. Using Paga’s multi-channel platform, consumers can withdraw the money by sending it to a bank account, withdrawing from an ATM, or through Paga’s network of over 4,000 agents in Nigeria. Consumers can also choose to pick-up their funds at participating Western Union® Agent locations across the country.
The Western Union Company today announced the launch of a new mobile money transfer service to Nigeria, which increases the reach of Western Union payout options in the country. The new service to Nigeria integrates directly with Paga, the leading mobile payment platform in Nigeria, with more than 1.2 million users. Paga users now have the option of receiving a Western Union Money Transfer® transaction directly into their Paga account.
VeriFone Mobile Money is pleased to announce that it has been selected by Teasy Mobile (“Teasy”) in Nigeria to widen mobile money services and make them more relevant to local needs. VeriFone Mobile Money will deploy its retail enablement solution integrating the mobile wallet, banking, and telecommunication provider networks with the point-of-sale (“POS”). Teasy will work closely with local industry players to roll out VeriFone contactless POS devices as part of the solution.