Uncategorized

The MD of Polaris Bank emphasizes the need of addressing cybersecurity concerns

By
December 17, 2022
In order to secure the security of the online banking environment, Adekunle Sonola, managing director of Polaris Bank Limited, has emphasized the necessity to address the core concerns of human capital, technology, and third-party stakeholders. According to Sonola, achieving a secure and long-lasting financial services sector requires addressing issues such as skill gaps, information sharing, and…
Read more
Banking

In just 11 months, PoS transactions in Nigeria climbed by 20.5%.

By
December 17, 2022
The Nigerian Inter-Bank Settlement Scheme (NIBSS) data for the past eleven months reveals that the amount of Point of Sale (PoS) transactions climbed by 20.5 percent to 1.06 trillion from 883 million in the same time of 2021. However, its worth increased by 32% from N5.73 trillion in the same period of 2021 to N7.56 trillion as of November 2022. The new N20,000 daily cash withdrawal cap through…
Read more
Technology

Investments in Venture Platform's $40 million early-stage fund exceed expectations.

By
December 17, 2022
With a final close of $46 million, Venture Platform’s early-stage and international fund has surpassed its initial $40 million goal. New global participants in the oversubscribed fund include corporates, DFIs, commercial banks, high-net-worth individuals, and global institutional investors (HNIs). This list consists of Standard Bank, the International Finance Corporation (IFC), British…
Read more
Technology

Latest chipset for 5G smartphones is unveiled by MediaTek.

By
December 17, 2022
Next-generation 5G smartphones will be powered by MediaTek’s flagship processor, the Dimensity 9000 chipset technology, in Nigeria. Dimensity 9000, according to MediaTek, is the first smartphone chip ever created using the incredibly effective TMSC N4 (4nm-class)…
Banking

TransferGo begins in Ghana and five other nations as it extends its money-transfer business to Africa.

By
December 11, 2022
You can now make international money transfers to Ghana, Senegal, Uganda, Kenya, Morocco and Benin Republic without having to pay high transaction fees—thanks to TransferGo, a digital financial institution that offers fast and easy online money transfers worldwide to over 160 countries. London – TransferGo, a payment institution offering international online money transfer services, has…
Read more