BankingTechnology

Africa Leads the Global Mobile Money Revolution with $1.1 Trillion in Transactions

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April 24, 2025
Africa has solidified its position as the world leader in mobile money adoption, boasting an impressive 1.1 billion mobile money accounts and facilitating $1.1 trillion in transactions annually. This milestone highlights the continent’s innovation in leveraging mobile technology to drive financial inclusion and economic growth. The remarkable growth of mobile money in Africa is fueled by the…
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Technology

Attend subscribers in 30 minutes, NCC orders Telcos

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June 30, 2023
The Nigerian Communications Commission is set to mandate telecommunication firms to attend to their customers within 30 minutes of arriving at any customer care center in the country. This is based on a new document titled, ‘Draft Quality of Service Business Rules,’ on the commission’s website. According to it, the business rules stipulate the minimum quality and standards of service…
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Technology

Spotify fined $5m for breaching EU data rules

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June 14, 2023
Music streaming giant Spotify was on Tuesday fined 58 million kronor ($5.4 million) for not properly informing users on how data is collected on them was being used, Swedish authorities said. Spotify said it planned to appeal the decision. The Swedish Authority for…
Technology

NCC president releases book on cyber policy

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June 13, 2023
The Head of Media Relations Management, Nigeria Communications Commission, Dr Omoniyi Ibietan, has announced the release of his book on cyber politics. According to a statement, the book titled, ‘Cyber Politics: Social Media, Social Demography and Voting Behaviour in…
FintechTechnology

Telcos are phasing out old USSD codes

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May 31, 2023
Telecommunication firms have begun to phase out old Unstructured Supplementary Service Data shortcodes for new harmonised ones as directed by the Nigerian Communications Commission. With this move, famous USSD codes such as *556# are now outdated. Customers of MTN Nigeria told The PUNCH that old USSD prompts now redirect them to a message that reads, “Y’ello Our codes have changed. While MTN…
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Technology

UNDP and WIPO present strong IP system

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May 1, 2023
The World Intellectual Property Organisation and United Nations Development Programme in collaboration with the Nest Innovation Hub, have stated that a robust Intellectual Property system will boost creativity, innovation and sustainable development. The agencies stated this…
Technology

FG is exempt from 5% communication tax

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May 1, 2023
The Federal Government is reportedly set to proceed with its implementation of a five per cent excise duty tax on mobile telephone services, fixed telephone, and Internet services. This is despite a recent communication by the Minister of Communications and Digital Economy…
Technology

According to the GSMA, mobile money acceptance rates are lower for women.

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April 24, 2023
Women are less likely than men to use mobile money services, GSMA has stated. According to the global body of telecommunication firms, the reason for this includes not owning a mobile phone, not being aware of mobile money, not perceiving the relevance of mobile money, and having low literacy and digital and financial skills. In its ‘The State of the Industry Report on Mobile Money (2023)’, it…
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