FintechTechnology

Telcos are phasing out old USSD codes

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 With this move, famous USSD codes such as *556# are now outdated.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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Fintech

5 things to know about new Twitter CEO Linda Yaccarino

Elon Musk on Friday unveiled Linda Yaccarino as the new head of Twitter, the social media app he purchased from the founders in April 2022. After a series of live trials and errors on the app, Elon Musk on Thursday hinted that he had hired a Chief Executive Officer while he…
Fintech

SEC opens portal for fintech operators

Weeks after announcing the registration of five fintech companies, the Securities and Exchange Commission has opened the regulatory incubation programme for fintech firms operating or seeking to operate in the Nigerian Capital Market. This was contained in a circular issued by the commission. According to the circular, the portal would be open till May 26, 2023, and registered capital market…
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Fintech

Fintech brand to start their operations in Nigeria.

Global fintech brand, Unlimint, is set to launch its operations in Nigeria, after receiving its Payment Solution Service Provider (PSSP) License from the Central Bank of Nigeria. The PSSP authorises Unlimint to operate as a recognised payment service provider in the…
Fintech

Coy launches hardware store

Samsung in partnership with Rifugio Communications has opened a brand store at Lekki. The firm also announced that the store will offer customers an opportunity to spread payment for products across 12 months. The newly opened store is a one-stop shop for Samsung products, including smartphones, tablets, accessories, televisions, refrigerators, washing machines, sound bars, and more. Samsung…
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Fintech

AfDB approves $525,000 in aid to African fintech companies

The African Development Bank has approved a grant of $525,000 for an online digital hub to serve as a repository of knowledge for fintech entities in Africa. This was disclosed during the signing ceremony for the Letter of Agreement between the AfDB Group and the Africa…
Fintech

Lagos Signs Memorandum of Understanding on IGR FinTech Development

The Lagos State Government through the Ministry of Physical Planning and Urban Development has signed a Memorandum of Understanding with eTransact to curb unregulated development, manage setbacks and open spaces, and improve the beautification of the state’s environment. According to the collaborating partners, the Ministry of Physical Planning and Urban Development and eTransact will deploy an…
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