Browsing Tag

NIBSS

NIBSS, banks, others resolving PoS transaction failures

Hope Moses-Ashike Mar 20, 2019 0

Customers who are finding it difficult to use their debit cards for electronic payment transactions or have fallen victim of failed transactions can now enjoy a hitch-free transactions as…

Technology

Nigeria risks losing cashless growth over rising PoS transaction declines

FRANK ELEANYA Mar 14, 2019

Nigeria could lose the strides it has made in terms of driving cashless economy if authorities continue to ignore consumers' growing frustration over persistent transaction declines…

Technology

As bank cheques mark 360th anniversary with 4 years decline in Nigeria…

FRANK ELEANYA Feb 22, 2019

February 16, 2019 made it 360 years since the cheque book was officially launched as a financial instrument in the world. Unfortunately, its usage is gradually but steadily dwindling with…

Mines ready for big game in credit service with $13m Series A round

FRANK ELEANYA Aug 16, 2018

Credit services firm, Mines has announced a $13 million Series A round that will help it acquire new talents, sustain growth in Africa and expand its offerings to other emerging markets.…

MTN, NIBSS, partner others to re-launch mCASH to boost cashless economy

SEYI JOHN SALAU Aug 3, 2018

Nigeria cashless initiative and financial inclusion may begin to gain traction like others of its peers across Africa as MTN Nigeria, Nigeria Inter-Bank Settlement System (NIBSS), alongside…

MFBs, others adoption to drive future of mCash

HOPE MOSES-ASHIKE Aug 1, 2018

The future of the mCash, a product of the Nigeria Inter-Bank Settlement System (NIBSS) is seen to be driven by expected significant adoption by other financial institutions (OFIs). Other…

How Nigeria is driving the World Poverty Clock

ANTHONY OSAE-BROWN Jun 29, 2018 0

Only last week, the World Poverty Clock released a report that painted a glim picture of the increasing poverty trend in the country. The report notes that Nigeria has already overtaken…

CBN mandates banks to strengthen security operation centres

HOPE MOSES-ASHIKE Jun 28, 2018 0

Worried by recent increases in the number and sophistication of cyber-security threats against Deposit Money Banks (DMBs) and the Payment Service Providers (PSPs), the Central Bank of…

Fraud in banking sector up 28% in four years

Hope Moses-Ashike & Agnes Iboroma Jun 26, 2018

Banking industry reported more fraud cases as it lost a total of N12.30 billion to various frauds between 2014 and 2017. In terms of volume, the sector recoded 41,461 fraud cases during the…

Banks adopt NIBSS, PFS automated clearing system for cheques

JUMOKE AKIYODE LAWANSON Dec 11, 2017

Nigerian banks are taking on next level innovation in today’s digital age, as deposit money banks have adopted the new National Automated Clearing System (NACS), a development fostered by…

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