Category: Trending
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Steve Agbota Crowdyvest has launched PlentyWaka hassle-free bus, equipped with modern payment solutions, to drive financial inclusion in Lagos. The new transport system comes with business-style bus riding service, offering daily commuters the ability to move from point A to B in comfort, style and safety with a few taps on their mobile device in Lagos.…
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Financial Inclusion: FG moves to capture 36.6m Nigerians
Following plans to meet its financial inclusion target, the Federal Government has restated its desire to capture over 36.6 million Nigerian adults, representing 36.8 per cent of the working population through the micro segment of insurance and pension sectors. The figure includes self-employed Nigerians that are yet to officially embrace any form of financial services…
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Financial inclusion drive is gaining momentum in the country as Nigeria embraces electronic payment channels.
Nigerians transacted businesses worth N183.4 billion through mCASH in the first three months of this year. New Telegraph learnt that the mobile payment platform, which was recently re-launched by the Nigerian Inter-bank Settlement Systems (NIBSS) in partnership with banks and telecom operators, is now gaining traction among mobile users. mCASH is a mobile payment system…
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The Financial Inclusion Journey: Emergence of Digital Wallets in Nigeria.
A digital wallet also known as “e-wallet” refers to an electronic device or online service that allows an individual to make electronic transactions. This can include purchasing items on-line with a computer or using a smartphone to purchase something at a store. An individual’s bank account can also be linked to the digital wallet. (Wikipedia)…
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FirstBank Demystifying Financial Inclusion With XploreFirst
Worried by the increasing rate of the unbanked population, the Federal Government, through the Central Bank of Nigeria (CBN), kicked off a campaign in 2012 to achieve 80 per cent financial inclusion of adult population by 2020. The CBN carried out the campaign through agency banking, mobile banking/mobile payments, linkage models and client empowerment, to…
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Will Facebook Make Crypto Relevant For The Underserved?
Earlier this month, the WSJ reported that Facebook is building a team and getting its crypto ducks in a row to launch a “cryptocurrency-based payments system on the back of its gigantic social network.” Public details on the effort are thin and may have been outshone by news that one of Facebook’s co-founders is calling…