The first quarter of 2021 has proven, to some extent, that fintech startups are Nigeria’s new oil. Fintech platforms accounted for about $202.15 million (78.94%) of $256.34 million funds raised by a total of 16 Nigerian startups during the months of January to March...
THE Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) on Thursday announced the linkage of both countries’ real-time retail payment rails to facilitate faster and cheaper cross-border transfers. The linkage of Singapore’s PayNow and Thailand’s...
Sterling Bank Plc has launched the Onepay app targeted at Small and Medium Enterprises (SMEs) merchants to improve transactions. The Chief Digital Officer of the bank, Olayinka Oni said: “We are proud to be able to put this on the table as another means of enriching...
The use of QR codes for payment services is quite beneficial though. Setting it up is quick and does not require any heavy investment on the part of retailers. It actually reduces the pressure on Point of Sales (POS) machines (some retailers may do away with them...
Consequent upon the outlawing of stamp duty on electronic bank transfer by the Court of Appeal, the Federal Government, through the Finance Act 2020, has introduced Electronic Money Transfer Levy. Finance Act 2020, which was recently signed by President Muhammadu...
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