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Nigeria: As Payment Systems Take Another Leap With QR Codes, By ‘Tope Fasua’

  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 entirely). The technology can also work with …

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Exclusive: PayPal launches crypto checkout service

LONDON (Reuters) – PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce. Customers who hold bitcoin, ether, bitcoin cash and litecoin in …

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FG Replaces Stamp Duty With N50 Electronic Transfer Levy

  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 Buhari, has a commencement date of January 1, 2021 along with the 2021 Appropriation …

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