Brands/Products
Quickteller Paypoint Gives Agents 50% Discount for CAC Registration
By Adedapo Adesanya
Quickteller Paypoint, a payment platform under the Interswitch Group, in a strategic move to boost financial inclusion, lighten the financial burden, and ease the process for its agents, has offered a substantial 50 per cent discount on the business registration fees.
The subsidiary recently hosted Regional Engagement Forums across major cities in Nigeria, including Lagos, Port Harcourt, Abuja and Anambra, themed Compliance and Beyond, The Road to Financial Inclusion and Empowerment.
Held at IBIS Hotel in Ikeja, Lagos; Tokyu Grand Hotel in Rumuomasi, Port Harcourt; 3 J’s Hotel and Suites in Abuja; and Soprom Hotel in Onitsha, the forums were specifically designed to assist Quickteller Paypoint agents who have yet to complete the mandatory Corporate Affairs Commission (CAC) registration before the extended deadline of September 5, 2024.
At the events, CAC agents received on-ground support to facilitate their registration and also provided a unique opportunity for the Quickteller Paypoint team to engage directly with their agents.
Recall that the federal government through the CAC recently mandated all fintech and agency banking companies to register their agents and merchants with the Commission. This is in line with Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020 as well as the 2013 Central Bank of Nigeria’s guidelines on agent banking.
Speaking at the event, Mrs Titilola Shogaolu, Managing Director, Interswitch Financial Inclusion Services (IFIS), during her presentation explained that by offering a 50 per cent discount on CAC registration, Quickteller Paypoint is not only helping their agents to meet the regulatory requirements but also empowering them to expand their business opportunities and build customers’ trust.
“We are mindful that meeting regulatory requirements can sometimes prove daunting for small business owners. This is why we’re taking proactive steps to support our agents. As a business which supports the development agenda of the government while also enabling the growth of the financial ecosystem, we understand the importance of regulatory compliance.
“It is on this premise that we are partnering with the CAC and offering our agents a 50 per cent discount on registration fees to ease the registration process and ensure the sustenance of their businesses.”
“We are committed to being an enabler in the financial inclusion sector, helping our agents unlock new opportunities, achieve their business goals and drive financial inclusion. We are excited about the turnout and engagement here today and we believe that by supporting our agents through initiatives like this, we are fostering a stronger and more resilient agent network,” she added.
The forums featured educational sessions and saw agents participate in Quickteller Paypoint’s promotional offers. Top-performing agents also shared their experiences and success stories, highlighting how the platform has been instrumental in achieving their business goals.
Interactive Q&A sessions across the various locations allowed agents to ask questions and get insights and direct responses from Quickteller Paypoint representatives. The forums equally introduced new products and updates, designed to enhance the agents’ service offerings and increase their earning potential.
The Regional Engagement Forums enabled Quickteller PayPoint to reach more of its agents and engage them on the importance of regulatory compliance, its benefits and offerings to enhance their business operations. This initiative marks a significant milestone in the company’s ongoing efforts to support and empower its network of agents.
Quickteller Paypoint says that as it continues its regional forums across Nigeria, it remains dedicated to supporting its agents in achieving their business goals and contributing to the broader financial inclusion agenda. The company encourages all its agents to take advantage of the subsidized CAC registration fee and the wealth of information that would be provided at these forums.
By Modupe Gbadeyanka
A report released by Salesforce has revealed that about $1.2 trillion was used for shopping across the globe during the just-concluded Christmas and New Year holidays.
It was stated that the United States accounted for $282 billion, with data based on an analysis of 1.5 billion shoppers and 1.6 trillion page views across the Salesforce Platform.
The report indicates that the better-than-expected holiday shopping season was powered by surges in mobile and social commerce alongside increased consumer spending after months of saving in the first half of 2024.
However, shoppers have already sent back $122 billion in merchandise, with consumers and retailers leaning into the use of Artificial Intelligence (AI) and agents to enhance holiday shopping experiences through product recommendations and personalised order support, influencing $229 billion – or 19 per cent – of all online orders.
“Retailers had a robust holiday season, but a 28% rise in the rate of returns compared to last year is a cause for some concern,” said Caila Schwartz, Director of Consumer Insights at Salesforce. “Retailers who have embraced AI and agents are already seeing the benefits, but these tools will be even more critical in the new year as retailers aim to minimise revenue losses on returns and reengage with shoppers.”
It was gathered that about $229 billion of global online sales were influenced by AI and agents in the form of product recommendations, targeted offers, and conversational customer service support, with 19 per cent of holiday purchases influenced by consumers engaging with AI and agents, a 6 per cent increase from 2023.
In addition, shoppers used AI- and agent-powered chat for customer service 42 per cent more than they did during the 2023 holiday season, and over $122 billion of global purchases have already been returned, up 28 per cent from last year.
It was noted that this increase is partially due to trending consumer behaviours like “try-on hauls” and bracketing (buying an extra size above and below your standard size).
Salesforce projects that retailers will likely see this number grow to $133 billion – presenting an important opportunity for brands to use agents to make the returns process easier and more tailored to specific customer needs.
By Modupe Gbadeyanka
A new Public Relations (PR) agency, FreshSight Communications, has promised to offer tailored services to its clients, as it joins the highly competitive industry.
According to the co-founder of the company, Mr Justice Mmadubugwu, FreshSight Communications will provide top-notch PR services tailored to meet the unique needs of businesses, organisations, and individuals seeking to amplify their brand presence and reputation.
He also expressed confidence in working with media partners to share compelling stories, promote innovative ideas, and spark important discussions that affect society.
“We are excited to introduce FreshSight Communications to the Nigerian market.
“Our goal is to become the leading PR agency for businesses seeking to establish strong relationships with their target audiences and stakeholders,” Mr Mmadubugwu stated.
FreshSight Communications said its services include media relations and crisis communications; brand management and reputation enhancement; digital PR and social media management; event management and planning; content creation and copywriting; and artist/influencers management.
By Philip Odiakose
Welcome to my first LinkedIn Newsletter in 2025, where I share insights as a public relations measurement professional with more than a decade of experience shaping conversations in Nigeria and globally.
As we step into 2025, the world of PR monitoring and measurement is undergoing a significant transformation. This year, we anticipate trends that will reshape how brands, PR agencies, and independent measurement consultancies collaborate, ensuring transparency, unbiased analyses, and actionable insights.
In this newsletter, I will provide a dual perspective: the Nigerian PR monitoring landscape and the global outlook for 2025.
Local PR Monitoring and Measurement Outlook: Nigeria in 2025
- Increased Demand for Transparency: Nigerian brands are recognizing the importance of transparency in PR outcomes. There will be heightened demand for agencies to provide detailed, unbiased performance audits.
- Adoption of Independent Measurement Consultancies: The era of self-evaluation by PR agencies is waning. In 2025, more Nigerian brands will partner with independent consultancies like P+ Measurement Services to ensure objective insights that foster accountability.
- Integration of Technology with Local Expertise: As AI tools and platforms gain traction, Nigerian PR professionals must strike a balance between technology-driven insights and localized expertise to cater to the unique dynamics of our market.
- Shift from ROI to ROO (Return on Objectives): In 2025, Nigerian PR practitioners will move beyond traditional ROI (Return on Investment) metrics that focus solely on financial outcomes. Instead, there will be a focus on ROO (Return on Objectives), emphasizing how PR efforts meet broader organizational goals such as brand awareness, reputation enhancement, stakeholder engagement, and social impact. This shift aligns with the evolving Nigerian economic landscape, where businesses prioritize long-term value creation and sustainability over short-term financial gains.
- Education as a Driver for Adoption: The need for education on measurement standards will grow. Initiatives like AMEC’s Measurement Month and local workshops like EvaluatePR event by P+ Measurement Services, Spin Sucks led by Gini Dietrich, and Measurement Base Camp by Paine Publishing led by Katie Delahaye Paine will play a pivotal role in driving adoption and bridging the knowledge gap among PR professionals.
Global PR Monitoring and Measurement Outlook: 2025
- Increased Collaboration Between PR Agencies and Measurement Experts: Globally, we will see stronger partnerships between PR professionals and measurement consultants to deliver credible, data-backed reports that influence boardroom decisions.
- Standardization Through Education: AMEC Measurement and Evaluation (International Association for the Measurement and Evaluation of Communication) and its members will continue leading the charge in educating PR professionals on best practices, ensuring global alignment on measurement standards like the Barcelona Principles, Measurement Maturity Mapper and Measurement Framework.
- Rising Demand for Unbiased Audits: Brands across the globe will increasingly seek independent PR measurement audits, avoiding conflicts of interest and ensuring that insights are impartial and actionable.
- Adoption of Technology and Real-Time Analytics: The rise of real-time monitoring and advanced analytics tools will enable PR professionals to adjust strategies dynamically, making campaigns more impactful.
- Focus on ESG and Social Impact Metrics: Environmental, Social, and Governance (ESG) metrics will take center stage in global PR measurement. Organizations will prioritize measuring how their communications align with sustainability and societal goals.
The Way Forward
2025 marks a year of audacious transformation in PR monitoring and measurement, both in Nigeria and globally. At P+ Measurement Services, we are committed to driving this change by partnering with brands, agencies, and global stakeholders to deliver transparent, unbiased, and impactful insights.
The success of PR measurement lies in the collaboration between PR professionals and measurement experts, coupled with continuous education and adherence to global standards. As a founding member of AMEC Member Lab Initiative, I am optimistic about the role we will play in shaping the future of this industry.
Let us redefine PR measurement together, one campaign at a time.
Philip Odiakose is a leader and advocate of PR monitoring, measurement, and evaluation in Nigeria. He is also the Chief Media Analyst at P+ Measurement Services, a member of AMEC Lab Initiative, NIPR and AMCRON
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