Mastercard Launches Low-Cost Payments Solution for SMEs

By Aduragbemi Omiyale The Managing Director of Payment Processing & Switching at Interswitch Purepay, Mr Akeem Lawal, has said the company will always throw its full weight behind conversations aimed at improving the payments industry. Mr Lawal said this ahead of the 2023 annual conference of the Committee of e-Business Industry Heads (CeBIH) scheduled to take place from Tuesday, December 5, 2023, to Wednesday, December 6, 2023, in Lagos. He is one of the speakers slated to attend the event with the Managing Director of Verve International, Vincent Ogbunude; and the Managing Director of Digital Infrastructure and Managed Services at

By Adedapo Adesanya Nigerian wireless internet service provider, Tizeti, has announced the securing of an unnamed senior debt facility from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund that will be used to finance the rollout of its state-of-the art broadband network across 15 states in Nigeria. In a statement seen by Business Post, the company said it has been granted long-term financing by the investment company’s fund and will deploy the debt to build new internet infrastructure and purchase additional equipment to expand its services to Delta, Akwa Ibom, Cross River, Abia, Anambra, Imo, Enugu, Abuja, Kano, and Kaduna. Tizeti

By Modupe Gbadeyanka Salesforce and Amazon Web Services (AWS) have expanded their strategic partnership, deepening product integrations across data and artificial intelligence (AI). The new and enhanced integrations will include streamlining purchasing options for customers via the AWS marketplace, enhancing customer experiences through unified data management, empowering developers with new AWS compute and development services, securely bringing AWS data and AI services to Salesforce’s Einstein 1 Platform, and ensuring seamless customer service with service cloud and Amazon connect. It was gathered these features will enable customers to seamlessly and securely manage their data across Salesforce and AWS, and safely and

By Adedapo Adesanya Leading global provider of technological solutions YNV Group, through its cybersecurity brand, Cytek, has advocated that stakeholders in the financial services sector prioritise cybersecurity and highlighted key strategies for resilience at a recently hosted webinar for the industry. The session which was held on November 22, was themed Ensuring Cybersecurity Resilience in Financial Services Companies in Nigeria, and served as a pivotal platform for fostering collaboration and knowledge exchange in the sector. Led by cybersecurity experts in the industry, the webinar analysed some of the pressing challenges and emerging threats faced by financial services companies in Nigeria while

By Modupe Gbadeyanka Motorists queuing up for fuel at the different filling stations in Lagos have been warned against causing traffic gridlock, thereby putting other road users under untold hardship. This caution came from the Lagos State Traffic Management Authority (LASTMA), which expressed its displeasure over the development. Queues resurfaced at the various petrol stations in the metropolis over the inability of fuel transporters to get the product across to independent marketers, causing some areas to experience the disruption of the free flow of vehicles. While deploying more officers on traffic monitoring around filling stations across the state, the General

By Modupe Gbadeyanka An Open API Conformance Certification has been awarded to Comviva for its Business Support Systems (BSS) suite. The recognition, which came with a Silver Badge, was given to the global leader in mobility solutions  by TM Forum. Comviva is among the leaders in the industry in number of certified Open APIs with a total number of five certifications – Service Activation and Configuration; Ordering and Management; Service Inventory Management; Trouble Ticket and Customer Management. The BSS suite is a comprehensive and end-to-end business support system that handles an operator’s entire set-up, allowing more efficient management of the

By Kester Kenn Klomegah The power industry in South Africa is faced with huge challenges. Knox Msebenzi, Managing Director of the Nuclear Industry Association of South Africa (NIASA), discusses the impact of challenges on the country’s economy and a way out of the power generation difficulties in South Africa. The Nuclear Industry Association of South Africa is a body committed to promoting the highest standards in the development and application of nuclear technology in South Africa. NIASA is composed of organisations, groups, and individuals, from not only the established nuclear sector but also any entities involved in any technology endeavour

By Modupe Gbadeyanka Africa’s leading payment cards and digital tokens brand, Verve, has joined forces with a fast-rising digital bank, Moniepoint Microfinance Bank, to provide customers with cutting-edge financial solutions. Recall that recently, Moniepoint announced its foray into the retail banking segment, issuing debt cards to its customers. The financial technology (fintech) firm boasts over 1.5 million businesses using its terminals across Nigeria to serve 30 million banked Nigerians. To pave the way for enhanced access to financial services for Nigerians and bridge the gap between traditional banking and modern fintech innovations, both parties are collaborating. The partnership will give

By Dipo Olowookere The acquisition of Sepura Group Plc, a firm in Cambridge, United Kingdom, which is a leading provider in TETRA products and solutions for organizations worldwide, has been completed by Hytera Communications Corporation Limited, the leading global provider of innovative professional mobile radio (PMR) communications solutions. “The PMR communications industry is seeing rapid evolution, and Hytera leads in incorporating new technologies and attractive features that deliver more effective solutions for our customers,” said Mr Qingzhou Chen, founder, chairman and president of Shenzhen, Guangdong-based Hytera. “Adding the Sepura Group complements our strengths in technological innovation, especially in TETRA, along

By Dipo Olowookere The demutualisation of the Nigerian Stock Exchange (NSE) has been described as a step in the right direction because it will in the long run benefit the capital market in general. This was the view of the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Muhammad Mamman Nami. The nation’s tax chief, thereafter, commended the leadership of the exchange for doing everything possible within its powers to push for the unbundling of the bourse. Last Friday, the FIRS boss had an engagement with the capital market community through the NSE and he was honoured with

By Bliss Okperan The National Security Adviser (NSA), Mr Nuhu Ribadu, has appealed to the striking labour unions to return to work, stating that those who assaulted the President of the Nigeria Labour Congress (NLC), Mr Joe Ajaero, two weeks ago have been apprehended. Recall that Mr Ajaero was assaulted on November 1, 2023, in Owerri, the Imo State capital, by some thugs alleged to be sponsored by the state government. The organised labour, in reaction to the incident, called for a nationwide industrial action, saying the federal government refused to condemn the act and bring those behind it to

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has warned unsuspecting Nigerians against fraudulent messages and videos targeted at loan seekers and owners of small-scale businesses purportedly facilitated by the bank. The apex bank in a statement signed by the Acting Director, Corporate Communications, Mr Osita Nwanisobi, noted that while the CBN has several development finance intervention programmes from which different categories of businesses had benefitted from, it emphasized that, “it does not do so through direct interaction with prospective applicants.” It explained that there are clearly spelt out procedures for accessing CBN intervention funds, which are disbursed through