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MTN, Flutterwave’s Partnership Drives MoMo Expansion to Cameroon, Others

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MTN Momo Agent

By Ashemiriogwa Emmanuel

Businesses using Africa’s lending payments technology, Flutterwave, in Cameroon, Côte d’Ivoire, Rwanda, Uganda, and Zambia will now be able to receive payments via MTN Mobile Money (MoMo).

This is coming as MTN Group recently entered into a mobile money partnership with the fintech firm to empower millions of businesses to embrace e-commerce in the MTN markets by accepting digital payments from MoMo consumers.

MTN’s MoMo is a fintech platform that offers an electronic wallet to consumers and businesses which allows them to make electronic transfers and payments as well as access to digital and financial services.

The new partnership will enable Flutterwave to offer MTN MoMo as a payment method to its business customers in the above-listed countries across Africa, thereby accelerating the penetration of both firms in Africa to improve their local economies.

The Chief Digital and Fintech Officer of MTN Group, Mr Serigne Dioum, while speaking on the deal, considered it to be a strategic move in booting digitized payments while creating opportunities for individuals and businesses across the continent.

“As we progress on our journey to becoming the largest fintech platform in Africa, we will empower millions of businesses to embrace e-commerce in our markets to accept digital payments from MoMo consumers.

“We believe this is an enabler to accelerating digitized payments in Africa. Building strong ecosystems through partnerships is central to our platform strategy and we will continue to invest in expanding the reach of our platform to consumers and businesses in Africa,” Mr Dioum explained.

Recently, the multinational mobile telecommunications company was announced as the winner of the World Trademark Review (WTR’s) 2021 Europe, Middle East and Africa Team of the Year Award, a laurel that recognizes those teams and individuals that are performing their functions to the highest possible standards.

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Nigerian Start-ups Jostle for #StartupSouth’s $30k Equity Pool

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#StartupSouth

By Aduragbemi Omiyale

Start-ups in Nigeria have been given an opportunity to pitch for a pre-seed equity pool of $30,000 offered by an SSE Angel Network known as #StartupSouth.

The firm is organising a boot camp later in the year and it has opened applications for entries, which close on Thursday, September 30, 2021, a statement made available to Business Post read.

The StartupBootCamp by #StartupSouth is a two-week virtual acceleration programme aimed to identify early-stage start-ups within the South-South and South-East regions of the country with competent teams, high growth potential, signs of traction, and the ability to create jobs.

It was stated that the start-up teams while undergoing the training, will receive support to revalidate their business model, prepare for pitching and linkages with potential investors at a DealDay Session during #StartupSouth6 in Enugu.

According to the statement, the top five teams will slug it out for a share of up to $30,000 equity pool made available by SSE Angel Network.

“For the last 7 years, #StartupSouth has consistently pushed for a more democratized tech and innovation ecosystem where founders, especially within the South-East/South-South regions, can access funds and support, thereby giving investors more deals.

“We are excited to open the call for the StartupBootCamp by #StartupSouth,” one of the representatives of the firm, Owen Shedrack, was quoted as saying in the statement.

Interested teams have been advised to apply via https://bit.ly/ss6-pitch.

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Technology

Sigma Pensions Trains 100 in Digital Marketing, Others

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Digital Marketing

By Adedapo Adesanya

Pension Fund Administrator (PFA), Sigma Pensions, in collaboration with Junior Achievement Nigeria (JAN), recently trained 100 youths in Digital Marketing, Web Development and Graphics Design.

The 5-day Digital Bootcamp was part of Sigma Pensions’ Corporate Social Responsibility to equip young people with digital skills that will add value to them, improve their employability, create businesses and in extension grow the Nigerian economy.

As a business that has experienced the power of digital technology and its exponential impact on growth, the project is timely and relevant especially in these times when STEM skills are in high demand.

Held from September 6-10, participants ranging from age 18 – 25 came together for the live event which was held at John Centre Hall, Peb 04 Plaza, Dalaba Street, Behind Shoprite, Wuse Zone 5, Abuja.

Day 1 of the intensive digital boot camp introduced participants to data analysis, and digital marketing fundamentals.

The Sigma team was available on Day 2 to educate participants briefly on financial literacy after which a deep dive into the web development and graphics sessions commenced.

The graphics sessions covered the technical know-how of graphics design; visual hierarchy, page layout techniques, design use typography.

Web development classes covered the practical and theoretical aspects of web development, which involved developing a website for the Internet (World Wide Web) and also Content Management System (CMS).

The 5-day event closed with an exhibition where participants showcased their ideas, websites and designs where the most outstanding group was rewarded with a cash prize of N200,000.

Mr Afolabi Folayan, the Executive Director, Operations Sigma Pensions, stated that, “In 2016, we embarked on a digital transformation journey which has resulted in a radical transformation in our business and service delivery to both internal and external customers.”

He noted that by leveraging technology, Sigma Pensions had little or no negative impact during the pandemic as seamless customer service was achieved with minimal interruptions.

Through this bootcamp and subsequent ones, Sigma Pensions hopes to equip young Nigerians with relevant digital skills which will serve as a springboard for a career in any preferred field in tech.

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Tiktok Limits Kids to 40 Minutes Per Day in China

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TikTok

By Ashemiriogwa Emmanuel

As China continues to cut down on accessibility to video games for younger children, the Chinese version of Tiktok called Douyin has said that all its authenticated users under the age of 14 can only access the app for up to 40 minutes a day, which must be between 6 a.m. and 10 p.m.

In a statement issued by the Chinese short video app owned by Beijing-based ByteDance, users under the above age bracket will now access the app in a “youth mode” in its mission to moderate the exposure of young ones from inappropriate video content.

“The measures would apply to all users registered with their real names and as being under 14 years old. The mandatory measures are designed to protect younger users from harmful content.

“Up to 40 minutes, a day of Douyin for younger users will henceforth serve up edifying content such as science experiments, museum exhibitions, and history lessons,” the statement read.

Authorities have directed game companies and platforms like Douyin to use real-name identification for all its users; the process requires users to provide a phone number and other identification to access online games.

ByteDance, the parent company, said the content available to users in youth mode will now include educational material like “interesting popular science experiments, exhibitions in museums and galleries, beautiful scenery across the country, explanations of historical knowledge, and so on.”

This is coming barely 21 days after the Chinese Government placed restrictions and limits on the gaming time for minors to three hours per week (8:00 p.m to 9:00 p.m.) on Fridays and weekends as a bid to stop gaming addiction facing the country.

In recent times, Chinese regulators have strictly push against minors being exposed to online dangers such as “blind” and “chaotic” worship of internet celebrities which has been posing violations of core socialist values.

In the same vein, it has recently launched a six-month-long national campaign to address what it perceives as major issues in the digital industry such as disturbing market order, infringing users’ rights, threatening data security, and unauthorized internet connections.

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