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Verve Backs Effective Digitization of Public Identity System

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Verve Good Life Promo

By Modupe Gbadeyanka

One of the leading payments companies in Nigeria, Verve, has reaffirmed its support for the digitization of public identity system, stressing that the nation would benefit greatly from this.

The firm, which is a champion of digitized identity management solutions, said it was strongly behind the federal government’s efforts to create a robust digitization framework for comprehensive identity management for Nigerians.

The Nigerian government ramped up its digital identity management campaign to ensure a proper and foolproof identification system, as obtained in most countries across the globe.

In 2019, the Federal Government of Nigeria, through the National Identity Management Commission (NIMC) joined the coalition calling for the recognition of September 16 as International Identity Day to further consolidate its target of a comprehensive digital identity management system

According to the NIMC, the digital identity ecosystem includes players in both the private and public sectors to improve the commission’s reach across the nation.

Players in the sectors include qualified private vendors who will provide data collection services and issue National Identification Number (NIN) under the National Identity Management System (NIMS) programme.

The commission seeks to enrol all Nigerians and legal residents in a centralized identity database, with the aim of creating an authentication channel that would foster seamless and safe local and foreign transactions.

Verve as a provider of safe and seamless payment solutions, through its technology framework, possesses the expertise and capacity to provide contemporary digitized identification solutions. This positions Verve as a suitable partner in the ongoing public identity digitization drive, providing structures that will advance the goals of the NIMC.

Marking this year’s National Identity Day at the Presidential Villa in Abuja, the Divisional Chief Executive Officer (DCEO) for Payment Cards and Digital Tokens, Interswitch Group, Vincent Ogbunude, restated the firm’s commitment towards supporting a digital ecosystem in tandem with the aims of the Federal Ministry of Communication and Digital Economy.

Ogbunude said, “Verve is proud to be supporting the federal government on this project. This partnership underpins our commitment and investment to grow the digital identity management system in Nigeria. At Interswitch we understand the critical place for identity, indeed we believe that a person’s identity is a fundamental human right that should not be trifled with.”

Emphasizing the importance of having an identity management database for Nigeria, Africa’s most populous country and the 7th most populous nation in the world, the Minister of Communication and Digital Economy, Isa Pantami, said that a comprehensive identity database was important in identifying the total number of residents in the country.

He also noted that a digitized identity management system would aid the government in crafting a proper national budget to better cater to the needs of Nigerians.

The minister pointed out that the digital national identification exercise would serve as a convenient substitute for frequent census exercises, “if the database is updated”.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Interswitch Receives Fresh Funds from LeapFrog, Tana

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Interswitch

By Adedapo Adesanya

LeapFrog Investments (LeapFrog) and Tana Africa Capital (Tana) have invested in Interswitch, one of Africa’s technology-driven companies focused on the digitisation of payments.

In a joint statement from both companies, the exact amount was not disclosed, but it was stated that the investment will assist in supporting the company’s drive to advance the payment ecosystem across the continent.

A portion of the investment has been acquired from existing shareholders, with Ignite Holdco Limited, made up of Helios Investment Partners and TA Associates, remaining the largest shareholder in the business following the transaction.

Interswitch Group CEO, Mr Mitchell Elegbe, in a statement, said the company was “excited to welcome LeapFrog and Tana on board, as we continue our work to advance the future of the African payments landscape.”

This will further advance its offerings after it launched some new products in March.

The services unveiled include an enhanced Biometrics feature for Point of Sale (PoS) terminals & Automated Teller Machines (ATMs); Tokenization, and Card Fusion, with the services addressing digital payment fraud, problems with card issuance and portfolio management.

Interswitch, in collaboration with SterlingPRO, designed the Biometrics on Point of Sale (PoS) and Automated Teller Machines (ATMs) to protect customers against digital payment fraud and to avail them faster and more convenient ways to validate payments. The solution utilizes physiological features unique to everyone such as fingerprints, voice, and facial features to verify payment transactions.

Tokenization on the other hand replaces sensitive data such as the 16-digit account information with a unique digital identifier known as a token. Tokenization will enable merchants to fast-track and collect payment seamlessly, enabling customers to check out faster in-store, in-app and online.

In addition, Card Fusion is a web-based instant card issuance platform that enables banks to conclude new card production requests and issue cards within a very short time, thus enhancing their customers’ experience while customers get to personalize their cards instantly.

Interswitch is one of Africa’s largest electronic payments and infrastructure companies and services providing online banking system offerings in areas like point-of-sale terminals, online consumer payment platforms, Quickteller, and Verve, the biggest domestic debit card scheme in Africa, issuing over 35 million active cards since launch.

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Ramadan: Twitter Conversation Increases 31% in 2022

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Ramadan: Twitter Conversation Increases 31% in 2022

By Adedapo Adesanya

In 2022, Twitter was the place to be for the most interesting, important and impactful Ramadan conversations, with over 47 million related Tweets recorded globally during the holy month. This represented a 31 per cent year on year increase from last year, reflecting Twitter’s role as the place to discover what is happening in real-time.

From well-wishes to fashions and bants, it was all shades of amazing as Nigerians joined Islamic faithful across the globe to commemorate the holy month, from start to finish.

Trending conversations on the platform centred around faith, style, food, entertainment and so much more, as people on Twitter shared how they were marking the end of Ramadan.

Twitter provided a platform to showcase the shared experience of attending morning prayers, making charitable donations, sharing feasts and showing up in the glamorous fits and looks. Below are some highlights from this year’s Ramadan celebrations.

Some of the top Ramadan hashtags and keywords on TwitterNG that trended during the Ramadan celebration were – #Arewatwitter; #EidUlFitr; #BarkaDaSallah; #EidMubarak2022; #Ramadan; Abaya; Ilorin.

Fashion and Styles during the celebration were not exempted as the end of Ramadan is celebrated with the most elegant fashion styles on display. Using #ArewaTwitter, Muslims across Nigeria share photos from Eid celebrations; with people in the North, where Islam is most widely practised, being especially praised for their iconic looks. As expected, people on #TwitterNG brought out their best Abaya game!

Embed Tweets:

https://twitter.com/mshs675/status/1521152018148171778?s=20&t=TVoP4NWxbCtS9swCDKDLKA

https://twitter.com/taxfeeq/status/1521092719103426560?s=20&t=TVoP4NWxbCtS9swCDKDLKA

Heartfelt Felicitations on #TwitterNG were a presence with Barka Da Sallah was widely used on #TwitterNG as a way of sending well-wishes during the celebrations. And using #EidUlFitr, #EidMubarak2022 #Ramadan, the Muslim community also dropped engaging Tweets to commemorate the end of Ramadan.

Embed Tweet:

https://twitter.com/babban_officer/status/1521238206485835784?s=20&t=QOTJe1vcloorWJ-GnFOUGA

The banters were also part of the affair. While awaiting the moon sighting update from Saudi Arabia, people on Twitter couldn’t hide their anticipation to end the fast. These hilarious Tweets had Twitter buzzing and cracking up before Eid al-Fitr

Embed Tweet:

https://twitter.com/Kemmy_Hammed/status/1520493502320328704?s=20&t=1qljCQjNFGCG0TLYUIj77Q

Another moment that got people talking was a tweeted photo showing a dense crowd of people in a popular mall in Ilorin.

Embed Tweet:

https://twitter.com/Postsubman/status/1521163328168550401?s=20&t=zkzL0CF0lPLzczBSeqXFPA

Top government officials and influencers also engaged in conversations during Ramadan with President Muhammadu Buhari ( @MBuhari) tweeting for the first time in a while, wishing the TwitterNG community Ramadan Mubarak.

Mr Yemi Osinbajo, The Vice President of Nigeria also wished people on Twitter a Happy Eid al-Fitr.

Embed Tweet:

https://twitter.com/MBuhari/status/1521077805685121025

Ramadan Tweets from across the globe were also added to global conversations highlights related to the holy month:

The symbol used to send salutations upon the Prophet Muhammad (PBUH) ﷺ was Tweeted almost 4 million times, while top Ramadan-related emojis included:

🌙 (A crescent moon); 🙏🏽 (Folded hands );🕌 (mosque); 🙏🏽  (Palms held up together)

Top Ramadan hashtags Tweeted at a global level included:

رمضان# (Ramadan);

#Ramadan;

افطار# (Iftar);

#العشر_الاواخر (Last 10 days of Ramadan)

Twitter, in celebration of Eid Al Fitr, released a hashtag-triggered emoji of the crescent moon when these hashtags below were used during the week of Eid.

عيد_الفطر#;

عيد_مبارك#

كل_عام_وأنتم_بخير#

عيد#

#EidalFitr

#HappyEid

#EidMubarak

#Eid

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Pantami to Chair 2022 World Summit on Information Society Forum

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Pantami to Chair 2022 World Summit on Information Society Forum

By Modupe Gbadeyanka

Nigeria’s Minister of Communications and Digital Economy, Mr Isa Ali Ibrahim Pantami has been appointed by the International Telecommunication Union (ITU) to chair the World Summit on Information Society (WSIS) Forum 2022 taking place at the ITU headquarters in Geneva, Switzerland.

The WSIS Forum is co-organized by ITU, UNESCO, UNDP and UNCTAD with the engagement of 24 other United Nations Agencies, including FAO, ILO, ITC, UNDESA, UNICEF, UNIDO, UNITAR, UNHCR, UNODC, UNEP, UPU, UN Tech Bank, WMO, WIPO, WHO, WFP, UN Women and UN Regional Commissions.

The platform serves as a key forum for discussing the role of ICTs as a means of implementation of the Sustainable Development Goals (SDGs) and targets, with due regard to the global mechanism for follow-up and review of the implementation of the 2030 Agenda for Sustainable Development (UNGA Resolution A/70/1).

The forum also provides a platform to track the achievements of WSIS Action Lines in collaboration with the UN Agencies involved and provides information and analysis of the implementation of WSIS Action Lines since 2005.

In a letter to announce his appointment, the Secretary-General of the ITU, Mr Houlin Zhao, explained that the Minister was chosen for the job due to his “overall commitment to information and knowledge societies and the active role he has played in the WSIS process.”

The theme for this year’s event is ICTs for Well-Being, Inclusion and Resilience: WSIS Cooperation for Accelerating Progress on the SDGs.

A statement issued on Monday by the Technical Assistant to the Minister on Research and Development, Mr Femi Adeluyi, it was stated that the appointment of Mr Pantami has given Nigeria and Africa the unique role of coordinating the activities of the WSIS in its 20th year.

“It is apparent that the world has taken notice of the giant strides of Nigeria’s digital economy under the supervision of the Minister,” a part of the statement read.

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