Connect with us

Telecom

Softcom Unveils Eyowo, the Bank on Your Phone Number

Published

on

L-R: Yomi Adedeji, CEO, Softcom, Ebinye Jamaica, Product Manager, Eyowo, Opeyemi Adeyemi, Lead, Product and Partnerships, Eyowo and Tomi Amao, CEO, Eyowo,at the launch of Eyowo – bank on your phone number, on Thursday, in Lagos.
Kindly share this post

Softcom has announced the launch of its latest innovation, Eyowo; a bank it says will revolutionize how people send, spend, save, receive and borrow money.

 

Eyowo aims to provide simple, modern and reliable financial services to anyone with a phone number. This includes consumers, retailers, businesses, and developers.

 

Tomi Amao, ceo, Eyowo, said “Eyowo was created in an attempt to solve the financial inclusion problem in Nigeria. Today, we are launching a bank for all.

 

“Our target market is everyone who has a payment need and has a phone number.

 

“This includes people and businesses who want to make or receive payments for goods and services online and offline”, Amao adds.

 

With Eyowo, people can send and receive money, buy airtime, pay bills, make cardless ATM withdrawals, request and accept payment from customers using only their phone numbers.

 

The company says that individuals can also save and earn interest, borrow money at zero interest and have access to dollar cards to carry out international transactions.

 

Ope Adeyemi, lead, Product and Partnerships, Eyowo, said “We’ve engineered products that are truly accessible to everyone regardless of the social status they belong to.

 

“Eyowo is available on Android, iOS, USSD, Voice, SMS and on the web”.

 

The company also highlighted Eyowo Retail, a service which uses just one tool to manage orders, payments, inventory, customers, settlements and reports, thus helping retailers organise their business more efficiently for optimal growth.

 

Businesses can also now accept more forms of payment – cash, card, bank transfers, and Eyowo.

 

“This will significantly expand the customer base and horizon for internet-enabled businesses who today can only receive payments from bank account holders.”, Adeyemi noted.

 

To deliver on its promise, Eyowo has partnered with leading financial service institutions including Providus Bank, GTBank, Interswitch, NIBSS, Bank of Industry, Verve, amongst others.

 

“We will continue to join forces with organisations whose ethos are aligned with our vision for financial services in Africa,” Amao asserts.

 

In addition to these, Eyowo has created a developer platform that enables developers to build payment products, tools, and experiences that people love by exploring Eyowo Developer API documentation, SDKs and other resources.

 

These API integrations will help platforms in receiving payments and making payments to anyone who has a phone number.

 


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

Spacecoin Secures Licenses to Roll Out Satellite Connectivity in Nigeria, Kenya

Published

on

Kindly share this post

Spacecoin, US-based, has announced the signing of recent agreements with local authorities and operators to launch satellite connectivity pilot projects in Africa.

Spacecoin Secures Licenses to Roll Out Satellite Connectivity in Nigeria, Kenya

The initiatives, focused on Kenya and Nigeria, aim to serve areas where terrestrial networks remain limited or unavailable.

n Kenya, Spacecoin has obtained a transmission license from the Communications Authority, allowing it to test satellite-based solutions for connectivity and Internet of Things (IoT) monitoring, particularly in rural and peri-urban areas with limited internet access.

According to the Kenyan regulator, internet penetration remains below 50% of the population, despite mobile penetration exceeding 130%.

In parallel, the company is continuing operations in Nigeria under an existing license issued by the Nigerian Communications Commission (NCC).

This authorization supports initiatives aimed at delivering affordable broadband connectivity to isolated and underserved communities.

Spacecoin’s approach is based on a decentralized satellite network using nanosatellites in low Earth orbit (LEO).

Combined with blockchain-based protocols, this architecture is intended to offer more flexible and cost-effective connectivity services than traditional networks, while also enabling the integration of IoT solutions for a range of uses, from smart agriculture to infrastructure monitoring.

These projects are part of a broader strategy to help narrow Africa’s digital divide, where a significant share of the population still lacks access to reliable internet services.

Satellite technology is increasingly viewed as a complement to terrestrial infrastructure, particularly in hard-to-reach areas where deployment costs and geographic constraints remain high.

Beyond Africa, Spacecoin is also running pilot projects in Asia, working with local partners to test the viability of its model across different regulatory and geographic environments.

According to the company’s management, growing interest from regulators reflects a shift toward solutions capable of reaching populations that have long been excluded from internet access.


Kindly share this post
Continue Reading

Telecom

AVEVA Names Khaled Salah Vice President for Africa to Drive Growth

Published

on

Kindly share this post

AVEVA, a global leader in industrial software, driving digital transformation and sustainability, today announces the appointment of Khaled Salah, 37 years old, as Vice President of Africa.

AVEVA Names Khaled Salah Vice President for Africa to Drive Growth

Khaled Salah

In this new role, he will be responsible for about 30 employees to ensure the successful implementation of AVEVA’s growth strategy. Khaled Salah will report directly to Jesus Hernandez, SVP of the EMEA region.

A 15-years + career across different industries and domains

With a MBA in management from the Warwick business school, UK, and a master’s degree in engineering from Ain Shams university in Egypt, Khaled Salah is an active advocate for driving sustainable progress in the industrial sector. With Sustainability in mind, Khaled is keen on making a positive business impact, while fostering progress for people and the planet.

He started his career at Schneider Electric, in 2013 in the global supply chain and evolved through various roles such as Europe procurement and supply chain strategy Manager, and Global Commercial strategy Director for the industrial automation business. Khaled Salah has developed a strategic understanding of all those fields.

After 12 years in Schneider Electric, Khaled joined AVEVA in 2022 to lead AVEVA and Schneider Electric global strategic partnership, across all industries managing a team of 30 people.

He has led the introduction of new AVEVA software solutions to initiate and develop significant growth areas across all Schneider Electric verticals.

Ambitious plans for AVEVA in Africa

In addition to his current role as AVEVA and Schneider Electric partnership Vice-President, Khaled now takes over the management of AVEVA’s activities in Africa.

Jesus Hernandez, SVP of the EMEA region says: “Africa is a strategic region for AVEVA. In this major industrial market, customers, world leaders in the fields of Energy, Metal & Mining, Chemicals, and Water, are looking for AVEVA’s expertise to accelerate and drive their digital transformation and sustainability strategies, as well as their energy transition projects.

“Khaled Salah’s qualities of leadership in a global environment will benefit his team spread across 12 countries including Algeria, Morocco, Egypt, Kenya, Nigeria, and South Africa.”

Motivated by the prospect of capitalizing on the talent of his team to strengthen AVEVA’s presence in Africa in the years to come, Khaled Salah says: “Helping my team realize their professional potential is close to my heart.

“We will work together to support and accelerate the digital transformation of industries in Africa, in particular through CONNECT, our industrial intelligence platform, with the support of our ecosystem of partners. »


Kindly share this post
Continue Reading

Telecom

Google Report: Nigeria Leads Global AI Adoption in Learning, Entrepreneurship

Published

on

Kindly share this post

A Google-Ipsos report reveals Nigerians topping global AI usage at 88%, surpassing the 62% worldwide average, with sharp rises in education and business applications.

Google Report: Nigeria Leads Global AI Adoption in Learning, Entrepreneurship

Google

“Our Life with AI: Helpfulness in the hands of more people” shows 93% of Nigerians using AI for learning complex topics versus 74% globally, 91% for work assistance, and 80% for new ventures—nearly double the 42% global rate.

Taiwo Kola-Ogunlade, Google’s West Africa Communications Manager, stated: “Nigerians are creatively using AI to unlock opportunities for learning, growth, and economic empowerment, shaping their future with technology.”

Key findings highlight 91% viewing AI positively for learning access, 95% expecting benefits for students and educators, and strong optimism—80% excited versus 20% concerned, compared to global 53%-46% split. Frequent users show 90% excitement


Kindly share this post
Continue Reading

Trending