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Airtel Africa, Mastercard  Partner for Digital Payments

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Airtel Africa has announced a partnership with Mastercard, giving over 100 million Airtel Africa mobile phone users across 14 African countries access to Mastercard’s global network.

 

The Mastercard virtual (non-plastic) card allows Airtel Money customers, even those without a bank account, to make payments to local and global online merchants that accept Mastercard cards, while ensuring that the customer’s financial data is always secure and private.

 

In addition, Airtel Money customers will also be able to make in-person payments at outlets via Quick Response (QR) codes (whereby payments are made from an Airtel mobile phone by scanning the QR code displayed at checkout or by entering a merchant identifier, at any location worldwide that Mastercard QR is accepted). To date, there are over 1 million merchant locations across Africa that accept Mastercard QR payments.

 

Airtel Money customers will also benefit from competitive pricing and preferential exchange rates for international payments, and gain access to other  domestically relevant use cases including bill payments , merchants payments and value added services such as cash management solutions.

 

Raghunath Mandava, the CEO of Airtel Africa said, “Airtel and Mastercard have a shared passion for digital transformation and making mobile financial services accessible to everyone across the continent. Through our partnership we will enable over 100 million Airtel Africa customers make safe mobile money purchases online and in person. The partnership will also significantly bolster Airtel’s position as one of the the largest offline-to-online digital payment network in Africa. We are really excited to embark on this partnership with a globally trusted brand like Mastercard. This partnership is truly revolutionary in our market, giving millions of people better access to the digital and online world.”

 

Amnah Ajmal, executive vice president for Market Development, Mastercard Middle East and Africa, said, “Across the MEA region our digital partnerships strategy remains focused on enabling digital transformation for our partners so that their consumers can enjoy seamless access to payments and a superior experience. We are very excited to partner with Airtel to lead the transition to digital by enabling access to their millions of consumers for online and in-person payments across the globe. Mastercard is uniquely positioned as a single technology provider to enable our digital partners like Airtel to transition seamlessly into digital”.

 

Mobile internet connections are expected to grow rapidly in Africa due to low cost smartphones and high-speed GSM networks being rolled out by Mobile Network Operators like Airtel.  This growth in internet connections is creating increased demand for digital content, social media, m-commerce even online education and a need to make online payments easily and securely by both banked and unbanked consumers.

 

 

 

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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E-Financial

Zenith Bank Partners Facebook on SME Empowerment

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Zenith Bank Plc in collaboration with Facebook is organising a free one-day workshop for operators of small and medium scale enterprises (SMEs).

Zenith Bank Partners Facebook on SME Empowerment

The capacity building programme is focused on how Facebook, Instagram, WhatApp and other digital channels could be used to engage potential prospects, market offerings and grow business volumes.

The workshop is scheduled to hold on Wednesday, January 29th and Thursday, January 30th, 2020 by 08:30 a.m. at Zenith Bank branches at 23, Oba Akran Avenue, Ikeja, Lagos; 201, Ikorodu Road, Obanikoro, Ilupeju, Lagos; and 2, Aromire Road, Ikoyi, Lagos.

“The workshop is open to customers and non-customers of the bank. To register attendance, please send an e-mail titled: Zenith Bank SME Digital Workshop to smepartners@zenithbank.com. The e-mail should contain the following information: Name of participant, preferred venue of attendance and date,” the bank stated.

Zenith Bank last month supported and sponsored various technology start-ups and innovative ideas at its Tech fair.

Speaking at the event, Ebenezer Onyeagwu, MD/CEO, Zenith Bank, pledged the bank’s continuous support for small businesses.

 

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Female Banker Accused of Stealing N42m

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Aghata Igwe, a former banker,  who allegedly obtained N42 million from a businessman under false pretences, on Monday appeared at an Igbosere Magistrates’ Court in Lagos.

Female Banker Accused of Stealing N42m

Igwe, 42, whose residential address was not given, is standing trial on a three-count charge of conspiracy, fraud and stealing.

She however pleaded not guilty to all the counts preferred against her by the police.

Earlier, , SP George Nwosu, prosecutor, told the court that the defendant and others at large committed the alleged offences from March to May 2017, at Ilupeju area of Lagos.

Nwosu said that the defendant fraudulently obtained the sum of N42 million from Maydom Pharmaceutical Ltd., under the pretext of assisting the company to facilitate a grant of one million US dollar import finance loan from Fidelity Bank Plc.

“The defendant convinced the complainant that she will use the said N42 million to lobby the bank to grant the company a loan of one million USD for importation purposes.

“The defendant did not facilitate any one million USD loan and did not refund the money she obtained from the complainant,” Nwosu alleged.

He said that the offences contravened Sections 287, 314 and 411 of the Criminal Law of Lagos State, 2015.

Mrs O. O. Oshin, magistrate, granted the defendant N500, 000 bail with two sureties in like sum.

She ordered that the sureties must be gainfully employed and must have at least N1 million in their bank accounts.

She also said that the sureties must also show evidence of tax payments to the Lagos State Government.

She adjourned the case until Feb. 24, for mention.

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First Bank Wins Best Mobile Banking App, Fastest Growing Retail Bank Awards

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First Bank of Nigeria Limited has been named 2019 “Best Mobile Banking App” and “Fastest Growing Retail Bank” winner by Global Business Outlook.

First Bank Wins Best Mobile Banking App, Fastest Growing Retail Bank Awards

The Global Business Outlook Award recognises and rewards excellence in business in companies across the world, both in the public and private sectors.

The award rewards innovation, creativity and the drive to create value.

FirstBank earned the Fastest Growing Retail Bank recognition because of its leading role in promoting financial inclusion in the country, a drive which has resulted in its 44,000 Agent Banking network designed to complement the provision of bespoke financial services at its over 750 branches nationwide.

It also won the Best Mobile Banking App award thanks to its Firstmobile banking app’s capability at performing a wide range of financial transactions in a safe, adaptable, futuristic and efficient manner.

The user-friendly app is widely renowned for its ease of navigation and state-of-the-art security features to mitigate risk against fraud.

In the course of 2019, FirstBank bagged numerous awards across various areas of its business operations.

The awards comprise Women Empowerment Category – Sustainable Banking Awards by CBN Bankers Committee, Best Private Bank in Nigeria 2019 by Global Finance Magazine and World Finance Magazine respectively; Best Process Automation Initiative, Application or Programme by Asian Banker International Excellence in Retail Financial Services; Best Banking Brand Nigeria 2019 by Global Brands Magazine; Best Retail Bank in Nigeria by Global Banking and Finance Review and Asian Banker International Excellence in Retail Financial Services Awards respectively; Cashless Driver: Highest Volume in Bill Payments and Highest Transaction Volume in Real-Time Payments by CBN Electronic Payments Incentive Scheme – Efficiency Awards; Long Service Corporate Award by Nigerian Economic Summit Group; Best Financial Inclusion Program – Nigeria 2019 and Bank of The Year – Nigeria 2019 by International Investor, amongst many others.

Speaking on the awards, Folake Ani-Mumuney, Bank’s group head, Marketing and Corporate Communications, said, “We appreciate the recognition of these awards by the respective awarding bodies. The awards are dedicated to all our customers across the globe as their continued patronage of our services is appreciated. We remain steadfast and would not rest on our laurels at rendering bespoke financial services tailored to meet the financial needs of our valued customers, irrespective of where they may be.”

 

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