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Interswitch Bags Award for Innovative Payment Processing

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Interswitch Transnational, a leading Pan-African integrated payments company with operations in Nigeria and a growing presence in West and East Africa, announces that its Verve and QuickTeller solutions have emerged as winners in the Retail Payments and Product & Services Innovation categories at the 2014 ACI Excellence Awards.

These are the fifth annual Excellence Awards held by ACI Worldwide, a leading international provider of electronic payment and banking systems.

The Awards celebrate leading financial institutions, processors and retailers, for their innovative and transformative uses of ACI solutions to solve real-world customer and business issues.

The winners across ten categories are selected by a judging panel composed of ACI experts and leading global payments analysts from Aite Group, CEB TowerGroup and Celent, and are based across the Americas, the Asia Pacific region, and EMEA. This year there were a total of thirty submissions across the ten categories.

Interswitch is one of only two organizations to receive more than one award. Interswitch’s Verve card, Nigeria’s leading payment card, has received the Retail Payments Excellence Award, in recognition of the way it has changed the electronic payment landscape in Nigeria.

The panel noted that, ‘prior to the emergence of electronic payments in Nigeria, transactions were carried out primarily through cash, posing significant financial challenges to businesses and individuals’, something which Verve has helped to alleviate, allowing Nigerians to pay their bills, transfer funds and pay for goods and services at any time, from any channel.

QuickTeller, Interswitch’s Value Added Service platform, which provides customers with access to vital services such as phone top-up, bill payment, cash withdrawal, funds transfer and cashback through ATMs, POS, the web, mobile phones and kiosks, has been recognized with the Product & Services Innovation Excellence Award. The panel especially praised the way in which QuickTeller has enabled streamlined bill pay for customers and bill payers.

Mitchell Elegbe, group managing director and chief executive officer, Interswitch Transnational Holdings, said: “We are delighted by this recognition from the judging panel of the ACI Excellence Awards. Verve is the leading payment card in Nigeria, beating off established international payment rivals, such as MasterCard and Visa, and is increasingly accepted across Africa and around the world. This award recognizes Verve as an industry-leading international payment product.

“We are equally proud that QuickTeller is this year’s winner of the Product & Services Innovation Excellence Award. QuickTeller provides thousands of customers with access to essential services and we are delighted that the ACI panel has chosen to acknowledge its success in this way.”  

Dan Frate, group president, Strategic Products & Global Markets, ACI Worldwide, said: “The record number of Excellence Awards submissions we received this year truly exemplifies the rapidly-evolving global payments industry, and on behalf of everyone at ACI, I want to extend congratulations to this year’s winners and finalists. They are achieving tremendous success for their organizations and countless benefits for their customers. All of these organizations epitomize innovation and great work—from advancements in online and mobile banking to fraud prevention to significant improvements in end-user experience and much more, we’re proud to call them our customers and look forward to their continued success.”


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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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LG Nigeria Begins Nationwide Search for Oldest Working TV, Rewards Loyalty with AI QNED Upgrade

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LG Electronics has announced the launch of a nationwide campaign aimed at celebrating decades of customer loyalty and technological heritage by searching for the oldest still-functioning LG television sets across the country.

The initiative, themed “The Oldest LG TV”, seeks to honour long-time customers whose LG screens have stood the test of time, while introducing them to the future of home entertainment through LG’s advanced AI QNED TVs.

For generations, LG televisions have been more than an electronic device in Nigerian homes, they have been silent witnesses to family milestones, cultural moments and shared memories.

This campaign bridges nostalgia with innovation, acknowledging the emotional connection Nigerians have built with the brand while showcasing LG’s leadership in AI-powered display technology.

The campaign features a storytelling -driven narrative that highlights community, heritage and the evolution of viewing experiences. Participants are invited to share the stories behind their long-serving LG TVs, transforming everyday screens into symbols of trust, resilience and innovation.

In creative twist, the campaign also introduces LG’s AI-enabled televisions as responsive companions that understand viewer preferences, recommend content and enhance picture quality in real time. This shift from nostalgia to futuristic interactivity underscores LG’s continued commitment to delivering smarter, more personalized entertainment solutions.

To participate, simply visit https://lgsearchcampaign.vercel.app/ upload a photo or video of your old LG TV and share the story behind it – how long you’ve had it and the memories it holds.

The winner walks away with a brand-new LG AI QNED TV, effectively trading legacy for luxury.

At its core, this campaign reminds us that technology is not only about pixels and processors, but about people. It’s about the laughter in the living rooms, the silence during tense match moments and the comfort of family routines.

By celebrating the oldest TVs still standing strong, LG is celebrating the people who kept the on, families who trusted the brand through changing times and evolving technologies. In doing so, LG isn’t just upgrading television, it’s upgrading memories into the future.

According to Mr. Choongbae Seok, General Manager, Media Entertainment Solutions, LG Electronics Nigeria, “The journey from our classic CRT Televisions to today’s AI QNED technology reflects how far both our customers and our innovation have come. Those early sets were built to last, and many are still functioning today, a testament to durability and consumer trust. This initiative allows us to honour that legacy while introducing a new era of intelligent viewing, where the screen does more than show content; it adapts, learns and enhances every moment”.

LG Display 2026 TV Models at InnoFest

LG Electronics (LG), a leader in AI-powered solutions for the home, outlined plans to accelerate growth in emerging markets at LG InnoFest 2026 MEA. The event, held in Abu Dhabi, provided a forum to share LG’s strategic direction and market outlook with regional partners. At the exhibition, LG displayed its premium 2026 AI TV lineup focusing heavily on advanced processing power, smarter picture and sound technologies. The flagship OLED evo G6 and 100-inch Micro RGB evo TVs are powered by the new Alpha 11 AI processor Gen 3 enabling faster and more intelligent performance. The OLED evo W6 Wallpaper TV, an ultra-slim television designed to sit flush against the wall like artwork uses true wireless connectivity, reducing cable clutter and creating a cleaner, minimal setup.


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AfCFTA, AGRA Collaborate to Reduce Non-tariff Barriers to Intra-African Food Trade

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The African Continental Free Trade Area (AfCFTA) secretariat signed a Memorandum of Understanding with nonprofit organisation Alliance for a Green Revolution in Africa (AGRA), towards improving agricultural trade in the continent.

On the margins of the 39th African Union Summit over the weekend when the MoU was signed, Wamkele Mene, secretary-general of the African Continental Free Trade Area (AfCFTA) Secretariat, said the three-year ‘Agriculture Trade Action Plan’, was created to ensure better distribution of food products and solve enduring food insecurity for producers, processors and consumers across the continent.

“The continent of Africa in the last few years has been undergoing a food crisis. Africa has the grains but we continue to be a net food importer.” The Secretariat would leverage on the “technical skills,” and “the expertise of AGRA combined with trade tools to enable movement of agric products across the African continent.”

“The main objective is to reduce the cost of food import bill in Africa,” he added.

On its website, AGRA says it is an African-led institution focused on scaling agricultural innovations that help smallholder farmers to increase incomes, live better, and improve food security.

Mene said the Secretariat had spent the last three years working on the plan that is expected to “reduce the cost of food and help to develop agro processing industries. Ministers of trade will adopt it and take it to heads of state for adoption,” he said.

Alice Ruhweza, president of AGRA said the partnership was about “virtual water.”

“When we trade maize, citrus and processed dairy across borders, we’re also trading the water we use to produce them,” she said “And by integrating our markets, water-abundant regions can nourish water-scarce regions,” she said.

AGRA and the AfCFTA said they will commit to protecting food systems from drought and floods, by linking food corridors and food baskets into agro-processing zones that utilise sustainable water management

“We will empower smallholder farmers to ensure the free trade prosperity reaches farmers and youth who farm our land and protect our streams,” they promised, with the end goal being that “ no child goes to bed hungry.” “Let this partnership prove that when Africa trades with itself, it feeds itself,” Ruhweza said.


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African Leaders Highlight Africa’s AI Ambitions

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African leaders used the AU Summit in Addis Ababa over the weekend to sharpen the continent’s technology agenda, with Ethiopia positioning artificial intelligence (AI), digital infrastructure and connectivity as pillars of Africa’s economic future.

Opening the 39th African Union Summit, Ethiopian prime minister Abiy Ahmed outlined an ambitious vision to place Africa at the forefront of the global AI race, anchored by Ethiopia’s plan to launch what he described as Africa’s first AI-focused university.

“In 2020, Ethiopia established Africa’s first Artificial Intelligence Institute. Building on this foundation, we are preparing to launch an AI university anchored in the philosophy of Medemer, purposeful collaboration, to unite human values with machine intelligence and position Africa as a global leader in the age of intelligence,” Abiy told delegates. “

He framed AI not as a standalone sector, but as a cross-cutting enabler for governance, industry and social development. “Every river we manage, every city we design, and every digital platform we deploy must generate resilience, opportunity and dignity,” Abiy said. He further linked digital transformation to Agenda 2063’s long-term prosperity goals.

Beyond AI, the high-powered AU summit discussions highlighted digital identity, cross-border connectivity and telecom expansion as critical building blocks for an integrated African market. Ethiopia’s Digital Ethiopia 2030 roadmap, including its Faida digital ID ecosystem, was cited as a model for secure, interconnected public services.

Abiy pointed to aviation and telecom infrastructure as key accelerators for economic development across the continent. “Through Ethiopian Airlines, we connect people and markets. Ethio Telecom is expanding partnerships across Africa to bridge the digital divide,” he said.

The Ethiopian leader added that large-scale infrastructure projects are designed to anchor Africa deeper into global value chains.

The broader summit tech agenda also touched on regulatory harmonisation, digital trade and data governance, with leaders emphasizing that continental cooperation is essential to avoid fragmented digital markets.

UN Secretary-General António Guterres underscored the need for inclusive innovation, telling delegates that Africa’s digital rise must be “people-centered and opportunity-driven,” while African Union Commission Chair Mahmoud Ali Youssouf stressed coordinated policy frameworks to accelerate adoption.

“AI capability, digital infrastructure and unified regulation are no longer optional ambitions, but strategic imperatives shaping the continent’s competitiveness in the intelligence era,” he said.

 


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