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MasterCard Takes Cashless, E-Payment Messages to “Restaurant Week”

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MasterCard, a multinational financial services corporation, said it is delighted with the efforts of the Central Bank of Nigeria and the financial institutions in ensuring a topnotch e-payment system in Nigeria.

Speaking to Nigeria CommunicationsWeek on the commencement of first MasterCard Restaurant Week presented by Lost in Lagos, Omokehinde  Ojomuyide, vice president and Area Business Head, MasterCard West Africa, said that the Company’s participation was born out of desire to give its card holders and food-lovers, a priceless treat and promote cashless policy.

Ojomuyide told Nigeria CommunicationsWeek that “Restaurant Week is a new thing in Nigeria, but not in other parts of the world. Lost in Lagos said, the State is now filled with new business activities and focused feeding us; fine dining, cool environment and good service, so we need to showcase those restaurants.

“They are partnering with 28 out of the many restaurants in Lagos to say over a 21-day period, please give people the best offer you have. So, they came to us and shared the idea and we thought it wise to do something that impact on the people positively.

“We are happy that the number of people using MasterCard in Nigeria is impressive. The growth we have heard in the past three years is a welcome development. We are seeing the transition from cash to card payments”.

Satisfied with the pace of e-payment and card system adoption she said, “I do not think MasterCard will ever be satisfied until all transactions are electronic. So, it is a journey. In fact, every country that has embraced card system of payment must have passed through this phase. Even the US and UK have been doing this for over 50 years and they still have cash in circulation. So, you will never be satisfied, because our role is to move from cash to electronic payment. It just means we are going to be in the business for a long time.

“Having said we will never be satisfied until there is no cash, I would say that the growth Nigeria has made in the past three years, considering the unique challenges you have in Nigeria, it is good. You cannot take Nigeria in isolation. You cannot expect the cashless to be 100% successful without looking at the fact that having electricity always is a basic requirement for the terminals to be operational, communication has to be topnotch. There are challenges are easing away, which is good news for the industry and the country at large. The CBN and the banks are working round the clock to ensure the cashless and card payment systems are successful”.

According to the organizers, from 1 November – 21 November 2014, MasterCard cardholders will be able to enjoy the best dining experiences that Lagos has to offer at exceptional prices.

Famous the world over, Restaurant Week is a culinary event that celebrates all the qualities that define a great restaurant:  high standards in food and presentation, ambiance and service.

Held in several cities including Amsterdam, New York, Singapore, Beijing and now Lagos, Restaurant Week gives food-lovers the opportunity to dine at top restaurants at discounted set-menu prices. 

MasterCard Restaurant Week will include special menus from 28 of the city’s top restaurants including Spice Route, Fusion, Bistro 7, Oje, Viceroy and Bar Campione as well as a handful of exclusive, fine dining, establishments like Izanagi, Rooftop and Medici Restaurant among others.

“MasterCard Restaurant Week will change the way people look at dining out in Lagos as it will give food-lovers the opportunity to experience new restaurants that they may have been unable  to try before,” said Tannaz Bahnam, founder of Lost in Lagos. “Each of the participating restaurants is known for their excellent cuisine and service, ensuring that restaurant-goers will enjoy an unforgettable dining experience,” she says.

Over the three-week promotional period, all participating restaurants will offer a three-course set menu including a choice of appetizers, main dishes and desserts.

Diners can select from an exclusive MasterCard Restaurant Week menu at a set price starting from N4,000 for lunch, N6,000 for dinner and N10,000 for fine dining.

To redeem these offers, MasterCard cardholders need to register on MasterCard’s Priceless Africa (www.pricelessafrica.com) platform.

“Consumers in Nigeria have a strong affinity for dining out, and through MasterCard Restaurant Week, we can  reward our valued cardholders by offering an unrivalled experience that not only helps them to pursue their passion for great food, but encourages a continual shift from cash to electronic payments,” explained Ojomuyide.

MasterCard launched the Priceless Africa consumer loyalty platform in Nigeria in 2013.

Dedicated to bringing consumers closer to their passions while celebrating the spirit of Africa, the popular campaign offers a collection of special discounts and rare experiences, curated just for MasterCard cardholders.

MasterCard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.

 


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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.

E-Financial

Access Bank Unveils DiamondXtra Season 16, Dangles N200m, 3 SUVs

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The sixteenth season of DiamondXtra, a savings and reward account where customers of Access Bank are rewarded with several prizes, have been unveiled in Lagos.

Access Bank Unveils DiamondXtra Season 16, Dangles N200m, 3 SUVs

 L – R : Doris Okpara, Product Manager, DiamondXtra; Ngozi Igboanugo, Regional sales Manager Festac 1&2 & mainland Access Bank; Bolarinwa Animashaun, Regional Sales Director Lagos 2 Access Bank ; Emeka Ezikeugo, Diamondxtra N200,000 Onsite winner; and Adaeze Ume, Head Consumer liabilities, Access Bank during the launch of Diamondxtra Season 16 held at Alaba International Market Lagos yesterday.

The Season 16th of the special interest yielding hybrid account which allows deposit of both cash and third-party cheques has been upgraded as customers will win prizes to the value of N200 million and three SUVs, amongs other mouthwatering prizes.

Speaking at the unveiling in Alaba International Market, Lagos, Mr Bolarinwa Animashaun, regional sales director, Lagos, said the new season will bring more goodies to the customers as the bank has taken their interest at heart.

“In the last fifteen years, we have been able to ensure customer loyalty, reward committed customers over time and show that we are a bank that is ready to empower people and partner with people.

“If I take it into specific figures, we have rewarded 26,696 customers and we’ve given a total sum of N6.5 billion over the period.

This Season16is interesting, because, we have seen a lot of opportunities to expand into digital opportunities and this time around, we will be rewarding 15,786 customers, and 10,000 of them will be digitally rewarded.

“This is almost half of what we have done over the last 15 years. So that is what is making it special. We have takenit into the possibilities of how technology can expand our business and reward customers”.

The draws for the new season are going to be the same like the previous ones as it will be held in different regions.

“So, we start from the monthly draws, quarterly draws and the annual draws. What makes it extremely interesting this year is that we will be rewarding with up to N200 million in prizes and we have added some very interesting gifts. We will be given out three SUVs as part of the N200 million price for this year”, Animashaun added.

At the unveiling, Access Bank conducted onsite draws where 48 customers who have DiamondXtra accounts and were present at the unveiling won cash prizes ranging from N20,000 to N200,000.

Breakdown shows 40 customers won N20,000 each, five customers won N50,000, two customers won N100,000, while one customer went home with N200,000.

Among winners of the N20,000 prize was Mr Victor Edobor, who said he opened the DiamondXtra accounts 24-hours before the draws.

One of the two winners of the N100,000 prize, Mrs. Maureen Nneka Oforka, said she was surprised to have won at the well-attended event as that was her first time winning any prize.

She said, “I have never won any prize in my life. This is my first. I came here reluctantly and thank God, I am here and I am a winner of N100,000 which has already been paid into my account.

The grand prize winner of N200,000, Mr. Emeka Ezikeugo, a trader in Alaba, said. “I will forever be grateful to Access Bank for the prize as I was not expecting it. I thank the bank for showing leadership among its peers”.

To be part of the winning train and qualify for the DiamondXtra season 16 which is open to both new and existing customers, new customers are required to open a DiamondXtra savings account with just N5,000 by dialling *901*5# or walking into one of our branches to open the account.

However, the more multiples of N5,000 both new and old customers save, the higher their chances of winning at the monthly, quarterly and annual draws.

DiamondXtra is an interest yielding hybrid account which allows deposit of both cash and third party cheques. Hybrid means a combination of both savings and current account features. The DiamondXtra reward scheme has given away over N6.5 billion in cash and household items to over 15,000 loyal customers over the last 15years.  Please click HERE to learn more.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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Lafarge Africa Launches Girls-in-Tech Programme to Empower Women Innovators

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Recognising the underrepresentation of women in the technology sector, Lafarge Africa Plc, has launched the Girls in Tech Program, a pioneering initiative aimed at empowering young women in technology.

Meticulously crafted to bridge the gender gap in tech and empower 10 young females between the ages of 18-25 years from Lafarge Africa Host communities in Cross River State, the program is poised to make a significant impact in the region.

The Girls in Tech Program seeks to harness the unique talents of these young women and introduce them to the dynamic world of technology. By providing them with essential skills and opportunities, the initiative aspires to equip them to become self-reliant as well as problem solvers in society.

In collaboration with Aptech and Arena Multimedia,globally recognized leaders in technology incubation and opportunity, as well as The Bridge Leadership Foundation, the boot camp promises to be a transformative experience for the participating girls, who are eager to make their mark in the tech industry.

Speaking during the onboarding to flag-off in Calabar recently, the Plant Manager, Lafarge Africa Plc, Sotirios Valsamakis, who was represented by the Human Resources Business Partner, Lafarge Africa Plc; Barong Ita, revealed that the program was in line with the company’s commitment to diversity and inclusion.

She also added that the initiative is designed to ignite a spark of inspiration, hope, and possibilities in the heart of the selected girls across the host communities.

“As an organization, people are an integral part of our sustainability drive, and we are invested in building lasting progress by empowering members of our host communities. We also recognize the need for greater and greener diversity and inclusivity within the tech sector.”

Today’s event is not just about launching a program. It is about igniting a spark of inspiration, hope, and possibilities in the hearts of these young women. It is about challenging stereotypes.”

Also speaking at the event, the Cross Rivers State Commissioner for Science, Innovation & Technology, Justin Beshel represented by Edwin Adie, Technical Senior Advisor, Cross Rivers State Ministry of Science & Technology commended Lafarge Africa for the initiative adding that it is in line with the State government’s plan towards science, technology and innovation development.


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Hydrogen, CCHub Partner to Encourage Fintech Startup Success

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As the country faces economic challenges, the need for adaptive strategies in the fintech industry becomes paramount. In line with this, leading Fintech startup, Hydrogen Payment Services Limited (‘Hydrogen’), has teamed up with Co-creation Hub (‘CcHub’) to host an insightful event themed, ‘Adapting Fintech Business Models to Economic Climes’.

The event, set to take place on Thursday, April 18, 2024, from 12:00 WAT at the CcHub office in Sabo, Lagos, will delve deep into the intricacies of Nigeria’s economic challenges and how these influence the fintech ecosystem.

Participants will gain actionable insights on how to adapt fintech business models to volatile economic conditions by prioritising flexibility, agility, and customer-centricity.

This collaboration underscores the shared commitment of both entities to empower aspiring founders venturing into the Fintech space amidst economic uncertainties.

By leveraging their respective expertise and resources, Hydrogen and CcHub aim to equip emerging entrepreneurs with the knowledge, tools, and support needed to thrive in today’s dynamic economic conditions.

Emeka Awagu, Chief Technology Officer at Hydrogen, commented on the strategic partnership with CcHUB: “Our alliance with CcHUB amplifies our shared commitment to pioneering transformative solutions in Nigeria’s fintech sector.

“By leveraging Hydrogen’s technological expertise alongside CcHUB’s innovative approach, we are primed to set a new standard for fintech excellence and drive impactful change across the industry.”

The event will feature a distinguished panel of industry experts and thought leaders, including, Ina Alogwu, Group Director, Digital Transformation, ARM HoldCo; Emeka Awagu, Chief Technology Officer, Hydrogen, and Miracle Ezechi, Digital Marketing Manager, Hydrogen.

The panel discussion will be moderated to encourage an engaging and insightful conversation on the strategies and innovations required to thrive in Nigeria’s Fintech landscape amidst economic challenges.


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