News
UnionPay International Pursues Global Growth with ACI
ACI Worldwide, a provider of real-time electronic payment and banking solutions, has formed a key strategic partnership with Shanghai-based bankcard company UnionPay International, a wholly owned subsidiary of China UnionPay.
According to a release, the deal will allow UnionPay International to significantly grow its worldwide footprint by connecting to the ACI network of payment endpoints around the world — including both in-store and card-not-present environments using ACI Universal Payments solutions.
Additionally, the agreement will provide UnionPay International with a next-generation platform that will enable the company to bring new products and services to market with greater speed.
ACI UP solutions will enable UnionPay International to innovate in the fast-growing mobile payments space. Through its ACI implementation, UnionPay expects to accelerate the rollout of new payment services for online and mobile payments.
“This partnership is of great significance as it promotes cooperation in the development of our overseas business,” UPI CEO Cai Jianbo said in the release. “We can respond faster to our customers’ needs and increase the efficiency of our business operations.”
“UnionPay’s growth opportunity is considerable, with Chinese consumers now making more than 100 million trips outside of Greater China annually, and this number is expected to increase substantially,” Dan Frate, group president of ACI On-Demand, said in the release.
News
Stella Ikwuegbu, Nollywood Actress is Dead
Stella Ikwuegbu, veteran Nollywood actress is dead.
![Stella Ikwuegbu, Nollywood Actress is Dead](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2024/06/Stella-Ikwuegbu.jpg?resize=457%2C186&ssl=1)
Mrs Stella Ikwuegbu
Stanley Nwoko better known as Stanley Ontop, movie producer, made known this known on Sunday by via his Instagram page.
Stanley Ontop, revealed that the actress passed away today, Sunday, June 16th, after battling with leg cancer.
He wrote: “Nollywood actress and veteran Mrs Stella Ikwuegbu is dead. The veteran actress left this world today after battling with leg cancer. Rest well, Madam Stella. Nollywood again. It’s well.”
The late actress began her career in 1990, appearing in numerous films such as ‘Spoiler,’ ‘Ukwa,’ ‘Sound of Love,’ ‘Holy Man,’ ‘Two Hearts,’ ‘Heart of Stone,’ and ‘Madam Koikoi,’ among others.
Hailing from Enugu, she was not only an actress but also a businesswoman.
A graduate of the Institute of Management and Technology (IMT) in Enugu State, she launched her restaurant, ‘The Film Bar,’ on August 1.
The actress’ death comes barely five days after veteran Yoruba actor Dayo Adewunmi, aka Sule Suebebe, died at 68.
News
MoneyMaster to Showcase Mobile Wallet @ Ojude Oba Festival
As the ancient city of Ijebu ode gets set to host another Ojude Oba festival, Nigeria’s leading payment service bank, Moneymaster Payment Service Bank Limited (MMPSB) has concluded arrangements to be part of the annual event where the indigenes of Ijebuland will be onboarded to the bank’s multipurpose mobile wallet.
The Ojude Oba typically holds on the third day of the Eid-El-Kabir whereby different cultural age groups put up a spectacular parade to pay homage to the Royal Majesty, the Awujale of Ijebualand.
Preparatory to the event, Moneymaster, had embarked on month-long market activation, across Ijebuland to onboard the indigenes on to one of its digital banking platforms – mobile wallet through which customers can transfer, withdraw from an agent, buy airtime and pay utility bills.
In a statement, Moneymaster opined that once majority of Nigerians embrace mobile wallet which enables them to cultivate a more convenient savings habit and also make to payment with ease, the nation’s move towards a cashless economy will become a reality.
“While we rejoice with the people of Ijebuland at this time, we also want to showcase what we have in Moneymaster’s mobile wallet that can help various people to enjoy seamless banking from their phones”, the statement noted.
Licensed by the Central Bank of Nigeria in August, 2020 and insured by NDIC, Moneymaster Payment Service promotes financial inclusion in furtherance of the Nigerian financial literacy initiative driven by the Central Bank of Nigeria.
With Moneymaster, Nigerians can open mobile wallets, savings account, individual and business accounts to make payments, buy airtime, pay utility bills to over 4,000 companies.
The Bank was recently appointed a payment partner to the Ounje Eko initiative by the Lagos State government in its bid to provide discounted food items to residents of the state amidst rising cost of food items.
News
President Tinubu Appoints Ayodeji Ariyo Gbeleyi as New DG Procurement Bureau
President Bola Tinubu has approved the appointment of Mr. Ayodeji Ariyo Gbeleyi as the Director-General of the Bureau of Public Enterprises (BPE).
Ajuri Ngelale, Special Adviser to the President on Media and Publicity, in a statement released on Saturday, June 15, said the move was part of a larger reorganization effort in the public procurement system to reposition the agency for greater efficiency and transparency.
Ajuri added that the President thanked Ahmadu for his services and wished him success in his future endeavours.
The statement further noted that Gbeleyi is a renowned financial expert and award-winning chartered accountant.
It said he is a fellow of both the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.
According to Ngelale, Gbeleyi is also an alumnus of executive programmes of the prestigious London Business School, Harvard Kennedy School of Government, and Lagos Business School.
He said Gbeleyi has over 30 years of post-qualification experience in diverse sectors, including manufacturing, fast-moving consumer goods, investment and commercial banking, project finance, telecommunications, infrastructure, and public administration.
The statement added,“He was the Board Chairman of the Federal Mortgage Bank of Nigeria and Commissioner of Finance in Lagos State from 2013 to 2015.
The President expects the new Director-General to bring his vast experience and competence to bear in this role to strengthen the agency as the national resource centre for capacity building and sustenance of reforms through the promotion of a competitive private sector-driven economy, ensuring social accountability and efficient deployment of public resources, as well as advancing effective corporate governance and fiduciary discipline in the public and private sectors.”
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