The Risk of Expansion Pays off or Maybe Not- Klarna’s Sevenfold Jump in Losses
Klarna the $5.5 billion Swedish fintech known for its ‘buy now, pay later” scheme has racked up a net loss of 522 million Swedish krona ($59.8 million) between January and June, a sevenfold increase from the same period since last year, CNBC reported.
Standard Chartered Partnering Visa- The Missing Link in E-Commerce Payments?
The future of ecommerce in Nigeria and Africa has been discussed in many circles. It seems as though from the onset, the chances of success has been shaky as a result of reasons like ineffective delivery/logistics services, less than standard technology, and even consumer exposure. However, Standard Chartered has now collaborated with Visa on a campaign to encourage the adoption of ecommerce solutions during and post the Covid-19 pandemic.
NCC’s N9 Million Grant To Tech Startups Validates the Essentiality of Government Support for Tech Advancements
Today, the 1st of September at 11am, the Nigerian Communications Commission (NCC) has invited operators and other industry stakeholders to participate virtually in the Grant/Prize Award ceremony for the awarding of N9 Million research grants to three Nigerian startups which will use digital solutions to contain the impact of the Covid-19 pandemic in the country.
Microsoft is Ending Internet Explorer but do we even Care?
Microsoft has confirmed end of support dates for both legacy Edge and Internet Explorer 11 meaning there will be no more security updates on March 9, 2021 for the old version of Edge and August 17, 2021 for Internet Explorer 11, Forbes reported.
Is Lagos State Starting to Show Support for Tech Startups or is It All a Facade?
Media reports had it that the Lagos State Government has awarded grants to start-ups and science research initiatives from various universities within the state. A total grant of N100 million is supposedly part of the development agenda of the Babajide Sanwo-Olu administration which includes fueling technology-driven innovations to transform Lagos into a 21st century digital economy and Smart City.
EcoBank Joins GTB, Fidelity and Others To Prove the Future of Payments is Virtual
Owing to the many changes that was brought about by this year, one trend that seemed the most welcomed in that many companies and individuals have evolved into making payments electronically, banks inclusive. Ecobank, the Pan-African bank now amps up its e-payments offerings with the launch of its virtual card.
Microsoft Flight Simulator and Its Significant Implications on Global Aviation
Microsoft has created and released numerous amateur flight simulator programmes under the umbrella term Microsoft Flight Simulator or MSFS for short. Recently, the tech giant announced the latest release in the series, tagged Microsoft Flight Simulator (colloquially called Microsoft Flight Simulator 2020), 14 years after the Flight Simulator X. Prior to the release a lot of hype was generated about the game, most of which came from Microsoft, old fans and admirers who had not even played the game. Simultaneously, there were people and groups critical of the game and feared that it might be a colossal failure and repudiation of previously recorded successes.
Google’s Plan Might Save Young Professionals Post Covid-19 and We are Here for It
We might be saying goodbye to years on years of trying to earn a college or university degree soon depending on where you are in the world. Google announced recently that it is launching a selection of professional courses called Google Career Certificates that teach candidates how to perform in-demand jobs, a program designed to be completed in six months and costs way less than the cost of a college education.
Facebook Vies For Spotlight with e-commerce and e-payments Efforts and They Will Get It!
Facebook launches a new group, Facebook financial that is intended to pursue payments and e-commerce opportunities, Bloomberg reported. The new group will be in charge of all the company’s payments projects including Facebook Pay that lets you send money to friends/family or purchase goods across Facebook’s software platforms. Facebook’s goal is to get users to spend more time inside its apps in turn making advertising on Instagram, Messenger, and WhatsApp more desirable.
Digital Skill Acquisition in Nigeria as Inspired by Microsoft’s Global Skills Initiative
Microsoft also backs these efforts with $20 million in cash grants to help nonprofit organizations worldwide assist the people who need it most. $5 million of which will be provided in cash grants to community-based nonprofit organizations that are led by and serve communities of color in the United States.
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