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.
Apple, Now Worth $1.8 Trillion- What drives this Incredible Result?
Apple is officially the world’s most valuable publicly listed company as at end of trading day on Friday with a record market capitalization of $1.817 trillion. I guess it is safe to say the volatility of the stock market has only positively impacted the tech giant.
NetPlus Gives Every Nigerian Business a Kick Start to Digital Reselling with the Launch of Business Corner
NetPlus, a leading fintech in Nigeria focused on providing digital payment solutions to Nigerian SMEs has announced the launch of yet another offering, Business Corner which allows business owners make additional income through online commerce.
Wire Card’s missing 1.9 Billion Euros- the Accounting Scandal That Broke the Internet
For the last year, the Financial Times had been reporting that Wirecard, the German payment processing Fintech Company which was launched during the “dotcom” boom in 1999 helping websites and merchants collect credit card payments from their customers was faking some of its revenue. Wirecard fought back accusing the reporters for conspiring with short sellers to push down its stock price. About a month ago, Wirecard disclosed that some of its cash was missing and eventually admitted that there is a likelihood that the bank account with which the sum of 1.9 Billion Euros was in, does not exist.
Tech Companies Eventually Provide Financial Services- Google To Launch New Debit Card
Once considered an industry joke, this statement is slowly becoming a reality. Recent reports highlighted that Google in partnership with CITI and Stanford Federal Credit Union is testing its own Google-branded smart debit card (a Visa card which will expand to other payment processors like MasterCard) that will help customers make and track purchases made online and in stores.
Traditional Banks Make A Play for Nigerian Fintechs – Gtb The Pioneers
Segun Agbaje, the CEO of Guarantee Trust Bank (GTB), one of the leading banks in Nigeria announced recently that the institution is now aiming at developing fintech products and building out its payments and fintech arms.
Square Gets the Nod For A Banking License, What Can Nigerian Fintech Learn From Square’s Geographic Focus
The Wall Street Journal is reporting that the Federal and state banking regulators in the US have approved an application from financial-tech company Square to start its own bank in Utah
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