Author: ITPulse

Interswitch, an African integrated payments and digital commerce company, is set to launch the highly anticipated sixth edition of its InterswitchSPAK National Science Competition. This flagship Corporate Social Responsibility (CSR) initiative aims to celebrate and nurture Nigeria’s brightest young scientific minds. The competition, which will premiere on Sunday, October 20, 2024, features 81 top-performing students selected from over 16,000 registered participants across Nigeria. Each episode will showcase the students’ brilliance as they compete for a range of prestigious prizes, including a grand prize of N15 million spread over five years. InterswitchSPAK reinforces the company’s commitment to advancing educational excellence and…

PalmPay, an African-focused fintech company, has highlighted the crucial role of investor confidence in driving sustainable growth within the continent’s fintech ecosystem. Speaking at the 2024 Nigeria Fintech Week, Managing Director Chika Nwosu stressed the need for founders to work closely with investors to mitigate challenges posed by currency devaluation and rising interest rates. Nwosu acknowledged the impact of economic volatility on investor sentiment, particularly in light of the declining value of sub-Saharan African currencies against the US dollar. He emphasized that founders can address these challenges by diversifying their revenue streams and expanding into multiple markets. “By entering diverse…

The stage is set for the highly anticipated Future of Payment and Commerce Conference 2024, convening thought leaders, innovators, and key players across finance and commerce. This exclusive event (October 24-25) at the Oriental Hotel, Lagos, offers a platform to explore the latest trends and technologies revolutionizing the way we transact. Unlocking the Future of Transactions The conference tackles critical issues in the financial ecosystem, focusing on how businesses can adapt and thrive. Experts from banking, fintech, cybersecurity, e-commerce, blockchain, and digital currencies will engage in discussions and workshops to shape the future of payments and commerce. Conference Highlights: In-depth…

By promoting awareness and providing training on encryption, grassroots organizers are empowering communities to take control of their digital security.   In observance of Global Encryption Day on October 21, 2024, Internet Society chapters across Africa are hosting events in Côte d’Ivoire, Nigeria, Rwanda, South Africa, Zimbabwe, Kenya, and Benin. These events aim to educate and train individuals about the significance of encryption in safeguarding data and privacy. End-to-end encryption is a security measure that transforms information into a code that only the sender and intended recipient can decipher. It protects the personal security of billions worldwide and is crucial…

The innovation landscape in Nigeria has continued to evolve, fueling a rapid digital transformation driven by innovation hubs. This rapid transformation comes with a need to build robust systems that will enable, support, accelerate, and sustain this growth and impact. In actualization of these goals, the Innovation Support Network is proud to announce its partnership with CloudPlexo for the 5th edition of the ISN Annual Gathering this year. This collaboration highlights both CloudPlexo’s commitment to supporting regional development and the ISN Annual Gathering’s mission to create a transformative platform for startups, entrepreneurs, industry professionals, investors and the likes. The ISN…

The innovation landscape in Nigeria has continued to evolve, fueling a rapid digital transformation driven by innovation hubs. This rapid transformation comes with a need to build robust systems that will enable, support, accelerate, and sustain this growth and impact. In actualization of these goals, the Innovation Support Network is proud to announce its partnership with Wema Bank Plc for the 5th edition of the ISN Annual Gathering this year. This collaboration highlights both Wema Bank’s commitment to supporting regional development and the ISN Annual Gathering’s mission to create a transformative platform for startups, entrepreneurs, industry professionals, investors and the…

The innovation landscape in Nigeria has continued to evolve, fueling a rapid digital transformation driven by innovation hubs. This rapid transformation comes with a need to build robust systems that will enable, support, accelerate, and sustain this growth and impact. In actualization of these goals, the Innovation Support Network is proud to announce its partnership with The National Information Technology Development Agency (NITDA) for the 5th edition of the ISN Annual Gathering this year. This collaboration highlights both NITDA’s commitment to supporting regional development and the ISN Annual Gathering’s mission to create a transformative platform for startups, entrepreneurs, industry professionals,…

The Nigerian School on Internet Governance (NSIG), championed by the Internet Society Nigeria Chapter has successfully concluded its 5th cohort, graduating a new wave of leaders poised to shape the future of the digital world. The President of the Internet Society, Nigeria Chapter, Engr. Kunle Olorundare in his opening address at the ceremony held last week at the Center for Information and Communication Engineering at the University of Port Harcourt, Rivers State, noted that the school, a prestigious institution dedicated to developing future leaders in Internet governance, has been instrumental in increasing Nigeria’s representation in international discussions and motivating participants…

Verve International, Africa’s leading domestic payment network, celebrates another significant milestone: surpassing 70 million issued cards in Nigeria. This achievement solidifies Verve’s position as the dominant player in the Nigerian market, with a staggering 40% growth in card issuance year-over-year. This, Vincent Ogbunude, CEO of Verve International, highlighted as the company’s dedication to providing secure and convenient payment solutions across Africa. While emphasizing the importance of partnerships and their role in driving financial inclusion on the continent, Verve is thrilled to celebrate this milestone, adding 20 million new cards in Nigeria, and expresses gratitude to its partners and loyal cardholders.…

At the 2024 Nigeria Fintech Week, Branka Mracajac, CEO of 9 Payment Service Bank (9PSB), emphasized the crucial role of innovation, investment, and collaboration in propelling Nigeria’s fintech sector forward. The three-day event, themed “Positioning Africa’s Fintech Ecosystem to Accelerate Inclusive Growth,” brought together industry leaders to discuss strategies for leveraging generative AI and shifting from revenue-driven to profitability-focused business models. In her keynote address, Mracajac highlighted the significant advancements Nigeria has made in fintech. The influx of startups and foreign investments is reshaping how financial services are delivered, with innovations like digital and mobile wallets addressing the needs of…