Author: ITPulse

In Nigeria, financial inclusion has emerged as a cornerstone for sustainability and economic prosperity. The country’s ambition is to extend access to formal financial services across a wider spectrum of the population, thus bridging the financial inclusion gap that has long excluded many. Various stakeholders, from banks and microfinance institutions to regulatory bodies and telcos, are actively involved in initiatives aimed at driving financial inclusion throughout the country, with the ultimate goal of fostering economic growth. As part of this overarching movement, fintechs and commercial banks in Nigeria have been pioneering innovative solutions to enhance financial inclusion. The issuance of…

By Martin Ekpeke Africa’s B2B e-commerce landscape is set to thrive based on the prediction that by 2030, more than 75 percent of the workforce in Africa will be made up of millennials, who are digital-minded and grew up with e-commerce as their go-to channel for purchases. Thus, players in the e-commerce ecosystem have been advised to anticipate and begin to make investments in that regard. Giving this advice at the official launch of Zandaux, a B2B e-commerce platform in Lagos earlier this week, Mr. Gabriel Idahosa, President / Chairman of Council of LCCI of the Lagos Chamber of Commerce…

As technology gets more advanced, fraudsters are also getting better at deceiving and stealing from us Watch out! In 2024, scammers have some new tricks up their sleeve, such as deepfake impersonation. That is why fostering a zero-trust mindset can help to keep yourself safe from these scams. Deepfake impersonation scams Imagine receiving a voice note from your CEO instructing you to transfer money to a bank account. You follow the instructions without realising that the voice note is a deepfake. And just like that, you have fallen for a scam. Deepfakes make use of AI technologies to create new…

Financial industry experts are warming up for the first edition of Payments Forum Nigeria (PAFON), scheduled for the first quarter of this year. The Payments Forum Nigeria is a cross-industry platform focused on addressing issues that require broad cooperation and coordination across many constituents in the payments industry. Payments Forum Nigeria which will take place at Oriental Hotel, Lekki Road, Lagos on Thursday, March 21, 2024, by 9 am, aims to provide an inside look at the industry, offering perspectives from key stakeholders, including payment networks, technology innovators, leading merchants, issuers, acquirers and payment processors. Throughout the years, the finance…

The launch of Zandaux’s cutting-edge B2B E-commerce platform designed to empower businesses across Africa will help to reduce the cost of living in Nigeria by 40 percent, the founder and CEO of Zandaux, Franck Obambi told Journalists in Lagos. At the official launch of the platform in Lagos-Nigeria, following a successful debut in Kenya just two weeks ago, Franck Obambi noted that Zandaux is set to reduce the cost of living by redefining African business connectivity and improve the inaccessibility to the African market which has contributed to poverty circumstances. “Zandaux is more than a platform; it’s our formula to…

The Sub-Saharan Africa (SSA) region now boasts 763 million registered accounts, nearly half of the 1.6 billion users globally with transaction values jumping 22% in the reported period to reach $832 billion The recent GSMA 2023 State of the Industry Report on Mobile Money highlights how mobile money has become a mainstream financial tool in many African countries. Since 2022, more than 184 million people across the continent have embraced mobile money. The Sub-Saharan Africa (SSA) region now boasts 763 million registered accounts, nearly half of the 1.6 billion users globally with transaction values jumping 22% in the reported period…

AI will not take all jobs nor end civilization. But it will help businesses make better decisions. Artificial intelligence (AI) is everywhere. And stories are rampant about its promise and its threat. Will AI’s potential be realised in the year ahead? SAS, the leader in AI and analytics, asked executives and experts across the company to predict trends and key business and technology developments in AI for 2024. Below are some of the predictions they shared. Generative AI will augment (not replace) a comprehensive AI strategy “Generative AI technology does a lot of things, but it can’t do everything. In 2024, organisations…

The combined revenues from crypto, NFT, and Defi are expected to hit $80 billion representing 33percent increase before the end of 2024, data presented by AltIndex.com has shown. This is after digital assets experienced a 37% plunge in 2022 and hit $60.1 billion in revenue. “The rebuilt confidence in digital assets is expected to continue driving growth in 2024, with the market reaching more users and generating more revenue than ever,” the data noted. It added that digital asset ownership continues rising, with more people than ever investing their money in cryptocurrencies, digital tokens, NFTs, and any other type of…

In its effort to drive digital transformation and broadband access across Nigeria, Galaxy Backbone Limited (GBB) has decided to showcase its tier IV data centre and nationwide fiber network at the 11th Annual National Council on Communications, Innovation & Digital Economy (NCCIDE). The federal government-owned infrastructure company displayed the benefits of its Infrastructure for all the 36 states of the Federation and its crucial role in driving Nigeria’s Digital Future. Another major highlight of the NCCIDE Conference was GBB’s showcase of its high-speed Fibre Optic Cables which provided Internet Connectivity for the entire 5-day Conference in Kano. GBB’s Fibre connectivity…

Anambra State’s ascent to technological excellence reached new heights as it clinched the First Runner-up position in E-Government Implementation at the recent 11th National Council on Communication, Innovation, and Digital Economy (NCCIDE) meeting held in Kano. The award not only spotlights Anambra’s dedication to tech-driven governance but also highlights a series of groundbreaking achievements in the realm of E-Government Implementation. Key Achievements: Digitized ANSEC Processes: A complete digitization of Anambra State Executive Council (ANSEC) processes eliminates the need for costly printing, making the process more efficient, cost-effective, and sustainable. E-Government Infrastructure: The baseline study of E-government Infrastructure sets the stage…