Author: ITPulse

By Elvis Eromosele   The United Nations Sustainable Development Goals (SDGs) aim to transform our world. The 17 goals are a universal call to action to end poverty, protect the planet and improve the lives and prospects of everyone, everywhere. Achieving the SDGs may save the world.   One critical element to drive the fulfillment of the SDGs is financial inclusion. Financial inclusion has been identified as an enabler for, at least, 7 of the 17 SDGs. It provides the tools and resources for individuals and communities to break free from poverty, access education and healthcare, create sustainable livelihoods, and…

In a concerted effort to foster financial inclusion and bolster the digital payment landscape in Nigeria, fintech companies have been called upon to heighten their engagement in innovative endeavours and craft advanced solutions tailored to meet the expectations of their clientele. Akeem Lawal, the Managing Director of Payment Processing and Switching (Interswitch Purepay), articulated this perspective during the recently concluded Nigeria Fintech Week held at the prestigious Landmark Event Centre, Victoria Island, Lagos. In his keynote address titled “Fintech: Resilience, Innovation, and Diversification,” Lawal expounded on the imperative for fintech firms and other financial institutions to not only welcome disruption,…

Leading Fintech company in Nigeria, Moniepoint MFB, has restated its commitment to driving financial inclusion through innovative products that address payment challenges in the country. The Head of Partnerships at Moniepoint Inc., Efemena Ogie, stated this at a Fintech Forum organized by the Nigeria Information Technology Reporters Association (NITRA) in Lagos. According to Ogie, it was in line with this commitment that the company developed an innovation of PoS alert for mobile transfers. According to him, this is helping businesses using Moniepoint’s PoS machines to receive instant credit alerts when their customers make transfers to their accounts. He said this…

81 students between the ages of 14 and 17 from public and private secondary schools across Nigeria are billed to compete for the crown of the best Science, Technology, Engineering, and Mathematics (STEM) student in Nigeria for the fifth edition of the InterswitchSPAK National Science Competition.  Over 17,000 secondary-school-age students had put in their applications for participation. Following the national qualifying examinations, the top 81 participants will be thrilling the audience in the competition as they bid for their share of the grand sum of N12.5 million which will be shared among the top 3 contestants. The first prize winner…

9 Payment Service Bank (9PSB) has inked a strategic partnership with XCHANGEBOX to deliver agent banking solutions to rural, small and medium-sized enterprises via their flagship product, PAYREP. The partnership was sealed at 9PSB head office in Victoria Island, Lagos. Through this partnership, the PAYREP Agency Platform will be used to provide tailor-made services to its Agents, SMEs, merchants, and customers. Speaking after the signing of the partnership, the Chief Executive Officer of 9 Payment Service Bank, Branka Mracajac reiterated the bank’s commitment to financial inclusion, stressing that the partnership will further deepen payment solutions. “With the partnership, 9PSB and…

A Pan-African White Paper on Taxation published by Bento, a digital payroll and HR Management (HRM) platform with tax remittance capabilities has revealed how African Governments can find scalable means of tax collection to generate billions in additional income. Tittled Statutory Remittances in Africa. The White Paper delves into taxation systems in 53 African countries and underscores the advantages of governments adopting digital payroll systems to collect income tax and other obligatory deductions accurately. The White Paper thoroughly explores the intricacies of income tax, a pivotal revenue source for African economies, comprising approximately 33% of the total income generated. While specific…

In a bid to safeguard the data of citizens, the Nigeria Data Protection Commission (NDPC) team, led by the National Commissioner, Dr Vincent Olatunji, met with the Minister of Interior, Olubunmi Tunji-Ojo in a move to raise awareness about Data Protection in Nigeria. The meeting follows the increasing digitization of the world and its impact on various aspects of human life, particularly the sharing of personal data such as names, phone numbers, email addresses, NIN, and BVN; all of which are crucial in identifying individuals. “There are some personal data that are sensitive, which require additional safeguards, such as our…

Medallion Data Centre, Nigeria’s premier carrier neutral data centre operator will henceforth be known and addressed as Digital Realty. This follows the official rebranding of the company last week in Lagos, a move the hitherto Founder and Chief Executive Officer of Medallion Data centre, Engr. Ikechukwu Nnamani has been described as a new dawn for Nigeria’s telecommunication sector. Engr. Ikechukwu Nnamani, who continues in the same capacity at Digital Realty, gave this description in his opening remark at the event, which attracted stakeholders in Nigeria’s Telecom an IT industry to celebrate the new alliance and milestone in the industry. “The…

The National Chairman of the Nigeria Information Technology Reporters’ Association (NITRA), Mr. Chike Onwuegbuchi has posited that Financial Technology (Fintech) has become perhaps the most exciting sector in the ICT industry, and in Nigeria as a whole. The NITRA Chairman stated this in his welcome address at a Fintech Forum, organized by the Group in Lagos with the theme: “Harnessing Nigeria’s Fintech Potentials: Challenges And Opportunities”. According to him, the Fintech sector is seen as the engine of financial dealings, economic growth and transactional unification, and is touted to present and aid various other sectors from the grassroots to international…

As part of this year’s Ecobank Day, the Pan-African bank has embarked on a 3-year ‘Transforming Africa Through Education’ campaign, which it kicked off with a focus on digital education and equipping children and youth with the digital skills they need for the jobs of tomorrow. According to the bank, the campaign is consistent with its deep belief in the transformative power of digital technology for a more inclusive future in Africa The Ecobank Day is the bank’s flagship social impact event. “Ecobank Day reflects the giving spirit of all 14,000 Ecobankers across the Group. For 10 years, it has…