Author: ITPulse

Despite progress in recent years, formal financial services remain beyond the reach of many people in Africa. And, even when these services become available, the rate of usage is low because of a range of factors, including the costs and the security of transacting. It has been shown that mobile money and other non-traditional forms of financial services are key enablers for financial inclusion in Africa – they have disrupted traditional financial services by providing better ways to transfer funds than using cash. With mobile and other digital payment systems, customers in Sub-Saharan Africa are gaining access to business loans,…

Galaxy Backbone Limited, Nigeria’s owned Digital Infrastructure and shared services platform for public and private organizations has explained the role it is playing in the digital transformation journey of Nigeria being championed by the Minister of Communications & Digital Economy, Prof. Isa Pantami. The Managing Director/CEO of Galaxy Backbone, Prof. Muhammed Bello Abubakar, who highlighted the role being played by the company at the ICTEL Expo and Exhibition being organized by the Lagos Chamber of Commerce and Industry (LCCI), noted that Galaxy backbone is proud of the investment and the work it has done in ensuring that the backbone and…

As part of the activities to herald its 20th-anniversary commemoration, Interswitch has launched a new brand campaign to project its positioning as a pioneering and integral enabler that has not only actively supported the growth and development of fintech and payments across Africa over the last 20 years. Apart from leveraging the campaign to show its class, Interswitch also will use it to amplify the brand’s progressive outlook as a frontier-driving company that keeps pushing boundaries and facilitating the creation of new ecosystems that help businesses and individuals scale and thrive, in line with its purpose of inspiring Africa to…

Electronic Commerce platform, Jumia has sealed a partnership deal with Zipline, an instant delivery service platform to deploy automated, on-demand delivery for e-commerce in Africa with the pilot program and testing launched a few months ago in Ghana. Announcing this in a statement, Apoorva Kumar, EVP Jumia, Group COO noted that the collaboration will integrate Zipline’s automated, on-demand delivery system with Jumia’s existing distribution network to enable customers to receive instant, on-demand delivery of exactly the products they want, exactly when they want them and from the comfort of their homes. “Using the latest instant logistics technology will allow Jumia…

As part of his commitment and drive to enhance digital transformation in Nigeria, the Minister of Communications and Digital Economy, Prof. Isa Pantami recently inspected the Galaxy Backbone Limited Digital services Infrastructure &Tier IV Data Centre in Kano. Speaking at the centre in Kano, the Minister hailed the Managing Director of Galaxy Backbone Limited, Prof. Muhammad Bello Abubakar, saying his exceptional commitment and selfless service towards technology development is commendable. “On behalf of the federal government, I personally want to commend your ability to lead the entire team at Galaxy Backbone towards this great achievement,” he said. The inspection of…

9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank focused on financial inclusion has been named the Best New Payment Service Bank by UK-based international publication, Global Brands Magazine in its 2022 edition of the Global Brand Awards, an annual event, through which it recognizes and rewards companies and titans of the industry for their exceptional performances. According to the publication, the felicitation ceremony will hold at the Palm Jumeirah- Waldorf, Dubai, on the 1st of December 2022. 9PSB clinched the award following a thorough evaluation process based on the following parameters: customer service, satisfaction, digital innovation, strategic relationships,…

Going by the adoption of Information and Communications Technology tools in Nigeria, the Minister of Communications and Digital Economy, Prof. Isa Pantami has noted that the country’s march towards attaining 95 percent digital literacy in 2030, as contained in the National Digital Economy Policy and Strategy (NDEPS), 2020 – 2030, now looks more promising than ever. The Minister, who stated this during the weekend at a two-week Digital Job Creation Training for the North-East in Gombe, which was facilitated by the Nigerian Communications Commission, believes that digital skills are no longer considered a luxury, but necessities required in any business…

By Elvis Eromosele The value of a thing is intrinsic. It is hidden yet visible. It is the ‘why’ of a product or service. It is what it is purpose-fit for. It is said that value determines the acceptance or otherwise of a thing. Typically, when awards are conferred, they are usually based on value, whether real or perceived. While the producer or supplier of a product or service can provide information about its product or service but only the user can effectively testify of its actual value. The day the consumer’s evaluation of a product or service gains attention…

‘Nigeria’s Gross Domestic Product Report’ for the second quarter of 2022, which was released by the National Bureau of Statistics (NBS) two days ago shows the Information and Communications Technology (ICT) sector contributes 18.44percent to the country’s Gross Domestic Product. This is the highest contribution of the ICT sector to the economy so far, an indication that the sector has continued its trend of playing a key part in the growth of Nigeria’s economy. According to the figures released by NBS, the oil sector contributed 6.33% to the total real GDP in Q2 2022, which was lower that the contribution…

By Babatunde Adebajo In a world increasingly defined by its digital landscape, managing your finances through pen and paper may feel outdated and inefficient. The advent of financial technologies has changed the way we handle our money, introducing an array of tools and platforms that simplify, expedite, and fortify personal finance management. Gone are the days when you needed to huddle over an Excel spreadsheet, manually logging every transaction or expense. From simple budgeting apps to online banking, technology has the potential to act as a powerful tool and guide on your wealth-building journey. But while technology and tech-based financial…