Author: ITPulse

Interswitch Group, yesterday at an immersion session and interactive parley with some selected Journalists highlighted how it has been able to maintain a leading role in the ever-evolving Fintech ecosystem. According to the company, touted as a leading payments company in Nigeria and indeed Africa, it has continued to innovate by bringing out cutting-edge solutions and services that are driving the sector despite the proliferation of Fintechs in the last few years. Specifically, it noted that its various platforms such as Verve, Quickteller, Quickteller Paypoint, Interswitch Payment Gateway and API Marketplace among others, play across ecosystems, including, but not limited…

9 Payment Service Bank (9PSB) has said it will support the payment needs of farmers, through accessible, easy and inclusive payment solutions in order to sustain growing Nigeria’s agriculture value chain in Nigeria. The Chief Executive Officer of 9PSB, Branka Mracajac, who disclosed this while speaking at the Vanguard Economic Forum Series, held in Lagos yesterday, noted that the solution to solving the challenges of Nigeria’s agriculture value chain is to increase funding and leverage digital payment. According to Mracajac, while there are ongoing efforts to solidify the country’s financial inclusion mandate, it is important to speed up actions on…

Sophos, a global leader in next-generation cybersecurity, has released new insight into an international cryptocurrency trading scam called CryptoRom that targets iPhone and Android users through popular dating apps, such as Bumble and Tinder. The new research, “CryptoRom Swindlers Continue to Target Vulnerable iPhone/Android Users,” is based on first-hand stories and content shared with Sophos by victims of the scam who got in touch after seeing Sophos’ previous reports on CryptoRom. In the new research, Sophos reports that when victims tried to withdraw their investments from one of the fake trading schemes, their accounts were frozen and were charged up…

Today, everyone is talking about digital loan apps. They have been branded as villains and evil entities. This is not the complete story. Digital loan apps provide a useful financial function. They provide loans. This is an important financial inclusion service. When people talk of financial inclusion, it is usually only in the context of opening a bank account. But it should be more. Access to funds, loans, is a huge step in driving financial inclusion. Indeed, access to funds is an indispensable ingredient for socio-economic growth and prosperity. Why is financial inclusion important? It is an essential enabler of…

The Nigerian Communications Commission (NCC) has deployed a Computer Aided Dispatch (CAD) solution to six response agencies in Nigeria, as part of its mandate to ensure promptness, effectiveness and efficiency in the handling of emergency call services through the Emergency Communication Centres. The six agencies are Nigerian Police Force (NPF), Federal Road Safety Corps (FRSC), Nigeria Security and Civil Defence Corps (NSCDC), States Emergency Management Agency (SEMA), as well as in Ambulance and Fire Service operations in seven states. The seven states that have benefitted from the deployment of the CAD equipment to transform and upgrade their ECCs into an…

OnePipe has partnered with Fidelity Bank to launch PayGatePlus, an enhanced version of PayGate, which is Fidelity Bank’s flagship gateway that enables businesses and merchants to collect online payments. According to OnePipe, the essense of the partnership is to to help businesses and partners achieve maximum operational excellence, deeper customer intimacy and ultimately revenue growth. “We are excited to be partnering once again with Fidelity to upgrade the payment gateway,” said Ope Adeoye, CEO and Founder of OnePipe. He explained that PayGatePlus essentially provides merchants with the rails to deliver diverse financial services to their customers across a range of…

By Ruth Ehiorobo Introduction I’m writing this because when I first had the idea of building a fintech startup “Toju” , I felt completely lost. There was excitement, yes, but also a lot of confusion and very little direction. The regulatory landscape felt like a maze; every person I asked seemed to give a slightly different answer, and there was no clear, reliable place to find the information I needed. I didn’t know what licence applied to my idea, how much capital would be required, or even which documents to prepare. It often felt like I was piecing together a…

Huawei, a global Original Equipment Manufacturer has posited that managing the present and future data is key to organizational growth, even as the fast speed in implementing digital transformation initiatives by government agencies and businesses is rapidly transforming data management into the core means of production. While analysing the predictions of global market research firm IDC titled ‘Data Age 2025’ and the technology infrastructure needed by organisations, Huawei Nigeria’s Director of IT Solutions, Mr. Ding noted that as the world hustles towards an increasingly digital future, the volume of data created, processed and stored has never been higher. He quoted…

The fourth edition of the National Science competition, tagged SPAK 4. 0 and organized by Interswitch has commenced, the company has announced. With the announcement, Secondary schools are hereby implored to visit the InterswitchSPAK portal to register between six (6) to twenty (20) of their best science students in Year 11 or Senior Secondary 2 (SS2) for the competition. As part of the registration process, co-educational schools are required to register at least two female students as part of the selected students. The registered students will participate in the online qualifying examinations from the comfort of their schools, homes or…

Africa has recently made significant progress toward realizing its ambition of being a launching pad for most startup businesses. Although, Africa’s track record of maintaining and ramping up startups is a different tale. Only a few African startups with global impact exist on the continent, the most stemming from the tech industry. In comparison, the Western and Eastern parts of the world have countless businesses with a global reach which the African continent is a major customer. Taking an example from the tech space, China boasts of more than 100 pillar startups, the United States can boast twice the count…