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Tag: NIBSS

Business / Companies / economics

Significant Decline of Cash Payments in Nigeria by 2030 Due to Digital Transactions

March 19, 2025March 19, 2025 - by Marcus Chen - Leave a Comment

Nigeria is shifting towards digital payments, with a projected 32% decline in cash transactions by 2030, according to the Worldpay Global Payment Report 2024. Enhanced access via smartphones has transformed …

Significant Decline of Cash Payments in Nigeria by 2030 Due to Digital Transactions Read More
Business / Companies / economics

Navigating Nigeria’s Economic Reforms: Insights from RMB Economic Forum

March 17, 2025March 17, 2025 - by Liam Nguyen - Leave a Comment

RMB Nigeria hosted an Economic Forum focused on Nigeria’s reform landscape, gathering leaders to discuss macroeconomic trends and strategies for adaptation. CEO Bayo Ajayi emphasized the potential benefits of recent …

Navigating Nigeria’s Economic Reforms: Insights from RMB Economic Forum Read More
Companies

AfriGO and Moniepoint Partner to Advance Nigeria’s Cashless Economy

March 7, 2025March 7, 2025 - by Marcus Chen - Leave a Comment

AfriGO has partnered with Moniepoint Inc. to distribute 5 million contactless cards in Nigeria, enhancing financial inclusion and accelerating the transition to a cashless economy. This partnership will enable seamless …

AfriGO and Moniepoint Partner to Advance Nigeria’s Cashless Economy Read More
Business / Companies

Urgent Call for Liveness Detection in Nigeria’s Financial Sector

March 3, 2025March 3, 2025 - by Sofia Nawab - Leave a Comment

Nigeria’s financial institutions faced losses of 52.26 billion Naira (US$34.8 million) in 2024 due to fraud, primarily linked to the misuse of Bank Verification Numbers (BVNs). Instances of fraud involved …

Urgent Call for Liveness Detection in Nigeria’s Financial Sector Read More
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