The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has said the transaction volume and value of mobile payments stood at 14,947,600 and N139.6 billion respectively as at December 31, 2013. The NDIC CEO, speaking at a Roundtable on Mobile Payment Services in Nigeria organised by […]

United Bank for Africa (UBA) Plc has launched a web based banking platform, U-Direct Corporate. It’s a cash management and transaction services platform designed to help small and large firms maximise their payments, collections and liquidity position. The bank explained that the product, operational in UBA Nigeria and across the […]

Sterling Bank Plc says it has partnered Bincom, an Information and Communication Technology firm, to introduce Social Lender scheme. Social Lender, according to the bank, is a modified peer-to-peer lending solution which uses social media platforms to offer micro-credit to members of the platforms. The scheme provides a platform for […]