Author: Akin Naphtal

Deutsche Bank and Fiserv have launched vert, a payment acceptance and banking services provider to small and medium-sized enterprises (SMEs). The new entity has been introduced to meet market demand for user-friendly, integrated solutions that enable them to accept payments and move and manage money, says the German bank.Vert promises clients faster payments, modern technology, acceptance of common payment types and an online dashboard providing transaction data and other business reports.Thorsten Woelfel, managing director sales & product at Vert, says: “By combining the strength of Deutsche Bank, Germany’s largest bank, with Fiserv, the world’s largest merchant acquirer, we can provide…

Open Invention Network (OIN), the organization formed to safeguard open source software (OSS) and now the largest patent non-aggression community in history, announced today that The Clearing House (TCH) has joined as a community member. As the nation’s most experienced payments company, operating U.S.-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image and real-time payments, TCH is reinforcing its commitment to OSS as an enabler of advanced financial services payment platforms. “Advancements in financial services and Fintech increasingly rely on open source technologies,” said Keith Bergelt, CEO of Open Invention Network.…

Glo as commonly known, which is Nigerian telco Globacom, has officially launched its new mobile payments and banking business MoneyMaster Payment Service Bank (PSB). G-kala was first established in 2019, but only commenced operations in May 2022 after it got licensed by the Central Bank of Nigeria (2020) in August 2020. With G-Kala, MoneyMaster will deliver its financial a platform and mobile app providing mobile wallet, bank account, mobile payments and other solutions for individuals and businesses. The subsidiary also allows for the digital transfer of electronic money between people and businesses, jointly carried out alongside with an agent network…

ICT giant, MTN Nigeria, is gifting customers airtime through engaging activities across its social media platforms, from October 5th-7th 2022, as part of its celebration of the annual Customer Service Week. MTN’s theme for the 2022 Customer Service Week is “No US without U” to appreciate the loyalty of customers and partners to the brand. MTN, through this year’s celebration, is showing its appreciation to customers for over 20 years of partnership and loyalty. Speaking on MTN’s commitment, Chief Customer Service Officer, Ugonwa Nwoye stated that “Our customers mean so much to us, they are the reason we are thriving…

Top premium smartphone brand has launched its latest device, Zero 20. The device is an addition to its Zero series. The launch dubbed “Capture Your Own Story From Zero” was held at Legend hotel, Airport road, Lagos and was attended by key tech and lifestyle experts and budding content creators like Tobi Ayeni (Miss Techy), Opeyemi , Alexx Ekubo, Aproko Doctor, Pretty Mike, Maria, Osas Ighodaro, Opeyemi Famakin, Neo, etc. With the growing trend of remote office meetings, the rise of TikTok videos, and the increase of live broadcasts, there has never been a greater need for an accessible product…

A subsidiary of Xpress Holdings Limited, Xpress Payments, has been granted a mobile money operator licence by the Central Bank of Nigeria. According to a statement, the licence allows XpressMTS to instantly commence operations as a mobile money operator in Nigeria, to extend to customers in the segment the unmatched services Xpress Payments has built its hard-won reputation on. Commenting on the mobile money operator licence, the Chief Executive Officer, XpressMTS Limited, Mr Abdulmuiz Ibraheem, said that the company was excited to receive the licence, having put all structures in place to deliver unrivalled services to customers in the segment.…

Financial technology solutions provider MonetaGo today announced that its co-founder and CEO Jesse Chenard will transition to the role of Executive Chairman, and that Neil Shonhard, currently President, will become Chief Executive Officer, effective immediately. Shonhard joined MonetaGo as Managing Director, Asia Pacific in June 2020 before becoming company president in August 2021. His prior experience includes 12 years at financial services firm TP ICAP, as well as senior roles at securities firms in Europe and Asia. As Executive Chairman, Chenard will remain closely involved with MonetaGo’s activities and act as advisor to the company’s management team. Since entering full…

HSBC has launched HSBC Trade Solutions (HTS) to customers in its two largest markets – the UK and Hong Kong. While making trade simpler, faster, and safer for customers through integrated digital journeys, HTS will power commerce that is rapidly evolving across different platforms and ecosystems. Developed in partnership with CGI, the new platform allows clients to originate and manage all their trade finance products online. HTS leverages an API-native, modular design and flexible tech-stack that will form the backbone of HSBC’s market-leading trade offering – supporting USD800bn of global trade per year. Against a landscape of ongoing transformation through…

BKN301 Group, a Banking-as-a-Service FinTech reality with a focus on high-growth markets of the MENA region (the Middle East and North Africa), through the group’s technology company, presents 301pay, the new payment gateway available in white-label mode, designed to facilitate the development of e-commerce and mobile payment. The new technology solution is flexible with respect to the needs of the adopting entity and the market context in which it operates. The FinTech’s B2B2C payment orchestrator represents a single gateway to a wide range of information and transactions for merchants and financial institutions and aims to fill the demand for innovative…

Afterpay, a leader in “Buy Now, Pay Later” payments, today introduced a new payment solution that give consumers even more choice, flexibility and time to pay, with transparent terms to support responsible spending – just in time for the busy holiday shopping season. Designed for purchases between $400 and $4,000, merchants can now offer Afterpay for more items in more categories without paying additional transaction fees or integration costs – while benefiting from new customer growth, increased sales, and higher average order values. Initially offered to existing customers making online purchases, the monthly payment solution will be available for in-person…