President and Managing Director, Ericsson Nigeria, Rutger Reman, has advised stakeholders in the information communications (ICT) space in Nigeria to close ranks and ensure the success of mobile money in the country. He said the Central Bank of Nigeria (CBN), the Communications Technology Ministry, deposit money banks (DMBs), the Nigerian Communications Commission (NCC) and other […]
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VARIOUS electronic payment systems deployed by the Central Bank of Nigeria have helped curb incidences of fraud in banking transactions in 2015 as mobile money transaction volume grew to N4 billion during the year, the CBN said. The director of Banking and Payments System Department of the CBN, Dipo Fatokun, said the actual loss as […]
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NIGERIA Deposit Insurance Corporation has released deposit insurance guidelines on the mobile payment system, known as ‘Pass-Through Deposit Insurance scheme’. The NDIC said the move followed the introduction of mobile banking in Nigeria by the Central Bank of Nigeria, which issued operating licences to many Deposit Money Banks and telecommunications companies to provide mobile banking […]
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