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Tech News

Uber Introduces Uber Cash In Nigeria

This payment method creates an app-specific account that can be preloaded with any amount, to be used on upcoming trips.

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Riders on Uber’s platform can now pay ahead for their trips using Uber Cash, as they access a stress-free way to travel. The Uber innovation is designed to promote cashless transactions across all Uber’s products.

Details of the new arrangement were contained in a press release by the ride-hailing company in its effort to spearhead a convenient way of making payment on such platforms.

Facilitated by Flutterwave, an online payment solution, Uber Cash is set up to ensure easy and reliable digital payment option that will help ensure less physical contact between rider and driver in this era of COVID-19 pandemic.

READ ALSO: CBN introduces new rules for e-payment channels users

“Uber Cash is another way to create a seamless experience for all our users. This new option introduces a method of payment that is easily controllable, convenient and reliable,” says Alon Lits, Director of Uber in Sub-Saharan Africa.

While existing payment options will still be available including cash (for rides only), debit card and gift cards, this new feature offers a seamless way to make and further control payment on Uber.

This payment method creates an app-specific account that can be preloaded with any amount, to be used on upcoming trips. The account can be topped-up via the user’s Ride account and used as and when needed on Uber.

“Top-ups are available and work similarly to that of an airtime increases. Riders are able to top-up their balance via a debit/ credit card (Verve), USSD, a bank transfer or Barter for payment of use. There is no need to use a physical card or cash,” the statement said.

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    Business

    Twitter to establish its first African presence in Ghana

    Twitter has announced Ghana as headquarter of its operations in Africa.

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    Square buys $50 million worth of Bitcoins, Twitter warns political figures to abstain from fake, misleading statements, Has Twitter's Jack Dorsey changed the popular narrative attached to Nigerians?, Twitter forecasts future drop in revenue after milestone record in 2019 Q4 , Twitter founder, Jack Dorsey invest N2.3 million in Nigerian startup, DevCareer , Some Verified accounts may not be able to tweet, as Twitter freezes password reset to address cyberattack, Jack Dorsey Sells First-ever Tweet for $2.9 million dollars as an NFT

    Jack Dorsey, CEO of Twitter Inc has announced today in a tweet that the company is establishing a presence in Africa.

    “Twitter is now present on the continent. Thank you, Ghana and Nana Akufo-Addo,” Dorsey tweeted.

    As part of its mission to serve the public conversation, Twitter is making it easier for everyone to join in and provide more relevant experiences for people across the world.

    Why Ghana as a choice…

    Twitter stated that it chose to expand to Ghana first because the country is an advocate of free speech, online freedom, and the Open Internet.

    In a blog post the company said, “In line with our growth strategy, we’re excited to announce that we are now actively building a team in Ghana. To truly serve the public conversation, we must be more immersed in the rich and vibrant communities that drive the conversations taking place every day across the African continent.”

    “Furthermore, Ghana’s recent appointment to host The Secretariat of the African Continental Free Trade Area aligns with our overarching goal to establish a presence in the region that will support our efforts to improve and tailor our service across Africa.

    “Whenever we enter new markets, we work hard to ensure that we are not just investing in the talent that we hire, but also investing in local communities and the social fabric that supports them. We have already laid foundations through partnerships with Amref Health Africa in Kenya, Afrochella in Ghana, Mentally Aware Nigeria Initiative (MANI) in Nigeria, and The HackLab Foundation in Ghana. As part of our long-term commitment to the region, we’ll continue to explore compelling ways we can use the positive power of Twitter to strengthen our communities through employee engagement, platform activation, and corporate giving,” Twitter stated.

    The company is also looking to hire specialists to join several teams to operate in product, design, engineering, marketing and communications.

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    Reacting to Dorsey’s announcement, Ghanaian President, Nana Akufo-Addo, in a tweet said that the government and people of Ghana welcome welcomed the micro-blogging site.

    “The choice of Ghana as HQ for Twitter’s Africa operations is excellent news. Government and Ghanaians welcome very much this announcement and the confidence reposed in our country,” President Akufo-Addo tweeted.

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    Billionaire Watch

    How young Elon Musk started and sold 3 businesses for $1.9bn before Tesla

    We look at the 3 successful businesses Elon Musk founded and sold for a collective $1.9bn before starting Tesla.

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    Elon Musk needs $20 billion wealth gain to clinch world's richest man title

    Success is never an accident. It is most times the result of many years of hard work and consistent effort. Elon Musk is popular today for his electric car company Tesla and his space project SPACE X. But long before these, he was already a multi-millionaire and had founded 3 successful companies which he sold for a collective $1.9bn.

    The purpose of this article is to paint a clear picture of what it takes to be among the top 1% of any field. It takes years of consistent hard work to get there. Elon Musk is the perfect example of an individual with a very strong work ethic. His story below will prove that to you.

    This article will briefly look at the 3 successful businesses Elon Musk founded and sold for a collective $1.9bn before starting Tesla. Let’s go!

    READ: Blue Origin Vs Space X: Bezos and Musk’s subtle battle for supremacy

    Blaster ($500)

    A 12-year-old Elon Musk facing bullying in high school and a not so friendly dad taught himself how to code. According to the Inc. Magazine, he mastered BASIC a general-purpose coding language making use of a commodore PC he acquired himself. He later that year, sold the code for his PC game Blastar to a PC magazine for approximately $500.

    This was his first business endeavour which he started and sold.

    READ: Tesla investor sues Elon Musk for causing problems with his tweets

    ZIP 2 ($340m)

    After the sale of Blastar for $500, Elon Musk and his brother Kimbal took a $28,000 seed money from their dad and started another internet venture, Zip 2. They rented an office and slept in it because they couldn’t afford a house.

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    Zip 2 was a web software startup that created online city guides for newspapers. The software was patronized by the New York Times and other notable media companies.
    Elon Musk and his brother Kimbal sold Zip 2 to PC giants Compaq for $340m. The year was 1999 and Elon Musk was 28 years old.

    READ: Reinvestment: The powerful strategy used by the 2 richest men in the world

    X.com/PayPal ($1.5bn)

    Elon Musk continued on his journey of starting companies and selling them. He took $10m out of his earnings from the Zip 2 deal and joined the internet boom.

    He founded x.com an online platform he envisioned to be the future of internet banking. In 2000 X.com merged with a Fintech startup, Confinity, founded by Peter Thiel, another would-be billionaire. Both companies combined to become what we know as PayPal today. Elon musk was named CEO of PayPal and had the highest number of shares in the company.
    In 2002 PayPal was acquired by eBay for a whopping $1.5bn.

    READ: Elon Musk gains $25 billion in a day, as Tesla surges by 20%

    Stanbic 728 x 90

    What you should know

    Elon Musk has often stressed the need to be consistent and have strong work ethics. In a graduation ceremony by the USC Marshall School Of Business, Elon Musk shared his opinion on work ethics according to CNBC.

    You need to work super-hard. Work hard every waking hour,” Musk said in 2014.

    “If you do the simple math, and say if somebody else is working 50 hours [a week] and you’re working 100, you’ll get twice [as much] done in the course of a year as the other company.”

    We hope this Monday article will inspire you to work harder and strive to get more work done in record time.

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