Tag
MOBILE MONEY
News on Mobile Transactions in Nigeria
Airtel Money, the mobile money business operating across 13 African markets, reported revenue of $830 million for the six months ended September 30, 2026, representing a 25.1% increase year-on-year in constant currency in its first financial results since listing in London earlier this month.
Nigeria's vast Point-of-Sale (PoS) agency banking network is facing growing pressure as consumers increasingly abandon cash withdrawals in favour of direct mobile transfers, raising concerns about the long-term sustainability of thousands of PoS businesses across the country.
The World Bank’s Global Findex 2025 has revealed that more adults across developing economies, including Nigeria, saved money formally than ever before in 2024, driven by an increase in mobile money usage.
The latest data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that licensed mobile money operators...
OPay, Nigeria's leading mobile money platform is proud to announce a robust suite of security enhancements, ensuring user’s fund stays secured.
“Card or transfer?” is a question most Nigerians are now familiar with when making payments, however, that question would have been odd five years ago, when cash was the dominant means of payment.
Africa’s second-largest telecom operator, Airtel Africa, is reportedly considering an initial public offering (IPO) for its mobile money unit.
MTN Group and Mastercard have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of people and small businesses across Africa with digital tools to transact through secure mobile payments.
A total of 438.28 million transactions were recorded through mobile, higher than the 284.5 million transactions recorded in 2021
XpressMTS Limited, a subsidiary of Xpress Holdings Limited (parent company to Nigeria’s leading fintech company, Xpress Payment Solutions...
The NIBSS has revealed that bank customers in Nigeria transferred a total of N9.2 trillion over mobile devices between January and July this year.
Despite the challenges posed by the ins and outs of the COVID-19-imposed lockdowns in 2021, the world of...