Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX), and KOINON, the global Digital Coin and Token-based payment platform have announced a collaboration to interlink mobile money and digital assets. The two will foster the intersection of African B2C and B2B payments and dynamic asset conversion between fiat currencies, cryptocurrencies and a broader range of digital assets. This initiative comes at a key time in the mobile payments industry growth as evidenced by Mastercard’s recent $100million investment in Africa’s Airtel which focuses on mobile payments and financial inclusion. This latest partnership combines KOINON’s cryptocurrency digital payment coins (KOIN) and Stablecoins, plus their…
Author: DigitalTimesNG
Ericsson has announced plans to create an Automation Hub in Nigeria to support operators for improved consumer experience. Ericsson Automation Hub is an open innovation platform, inspired by lean startup methodology in which the Ericsson team works in close dialogue with customers, users and partners to showcase and reach the high potential that network automation allows in configuration, provisioning, assurance and orchestration of network services. The Hub will enable service providers to gain the ability in their environments to govern, manage and orchestrate hybrid networks holistically and in real-time and as a result, offer an enhanced consumer experience. DigitalTimesNG understands…
Forter, an e-commerce fraud prevention company, has announced a partnership with Flutterwave, one of Africa’s leading payments technology companies. The first of its kind in Africa, the partnership will enable merchants to accurately identify legitimate buyers from fraudsters, resulting in increased transaction approvals and reduced friction in the purchasing experience, all without the fear of fraud. Flutterwave is Africa’s largest payment service provider, servicing more than 290,000 businesses and processing over 140 million transactions worth over $9 billion worldwide since inception,. The partnership with Forter provides merchants with the confidence to accept more transactions and online shoppers with the flexibility…
Despite the global chip shortage woes, worldwide shipments of personal computers grew to 69.9 million units in the first quarter of 2021. That’s an increase of 32% – the fastest pace in two decades – compared to the first quarter of 2020, according to research firm Gartner Inc. As people bought personal computers, including both laptops and desktop computers, to help them work and study remotely during the COVID-19 crisis, the market rebounded from a weak 2020 Q1 to record the fastest year-over-year growth since Gartner began tracking the PC market in 2000. China’s Lenovo Group grabbed the lead with…
Founder, Zinox Group and Africa’s foremost digital disruptor, Leo Stan Ekeh, has disclosed that Edo State has the requisite attributes to become a model for digital economy in Nigeria. Ekeh who made this known on Monday, April 12, 2021, was speaking during a smart exploratory visit to Benin, the Edo State capital for likely expansion and investment purposes. The serial digital entrepreneur, who seized the opportunity to pay a courtesy call on the Edo State Governor, Godwin Obaseki, expressed his surprise at the massive rate of digital adoption in the state, even as he declared that Edo boasts ready whiz…
New product makes it easy for brands to interact with consumers on Chat Apps and removes technical complexities, delivering immediate consumer satisfaction and returns
Mastercard has teamed up with Swedish fintech Doconomy to develop a carbon calculator that banks can integrate into their apps to give customers a snapshot of the emissions generated by their purchases across spending categories, according to a Finextra report. Mastercard and Doconomy have been working on carbon footprint tracking based on purchases for the past couple of years but are now offering it to banks around the world, which can integrate the calculator into their apps through new APIs. The move comes as Covid-19 is inspiring people around the world to consider more sustainable behaviours. A Mastercard-commissioned survey of…
The Digital Cooperation Organization (DCO), based in Riyadh, has announced the joining of the Federal Republic of Nigeria and the Sultanate of Oman, as founding members, joining Bahrain, Jordan, Kuwait, Pakistan, and Saudi Arabia. Combined, the seven countries are an economic bloc of $1.2 trillion in GDP. The population base of the seven nations is close to 480 million, 80% of whom are under 35 years of age. DCO convened its first ministerial meeting, chaired by H.E. Minister of Communications and Information Technology, Abdullah bin Amer Al-Swaha and was attended by ministers of the DCO countries. The meeting also featured…
The commercialization of alternative transnational telecommunications infrastructures is now a reality in West Africa following a public-private partnership, between the Manantali Energy Management Company (SOGEM) and the Consortium Envol Technology/Sonatel. Following an international call for tenders, awarded on November 24, 2020, SOGEM and the Envol Technology/Sonatel consortium recently signed a partnership contract for the operation of the Fiber Optic Guard Cable (CGFO ) the SOGEM / OMVS electricity network, crossing Mali, Mauritania, Senegal and in the medium term, Guinea. This agreement will facilitate Internet access by users of OMVS member states, both in terms of tariffs and in terms of…
ScholarX Technologies Ltd., an EdTech start-up founded in 2016 and headquartered in Lagos, Nigeria, has announced a strategic partnership with leading telecommunications services provider, Airtel Nigeria, to launch LearnAM, a new mobile learning platform that provides skills training content to improve learning outcomes. ScholarX will also receive major support from the GSMA Innovation Fund for Mobile Internet Adoption and Digital Inclusion while leveraging on the expansive retail and digital footprints of Airtel Nigeria to deliver its skill acquisition content. The grant received from the GSMA Innovation Fund for Internet Adoption and Digital Inclusion according to ScholarX, will help fund key…