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Tuesday 19th January, 2021

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TD Plus Signs On Samsung, Offers 50% Discount On Screen Repairs

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TD Plus, a subsidiary of Sub-Saharan Africa’s leading technology, lifestyle and solutions distributor, TD Africa, has signed a partnership to provide quality support services to customers of Samsung, a global Original Equipment Manufacturer (OEM) in Nigeria and beyond.

TD Plus has been specifically certified as an Authorized Service Centre for Samsung Mobile and Consumer Electronics.

TD Plus has also partnered with Samsung to offer free screen repairs for mobile devices at fifty per cent discount.

The offer covers the first 50 Samsung mobile users, with interested persons expected to call 08129851224 and 08129851226 to take advantage.

A top-notch after-sales support company, TD Plus is expected to bring its years of premium support and unmatched swift service delivery to millions of Samsung electronics and mobile device consumers in Nigeria.

The partnership is expected to strengthen Samsung’s support offerings and reduce the average waiting time for customers.

Further, the partnership represents a watershed in Samsung’s ambition to secure a bigger share in the Nigerian electronics and mobile devices markets, which require an efficient, responsive and round-the-clock-support service to navigate.

Karthik Ramachandran, Head of TD Plus, urged consumers to take advantage of the partnership and experience the best of TD Plus and Samsung.

Ramachandran said: “The partnership between TD Plus and Samsung is a welcome development. The partnership is an extension of what TD Plus has been doing for major OEMs in the consumer electronics and mobile devices market.

“TD Plus is well known for swift issues resolution, zero downtime culture and long-standing tradition of rendering tough engineering and support services to clients. Therefore, Samsung Electronics and mobile device consumers should expect the best.

“This partnership holds a great opportunity for Samsung customers to resolve their issues, relating to their home appliances such as television sets, refrigerators, air conditioners, washing machines, irons, microwaves, wireless speakers, blenders, as well as mobile devices such as phones, tablets, among others in record time.

“Warranty and out-of-warranty bound products will greatly benefit from this collaboration. TD Plus remains the support service brand of the first choice in Nigeria,” he disclosed.

TD Plus is a leading Information Technology (IT) support company with proven competence in the deployment of solutions, maintenance and after-sales support borne out of years of unmatched service delivery to millions of IT infrastructure and mobile device users in Nigeria and the West African sub-region.

Founded over a decade ago, TD Plus boasts of world-class professionalism, technical competency, quick service delivery, a nation-wide reach, pool of experienced engineers and renowned customer service orientation, all of which have set it apart in the marketplace.

The company has existing service support partnerships with other renowned OEMs such as HP, Microsoft, Dell EMC, Toshiba, Acer, APC by Schneider, among others.

 

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BANKING

Stanbic IBTC Discontinues BDC Business

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Stanbic IBTC Holdings PLC, has announced that its Bureau De Change Subsidiary, Stanbic IBTC Bureau De Change Limited has discontinued its Bureau de Change business with effect from 01 January 2021 by relinquishing its operating license.

The discontinuation of operations of the BDC business was primarily driven by changes in regulations, which now affords customers with the opportunity of purchasing foreign exchange (PTA and BTA) directly from Stanbic IBTC Bank at any of its branches nationwide.

The company said in a statement that the intention is to repurpose this subsidiary for other business venture in the near future, and stakeholders would be duly notified when all engagements have been concluded in this regard.

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full-service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.

The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding.

Also, Standard Bank Group and ICBC share a strategic partnership that facilitates trade deals between Africa, China and select emerging markets.

Standard Bank Group is the largest African financial institution by assets. It is rooted in Africa with strategic representation in 21 countries on the African continent.

The Bank has been in operation for over 158 years and is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure.

 

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Lagos-Based Daystar Power Startup Secures $38million Investment

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Photo credit: Ventureburn

Daystar Power, a Lagos-based Nigerian tech startup, providing solar power solutions to businesses in the region, has secured $38million in a Series B Investment. 

The investment was led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution (DFI) with additional investors including STOA, a French impact infrastructure fund, Proparco, and several other investors.

The solar power-focused startup will reportedly use the funding to grow its operations in Nigeria and Ghana, with an aim to expand to other countries such as Senegal, Togo, and Côte d’Ivoire, according to a report in ventureburn.com

The report said the funding will assist Daystar Power to increase its installed capacity to over 100 megawatts, catering to clients in various sectors such as financial services, agriculture, manufacturing, and more.

Thomas Hougaard, Vice President Sub-Saharan Africa, IFU provides insight into why an investment was made into Daystar Power in an official press release.

“We believe that Daystar Power has the right elements — the client base, technology, engineering expertise, and executive leadership — to scale off-grid solar across West Africa.

“Not only is Daystar Power at the forefront of a growing market, but it is also helping to accelerate the adoption of renewable energy in some of Africa’s fastest-growing cities.”

Founded in 2017 by Sunray Ventures, Daystar Power provides affordable, renewable, and stable power to businesses in West Africa.

Christian Wessels, Co-Founder of Daystar Power and Sunray Ventures explains the aims of the solar power-focused tech startup.

“Sunray Ventures founded Daystar Power to address one of West Africa’s most significant barriers to economic development — access to reliable and affordable power.

“We are happy that this transaction will provide Daystar Power with the required financing to continue to lead in off-grid solar for commercial and industrial customers in West Africa.”

The innovative service allows commercial customers to pay in cash or pay a monthly fee for its services.

Jasper Graf von Hardenberg, CEO, and Co-founder of Daystar Power points out that businesses in the Sub-Saharan region are tapping into solar power sources to maintain stability and operations.

“By offering our commercial and industrial clients cheaper, reliable, and cleaner power, we have seen a more than 50-fold increase in power-as-a-service revenue over the last two years.

“African businesses are realizing that solar power stand-alone or in tandem with a second power source, is a superior energy alternative to the often-unreliable grid or too expensive, polluting diesel generators.”

By providing a renewable energy resource and transforming it into electricity, Daystar Power is able to reduce pollution and positively contribute to the natural environment.

Traditional methods of accessing electricity include the burning of diesel, which emits harmful gases into the atmosphere and contributes to global warming.

 

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Business

PayPal Takes Full Ownership Of Chinese Payments Business

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A PayPal building.......Photo credit: Bitcoin News

PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China.

According to Chinese government data, this comes as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments.

Reuters reports that PayPal acquired the 30% stake it doesn’t already own in China’s GoPay, formally known as Guofubao Information Technology Co., on Dec. 31, 2020, according to shareholder data from the National Enterprise Credit Information Publicity System.

Financial details weren’t disclosed in the data, according to Reuters.

The stake purchase came a year after PayPal bought a 70% stake in GoPay for an undisclosed amount, then becoming the first foreign company licensed to provide online payment services in China.

In taking full control of one of the smaller players in the world’s largest payment market, PayPal will compete with domestic payments giants Alipay, owned by Alibaba-affiliated Ant Group, and WeChat Pay, owned by Tencent Holdings Ltd, as China fully opens up its financial sector.

The stake purchase also comes amid Beijing’s antimonopoly campaign against Alibaba Group Holding Ltd and other Internet companies.

Last August, PayPal appointed Hannah Qiu as head of China business, responsible for formulating long-term strategy in the world’s second-biggest economy.

Qiu was a former executive at insurer Ping An Group’s fintech unit OneConnect, according to PayPal’s website.

PayPal said in its 2019 annual report its initial focus in China is to provide cross-border payment solutions to Chinese merchants and consumers, linking the country’s commerce ecosystem to PayPal’s global network.

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