Nigerians Have Been Slow To Adopt Mobile Payments

From AFK Insider –

“Nigerians have been slow to adopt mobile payments and the government should work with service providers to launch a massive awareness campaign, a stakeholder said, according to a report in TheGuardianNigeria.

Mobile payments help foster financial inclusion, facilitate economic activities and deliver on jobs and economic growth, said Onajite Regha, CEO of the Electronic Payment Providers Association of Nigeria.”

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Company Enables African Diaspora Remit in Bitcoin

From Cryptocoin News

“Bitcoin startup Beam, headquartered in Ghana’s capital Accra has created a product that will enable the Nigerian, and Ghanaian diaspora communities in the UK remit money home instantly and affordably. Each year the close to 100,000 Ghanaians in the UK send about US$ 23 million homeward. Nigerians in the UK who number close to half a million send US$ 3.8 billion home.

According to a report commissioned by Citizens International and published by the United States Agency for International Development, the main reasons for sending money home is to take care of basic needs such as food, shelter and clothing for a parent.”

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Mobile Money - Going Beyond the M-Pesa Model

From Technology Banker

“M-Pesa clones in various forms have been tried right across Africa. Nigeria with 160 million people and 60% GSM penetration has long been regarded as the ultimate market for M-Pesa like services. With 20 registered mobile money operators, this was to be the market to be. Or it should be.

Two years down the line, there is no M-Pesa success replica in Nigeria and a few are beginning to question whether there will be."

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What we are reading … 22nd March 2013

The Evolving Insider Threat - BankInfoSecurity http://dld.bz/crsgn

Why Levin's Whale Hearing May Hurt More Banks than JPM http://dld.bz/crscA

Central Bank of Nigeria tightens noose against internet fraud http://shar.es/ehMHh

Barclays Pays Managers $61M in Bonuses After Libor http://dld.bz/crHsz

Richard Fisher Says Too-Big-To-Fail Banks Need To Be Broken Up http://huff.to/15awveD

Q&A:Cyprus bailout http://bbc.in/15bbLTU

Cheat Sheet: The Stress Tests You Didn't Hear About http://dld.bz/cqXqr

The backup and disaster recovery challenges facing small and mid-sized businesses http://dld.bz/crrKD

Mobile Deposit Combines the Old and New in Bank Technology http://twb.io/16v6GJKIndian technology: The screen revolution http://econ.st/12Sn9sl