Page 6 - Agent Banking News Today

/PRNewswire/ -- PureSoftware, a leading software company focused on fintech, 5G and digital transformation, announced the opening of its first office in Kenya....

James Emejo in Abuja The Managing Director/Chief Executive, SD&D Capital Management Limited, Mr. Idakolo Gbolade, has urged the Central Bank of Nigeria (CBN) to register more cooperative societies with specific mandate to cater for the needs of the unbanked population in the country. Speaking in an exclusive interview with THISDAY, he said though measures that had been so far deployed by the apex bank to deepen financial inclusion are novel ideas, cooperative societies are required to ensure th...

DTB left with stains of illegality in the Court of Appeal judgment May 12, 2021 Written by Fred Muwema There was a mood of high expectation when we assembled at the Court of Appeal (COA) to receive its judgment in the appeal...

Agent banking thrives despite corona Anisul Islam Noor 16th February, 2021 10:44:50 Agent banking system has gained popularity in rural areas and bringing the unbanked populations under the mainstream banking umbrella. The fourth quarter (October-December) report of Bangladesh Bank (BB) said the rising trend of agent banking amidst the Covid-19 pandemic signifies the huge opportunity to bring the rural unbanked people under the umbrella of formal banking services. The BB report said agent banki...

FBN Holdings Plc has generated more income from fees and commission than any other lender in Nigeria, shrugging off the coronavirus pandemic that slowed trading and commercial activities. For the first nine months through September 2020, First Bank realized N72.98 billion in fees and commission income, and that compares with Access Bank, (N71.84 billion); Zenith Bank, (N59.12 billion); United Bank for Africa (N56.24 billion), Stanbic IBTC Holdings, (N52.95 billion), and Guaranty Trust Bank (N32...

CALOOCAN CITY, Jan. 22 (PIA) -- In partnership with the Philippine Statistics Authority (PSA), state-run Land Bank of the Philippines (LandBank) continues to support the National Government’s agenda of financial inclusion by providing registrants of the Philippine Identification System (PhilSys) with their own transaction accounts. LandBank will be co-locating with the PSA in registration centers for the second step of the PhilSys registration, to allow registrants to open new transaction ac...

Daily Monitor Friday January 15 2021 Close to Shs66.6b, which is transacted through Fintechs on a daily basis, is now locked up due to a shutdown of the Internet. PHOTO | FILE Summary Advertisement Financial Technology companies also known as Fintechs have said they expect to lose at least Shs66.6b on a daily basis after government shut down the Internet on Wednesday.  The loss is expected to affect a wide range of Fintech operations, many of which support financial transactions, spreading to ...

More than 300 million transactions, which are estimated to be worth Shs666b, are conducted through the Fintechs system on a daily basis

It was reported that people have alleged this was due to banks conspiracy with CBN. The director also described as “preposterous” insinuations that the apex bank conspired with commercial banks to ensure there was no money in the machines. “It is highly preposterous for anyone to say that CBN connived with banks to deprive people of their money this season. “The primary purpose, for which ATMs were introduced, is to ease the sufferings of Nigerians and to make banking easier and conveni...

ATM The Central Bank of Nigeria (CBN) says it will investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State. The CBN‘s Acting Director, Corporate Communications, Mr Osita Nwanisobi told the News Agency of Nigeria (NAN), on Wednesday, that ATMs were introduced so as to ease the sufferings of the people. Nwanisobi spoke on the heels of customers complaining that the proliferation of Agent Banking is responsible for ATMs not having money to...