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Kindly share this postCentral Bank of Nigeria (CBN) has warned banks against harbouring and backing unlicensed foreign firms. CBN said the directive titled “Guidelines for the Regulation of Representative Offices of foreign Banks in Nigeria” was to improve the country’s financial sector. Muhammad Musa, director, Financial Policy and Regulation Department, CBN, in the document, said […]
Vanguard News Interswitch links HF on International Money Transfer Service On By Juliet Umeh Digital payments and commerce company, Interswitch Group, has partnered another giant in the sector, HF Group to expand digital banking services to include International Money Transfer (IMT). The IMT service will enable people in the diaspora to remit funds seamlessly into any HF account and also provide a simplified channel for them to make their loan/mortgage payments. The partnership is coming on the heels of the company’s diversification efforts into full-service banking. Robert Kibaara, HF G...
Interswitch Group, an Africa-focused integrated digital payments and commerce company, has announced its partnership with Kenya’s Credit Bank to launch a multi-currency prepaid card. The card is a contactless touch and go card that can be used in restaurants, filling stations, stores, or to pay for services anywhere in the world. It can also be used on ATMs to withdraw funds. The card has a Chip and PIN enabled to ensure secure online transactions. The prepaid card is similar to a debit card but does not require an account attached to it. It is value-based, such that customers can only spen...
By Nosa Alekhuogie Interswitch Group, a digital payment company has collaborated with Kenya’s Credit Bank Plc to launch a multi-currency prepaid card for its African operations, which include Nigeria. The card is aimed at providing consumers with alternative banking card that allows for safe, secure and seamless electronic transactions. Country General Manager, Interswitch Kenya, Romana Rajput, stated at the launch that the partnership would be a boost to Interswitch’s issuing business; adding that it was a further proof of the company’s leadership position in the financial services ind...