Payment Solutions

A lot of people, brands, companies find gifting a task! First, they are clueless about what to gift, then if they decide on something, they don’t know if it will be liked or not. In the end, the gift usually ends up being an amount of cash! However, a more refined, safe & convenient gift […]

According to a report by the World Bank, around 1.7 billion adults in the world remain unbanked as they don’t have a bank account. Back in 2014, this number was 2 billion. To fight this grim reality the governments of many countries have started to aggressively focus on financial inclusion. Agency banking is a type of branchless […]

The Payalat Bank Transfer is a new and easy way to fund your Wallet from any bank account. It’s fast and reliable, ensuring you don’t have to worry about putting money in your wallet to perform transactions. There are two ways to fund your Payalat Wallet, through: Card  Bank Transfer But in today’s article, I […]

Finally, the waiting is over. Payalat Mobile App is now ready for download. Do you know that awkward moment when your ATM Card suddenly becomes useless? Yes, you are caught out without a kobo and have checked all the ATMs in the area but they are all out of cash; and you really really really […]

The most valuable and widely used crypto-asset, Bitcoin, is now the most preferred asset to own among institutional investors. Gemini crypto exchange co-founder, Cameron Winklevoss, on his Twitter feed, wrote about the sudden rush by institutions trying to have a piece of BTC. Publicly traded company based in America, MicroStrategy, recently adopted Bitcoin as a […]

Access Bank Zambia, a subsidiary of Nigeria’s Access Bank Plc, has reached a ‘definitive agreement’ with Cavmont Capital Holdings Zambia Plc (CCHZ) to acquire Cavmont Bank Ltd. The tier-1 bank announced this latest development regarding the merger talk which has been ongoing for a while, in a statement that was signed by its Company Secretary […]

Africa’s largest retail chain, Shoprite, announced on Monday that it is considering divesting from its Nigerian retail entity, Retail Supermarkets Nigeria, the owners of Shoprite Supermarket Nigeria. Shoprite Nigeria operates about 26 outlets across the country and employs about 2000 employees who are 99% Nigerians. A divestment means it will sell its holdings to another […]

Yesterday, the Nigerian Bureau of Statistics (NBS) published data on Value Added Tax Collection (VAT) collection for the first half of 2020. According to the data, VAT collection increased by a modest 8.5% y/y to N651.8bn in H1 2020 from N601.0bn in H1 2019. Surprisingly, VAT collection for Q2 2020 climbed higher by 0.8% q/q […]

The Central Bank of Nigeria (CBN) has recently launched a total of eleven intervention schemes aimed at increasing access to finance by non-interest financial institutions. A circular that was signed by the apex bank’s Director in charge of the Financial Policy and Regulation Department, Kevin Amugo, said the overall objective of these interventions is to […]

The Personal Assistant to murdered Gokada CEO, Fahim Saleh, has been arrested in connection with the crime, the New York Times reported on Friday. Hence, Saleh, 33, was found unresponsive in his Manhattan home on Tuesday afternoon with his body dismembered, New York Police said. Now police investigations have revealed Tyrese Devon Haspil, 21, carried […]