Tag: Payments
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Nigeria’s Cash Lifeline: ATM Withdrawals Surge 198% Amid Higher Fees in H1 2025
Introduction: Cash Still Reigns in Nigeria Nigerian households and businesses continued to rely on cash withdrawals even as the Central Bank of Nigeria (CBN) raised automated teller machine (ATM) charges. Data for the first half of 2025 shows the value of ATM transactions surged to 36.34 trillion naira, underscoring the country’s strong preference for cash…
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How One Suspect Allegedly Outsmarted Australia’s Banking Giants
Introduction: A High-Profile Case in the Australian Banking Scene In October 2021, whispers began to circulate about a man named Andrew W Hu, described in reporting as a sophisticated fraudster. The allegations center on exploiting weaknesses in major Australian banks, leveraging timing, data, and procedural gaps to carry out transactions that appeared legitimate to internal…
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M-Pesa Partners with UAE Foundation to Roll Out Blockchain
Overview: A Global Fintech Collaboration In a move set to redefine digital payments across Africa and beyond, M-Pesa Africa has partnered with the Abu Dhabi-based ADI Foundation to explore a blockchain-based upgrade of its platform. The collaboration aims to bring enhanced security, transparency, and efficiency to the mobile money service used by over 60 million…
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Apple Card to Move From Goldman Sachs to JPMorgan Chase: What It Means
Overview: A High-Stakes handoff in fintech The Wall Street Journal reports that JPMorgan Chase has reached a deal to take over the operation of the Apple Card from Goldman Sachs, with an official announcement expected after more than a year of negotiations. If confirmed, the shift would mark a notable change in the consumer finance…
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Canada Rolls Out Voluntary Grocery Code of Conduct with Buy-In from Five Major Grocers
What the new grocery code means for Canada’s food supply chain Canada’s voluntary grocery code of conduct is moving from pilot phase to full rollout, with five major grocers officially on board. The code is designed to promote fair dealings between grocers, suppliers, wholesalers, and primary producers, aiming to reduce disputes, improve predictability, and strengthen…
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Philippines Faces P4 Trillion Fraud Hit in 2025, TransUnion Reveals
Overview: A Record Fraud Toll on Philippine Businesses Philippine companies faced a staggering surge in fraud-related losses in 2025, with total revenues eroded by about P4 trillion, according to a global survey by TransUnion, a leading information and insight company. The findings highlight the growing sophistication of fraudsters and the evolving risk landscape that Philippine…
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COOs Behind Nigeria’s Fintech Boom: Meet the Operators of the Top 5 Platforms
Introduction: The quiet drivers of Nigeria’s fintech ascendancy As Nigeria’s fintech scene surges, the leadership that often goes unseen is the Chief Operating Officer. While founders and CEOs generate the vision, COOs translate that vision into scalable, reliable operations. In the country’s five most influential fintech platforms—Opay, Flutterwave, Paystack, Paga, and Kuda Bank—the COO role…
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Meet the COOs Driving Nigeria’s Top Fintech Platforms
Introduction: The backbone of Nigeria’s fintech surge While founders and CEOs often take the spotlight, the Chief Operating Officers (COOs) of Nigeria’s top fintech platforms are the engines that keep day-to-day operations smooth, scalable, and compliant. As Nigerian fintechs attract record funding and expand rapidly, COOs are translating strategy into reliable product delivery, robust processes,…
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Uber’s Send a Ride: A Simple Way to Pay Someone Else’s Fare This Holiday Season
Introducing a Practical Holiday Gift: Send a Ride As holiday travel ramps up, Uber is rolling out a thoughtful feature designed to make gift-giving and shared experiences simpler: Send a Ride. This new option lets you pay for another person’s Uber ride, whether it’s a friend catching a late flight, a family member heading home…
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Send a Ride: Uber’s Giftable Fare Boosts Holiday Travel
Uber’s New Giftable Fare Is Changing Holiday Travel As travelers hit the roads, airports, and rails this holiday season, Uber is rolling out a set of features designed to make gifting and shared rides simpler. The standout addition is “Send a Ride,” a way to purchase and deliver a rideshare fare to someone else. The…