News about the NFC market in Nigeria — trials, pilots, tests and live services.
February 28th, 2017
Visa’s mVisa QR-based mobile payment service is now live in India, Kenya and Rwanda and will soon be available in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan and Vietnam, the company has announced at Mobile World Congress in Barcelona. Mastercard’s Masterpass QR service, meanwhile, is now available in seven countries in Africa and Asia — Kenya, Pakistan, Nigeria, Rwanda, Tanzania, Uganda and Ghana.
February 14th, 2017
More than 150,000 micro, small and medium enterprises (MSMEs) in Kenya will be able to accept in-store mobile payments using QR code technology in 2017, using Mastercard’s Masterpass QR platform. The service is set to…
January 31st, 2017
Nearly one fifth of global consumers (18%) have made an in-store mobile payment in the past six months, representing an increase of 10% from the same period in 2014, research released by trade body Mobile Ecosystem Forum (MEF) reveals. Chinese consumers lead the way, with 38% of them having paid with their phone at the point of sale — nearly double the global average.
November 10th, 2016
Smartphone maker Micromax is to offer the mVisa QR code-based mobile payments service through its Udio mobile app across India, in collaboration with Visa and payments solution provider TranServ. The service will be available to…
October 21st, 2016
Pan-African banking group Ecobank has signed a memorandum of understanding (MoU) with Mastercard to roll out Masterpass QR mobile payments across 33 African countries. In what the payment company says is the largest Masterpass deal…
September 12th, 2016
Ecobank customers in Nigeria will soon be able to make in-store payments by scanning a QR code using their mobile phone or entering a merchant identifier into their feature phone. The bank has worked with Mastercard to launch the Ecobank Masterpass QR service, an enhancement to the Masterpass digital payment platform. It will enable “millions of micro, small and medium enterprises in Nigeria to accept fast and secure digital payments from consumers for the first time,” Mastercard says. Ecobank plans to introduce Ecobank Masterpass QR to 34 other markets.
August 18th, 2016
Visa is in “advanced discussions with leading Nigerian banks” — including Diamond Bank — to roll out its mVisa QR code-based mobile payments service in the country before the end of 2016. mVisa was unveiled in August 2015 through a pilot with Indian banks. ICICI Bank became the first to launch the service to consumers in October, followed by State Bank of India, which announced its support for mVisa in May 2016.
July 1st, 2014
“In some parts of the developed world, NFC can sometimes be a solution looking for a problem but we’ve got plenty of problems here in Africa and it is an ideal solution for quite a few of them,” says mobile money expert Susie Lonie.
March 21st, 2014
Nigerian mobile payments provider Teasy Mobile is to equip its mobile money agents with POS terminals that use biometric technology to verify a consumer and NFC to allow them to make a payment. VeriFone Mobile…
February 27th, 2014
Bangalore-based NFC payments provider iKaaz is taking its technology to Nigeria, in partnership with First City Monument Bank. The company, founded by former Nokia Money employees, offers an mPOS device, mobile wallet and NFC stickers that are tied to the customer’s bank account. SMS-based payments are also supported.