Category Archives: Payment

Where are the killer apps?

So many things don’t work in Nigeria – too many to count. But one thing, I mean absolutely one thing, that Nigeria or Nigerians are at par with the world would be phones. We just love the damned mobs. But that’s not the end of it; the real McCoy is the smartphone. At first only […]

Instant Recharge Tracker

Only an idiot would trust a banker. Rumor has it that while the cockroach would be the last to exist after Armageddon, the bankers would be the second to the last. The smell of easy money, when the economy is tight and Naira is testing out a new parachute, is hard to resist. I’m not […]

What’s killing financial inclusion in Nigeria?

No scholar worth his salt would denigrate his study in the first line, or on any other line for that matter. However, listen carefully, take what I’m going to say below with a pinch of salt as it’s based on armchair projections. But then who cares? We are quite a lot in Nigeria, or so […]

Is your bank there while you are on the move?

We are always on the move, not because we don’t have anything to do but that’s the reality of our lives in Lagos. We are usually busy, stuck in traffic and when our pretty backsides are stuck in traffic for hours, we end up loving our fondleslabs. So while in that horrendous traffic, we want to get […]

Instant Recharge: The New Kid on the Block

Something interesting is happening in Nigeria but it’s so subtle you may not even notice it. Ma’am, I tore up the recharge voucher! Ok, if your bank doesn’t allow you to buy airtime instantly from your phone maybe time you got another bank. Nope, seriously, I’m not doing a Diamond Bank skit. I just finished […]

Electronic Payment Gets Interesting

Somewhere in the news, PayPal finally admitted Nigeria into its elite club as you can now use your Naija issued cards to register. But come to think of it, was it because of the pressure? Or because Nigeria is less fraudulent? Probably not. My experience with PayPal has been shitty at best so I’m sure […]

Cashless Nigeria by Force, by Fire!

I was recently reviewing a CBN report on Cashless Nigeria and it is scary to know that 65% of Cash in Circulation is outside the banking system. I guess everything the CBN can do to cajole those who have ecstasy at the sight of cash wouldn’t work. Time we did it differently. What will happen if […]

Do we understand data?

Nobody can correlate anything around here – I mean Nigeria. For example we still can’t wrap our heads around the idea that 170 million Wazobians crammed into Nigeria is a joke. Someone pointed to the number of GSM lines but wait, can’t he see that everyone has at least 2 lines? Now that the networks […]

Online Banking is Fractured

It all happened in Nigeria. I’m a customer. A brand new customer. I just got a new account because my old bank was pissing the day light out of me. Or maybe I just got a new job that requires that I open my salary account at a bank my workplace sold its soul to. […]

POS is a Screen-door on a Nigerian Submarine

Sometimes I find it humorous seeing banks wring their hands at the disastrous investments made in POS. As the CBN was hell-bent on dragging each off us across the generational divide of cash versus electronic payment, it found willing allies in banks. Don’t get me wrong, I’m all for electronic payments or commerce. It is […]