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Category Archives: Nigeria

If CBN wants cashless, it should #maketransferfree

The CBN cashless policy can never be successful if transfer is not made free

Posted 16 December 2022 † dejiolowe § Payment ‡ Comments (0) ° Tagged:

Is proof of funds a fraud?

The proof of funds loans has allowed over 100,000 Nigerians to travel abroad for schools or immigration without having the funds demanded by the embassies. This is a fraud but even then, what are the implications for Nigerians?

Posted 18 November 2022 † dejiolowe § Career ‡ Comments (0) ° Tagged: , , , , , , ,

10 predictions for digital payments in 2019

2018 was an exciting year for payments in Nigeria. Tons of cash came in as international investments; interbank transfer crossed 700 million transactions, even mCash had a little showing. Of course, the bitcoin bubble made a loud burst with many licking their wounds. As usual, the following are my 10 predictions for 2019. They are […]

Posted 23 December 2018 † dejiolowe § Business § Cards § Mobile § Payment § Piscalux ‡ Comments (1) ° Tagged:

I didn't do too bad predicting digital payments for 2018

Last year, I wrote about 10 predictions for digital payments in 2018 (better to read this first). Looking back, I can assure you, my career as a seer hasn’t been as illustrious as I planned it to be. So how bad am I? Let’s take a look at how I scored myself. Alat gets a (bigger) […]

Posted 20 December 2018 † dejiolowe § Business § Payment ‡ Comments (0) °

Credit bureaus are holding back digital lending in Nigeria

I was at a recent event organized for alternative lenders, mostly digital lenders serving individuals and SMEs. The engagements were eye-opening even though I was already conversant with most of the issues raised.Nevertheless, one of the nagging problems kept nagging me after I left that day. Everyone was complaining about how difficult it was to […]

Posted 22 October 2018 † dejiolowe § Payment § Uncategorized ‡ Comments (1) °