Category Archives: Payment

Why QR code payment would never succeed in Africa

Paying with QR code is so cool. All you need to do is bring out your smartphone, take a snapshot, and voila, payment is made. The simplicity and versatility are simply unparalleled. QR code payments have been adapted from in-store shopping; to online payments; to even paying for cable subscription on TV. As much as […]

Death by a billion transfers; the immortality of cash is exaggerated

‘Cash is king,’ so says the famous adage. But digital payments have been waging and winning a silent war against cash for years, but nobody seems to be noticing. We all say that cash can’t be knocked off, but we are so wrong because if you expected a bloody revolution where digital payments overtake cash […]

You won’t live forever. But carrot.ng can sort out your afterlife

On the long run, we would all be dead; a reality nobody can dodge. Considering that the grim reaper doesn’t usually do RSVP, what does it take to prevent the yam-pepper-scatter-scatter that often comes when someone dies all because there is no will left behind to take care of things. Trust me, if you have […]

The Myth Around Literacy and Financial Inclusion

According to EFInA (Enhancing Financial Innovation and Access), Financial Inclusion is “the provision of a broad range of high-quality financial products, such as savings, credit, insurance, payments and pensions, which are relevant, appropriate and affordable for the entire adult population, especially the low-income segment” (EFInA, n.d., p1). It requires that financial services (bank accounts, credit, […]

Contactless cards can revolutionize payments in Nigeria

The ease and speed of a payment method are directly proportional to its adoption. Although payment with cards has been growing at about 100% CAGR over the last three years, all you need to do is stand behind that smug, self-entitled millennial stamping her feet while waiting for a purchase to finish to know that […]

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