Cashless policy drives Visa card uptake
BUSINESS
By BiztechAfrica - May 28, 2012, 11:48 a.m.Image: By BiztechAfrica
Nigeria’s cashless policy is helping drive strong growth of Visa cards in Nigeria.
Visa sub-Saharan Africa Director Ade Ashaye says transaction volumes using Visa cards have increased by 70% in the past year.
He says not only is card use increasing, but the number of vendors making provision for card payments is increasing to meet demand.
He says Visa is also growing its mobile money services in Nigeria.
MORE BUSINESS NEWS
Yahoo! MEA exec resigns to launch emerging markets social TV
Ahmed Nassef has announced that he has left his role as Yahoo's Vice President and Managing Director for Middle East and Africa to found Telfez. Read MoreSwift Networks acquires DoPC
Swift Networks has acquired the long term evolution (LTE) or 4G business of Direct on PC (DoPC). Read MoreAfrica must think beyond blue collar jobs
Pan-African job creation initiatives need to look beyond basic job creation, to high level ICT skills development, to develop the economies, says Greg Vercellotti, executive director at Dariel Solutions. Read MoreInterswitch moves for growth
Pan-African integrated payment processing and transaction switching company Interswitch has spun off two of its core divisions for growth. Read MoreChina-Africa Development Fund opens industrial park in SA
Electronics firm Hisense has officially opened its new Home Appliances Industrial Park in Atlantis in Western Cape, South Africa. Read MoreUSD100m to support trade finance in Africa
The African Development Bank (AfDB) has formally signed a USD 100 million unfunded Risk Participation agreement (RPA) with Commerzbank AG to support trade finance in Africa. Read MoreRed tape slows business in Africa
The sheer complexity of travelling to many African countries is hampering the roll-out of business there, says Carlos Ferraz, GM of Motorola Solutions. Read MoreAgambire calls on foreign students to bring knowledge home
rlg Chief Executive Roland Agambire has told African youth living and studying abroad they have a moral duty to return to their countries and bring their international knowledge to bear on ongoing reconstruction efforts on the continent. Read MoreIDC: another ‘remarkable quarter’ for MEA tablet market
The tablet market in the Middle East and Africa (MEA) region grew 184% year on year in the first quarter of 2013, says IDC. Read MoreLondon conference to focus on investment in Guinea
Following on from a Mining Code Briefing on 12 June, the ‘Invest in Guinea’ initiative is organising an all-day Invest in Guinea Conference on 13 June in London. Read MoreRELATED STORIES
FEATURED STORY
Airtime transfer big business in Ivory CoastAirtime transferred direct to mobile is proving popular among consumers and is generating jobs in Ivory Coast.
BEST READ NEWS
IN DEPTH
Africa must think beyond blue collar jobsPan-African job creation initiatives need to look beyond basic job creation, to high level ICT skills development, to develop the economies, says Greg Vercellotti, executive director at Dariel Solutions.