The African e-commerce sector is plagued by cash, with the majority of payments still being made in cash at the point of delivery. Understanding the impact of this challenge, Mastercard has partnered with Nigerian tech start-up, NetPlus to develop an e-commerce solution that will help make cash a thing of the past, for e-retailers and
PayU has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from N167 billion in 2016. Country Manager of PayU Nigeria, Ms Juliet Nwanguma, says, “In order to pursue PayU’s aggressive expansion in the online payment market
The Style Group, a contemporary lifestyle retail group in Nigeria, is leapfrogging the brick-and-mortar sales of fashion, accessories and design services and instead focuses on offering them via modern social media commerce. In the booming social media and eCommerce market of Nigeria, The Style Group’s model is a hit and reaching thousands of Nigerians eager
SPAR Nigeria was the host of the one day SME Bazaar organised for small and medium Nigerian enterprises in collaboration with the Bank of Industry, the Manufacturers Association of Nigeria and the Retail Council of Nigeria. The SME Bazaar followed an extensive SME Workshop to educate and offer professional assistance to small businesses on the
Diaspora remittances, money transfers by migrants to their region or country of origin, are becoming increasingly important to the economies of a number of African countries. In Nigeria for example, remittances of about US$35 billion were expected in the last year. Diaspora remittances are the second biggest source of foreign exchange for Nigeria, and according
