Saturday, May 18, 2024
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Fidelity Debit Cards Now Open For International Transactions

Fidelity Bank Plc, one of Nigeria’s foremost financial institutions has announced resumption of international transactions on debit cards and raised the monthly international spend limit...

Top Mobile Banking Apps in Nigeria

Many banks have introduced mobile banking as an application installable on mobile phones to enable people carry out their banking transactions without necessarily physically...
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Union Bank Records Higher Bad Debt Provisions But Strong Earnings In Q2

Rising bad debts in Nigeria’s increasingly difficult operating environment has forced Union Bank Nigeria Plc to make higher provisions for bad debts in the...

FirstBank is first bank to Hit 100 million e-transactions Per Month

Nigeria’s leading retail bank, FirstBank has become the first Nigerian bank to reach a transaction volume of 100 million in a month on the...

Here are the major headwinds facing Nigerian banks

The Nigerian banking market is facing serious headwinds from slow GDP growth, falling FX reserves/ availability and regulatory pressures. The regulatory pressures on banks...
Herbert Wigwe, Access Bank, MD

Access Bank has Best Bank Academy

  Access Bank has Best Bank Academy   The Chartered Institute of Bankers of Nigeria (CIBN) has said that Access Bank School of Banking Excellence is the...

Nigerians Can Now Send Up To $5000 Abroad Through Western Union And MoneyGram

For the first time, Nigerians will be able to send money to loved ones outside the country through Western Union or MoneyGram, the two...

Delta Comfort+ Now Available on Select Trans-Atlantic Routes

Delta Air Lines is selling the Delta Comfort+ product as a fare for flights departing Jan. 22, 2018 and beyond in most trans-Atlantic markets, including: North America...
Fidelity Bank Partners SystemSpecs for Federal Collections via *770# Top Nigerian lender, Fidelity Bank Plc is championing a ground breaking innovation in the collection of internally generated revenue (IGR). Working in conjunction with SystemSpecs, a leading electronic financial transactions company and owners of Remita, Fidelity Bank has launched a more convenient collection and remittance of Federal Government Revenues via its Unstructured Supplementary Service Data (USSD) channel (*770#). The solution, which is first of its kind in the industry is in response to some of the challenges faced by millions of customers when making their tax payments and remittance and the need for all tiers of government to provide convenient sources of revenue collection. This innovative solution, according to the Divisional Head, Retail Banking, Richard Madiebo, was developed with the average tax payer in mind. “This payment option is borne largely from our desire to always provide easy and convenient payment channels to the semi-formal and informal tax markets in Nigeria”, adding that tax payers can now make payment efficiently, thus leading to reduction of leakages in the system for both the State and Federal Government. He further explained that customers should simply dial 770# on the phone linked to theirs accounts and then use their unique Remita Retrieval Reference (RRR) generated from the Remita platform, to make payments using the USSD code *770*RRR# and conclude their transactions. “Our operating model has always been to collaborate with forward-looking partners in the financial ecosystem, so that customers are able to consistently make smooth and convenient payments across diverse channels.” said Deremi Atanda, Executive Director at SystemSpecs. “Partnering with an institution like Fidelity Bank to ensure customers are able to make TSA and other payments on their innovative USSD platform is in furtherance of our corporate ideals and the bank’s quest for the delivery of easy and convenient banking services”, Atanda said further.

Fidelity Bank Partners SystemSpecs for Federal Collections via *770#

Top Nigerian lender, Fidelity Bank Plc is championing a ground breaking innovation in the collection of internally generated revenue (IGR). Working in conjunction with...

Absa, China Development Bank Conclude $100 million Agreement

Absa Bank Limited, a subsidiary of the Barclays Africa Group (BAGL), has successfully concluded a five year $100 million Special Facility Agreement with the...
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