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First mobile remittance service for UK Nigerian community launched

A new remittances service dubbed Oya has been launched as the first mobile money transfer service created specifically for the more than 1 million people who make up the UK based Nigerian community. Oya , created by Fintech Volopa enables customers in the UK to send money home to Nigeria from the comfort of their …

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Electronic payments in Nigeria hit N10.89tn in January

Nigerian banks facilitated electronic payments valued at N10.89tn in January, a 29 per cent increase in transactions as against N8.41tn recorded in January 2019. This is as the volume of electronic payments rose to 160.18 million, recording 58 per cent increase from the 2019 figure, which was 101.38 million, latest statistics obtained from the Nigerian …

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