Bank Deductions: How hidden charges erode Nigerians’ trust in digital payments

A tap to the left: South Africa’s digital payment revolution

South Africa’s online payments ecosystem has moved through four distinct eras over the past 10 years. QR code wallets, screen scraping instant EFTs, secure direct bank APIs and now, device-native wallets, have made their appearances on mobile devices and systems. Each transition was driven by a combination of regulatory pressure, fraud risk and consumer behaviours, []

Data Breach: Providus bank customers confirm unauthorised transactions on cards

Customers of Providus Bank, now ProvidusUnity, have reported unauthorised card transactions on their card months after a data breach affected multiple public institutions in Nigeria. Affected customers took to their X accounts on Friday to make public their ordeal. Several customers who preferred anonymity confirmed the incident to DAILY POST. When DAILY POST contacted the spokesperson of [] Data Breach: Providus bank customers confirm unauthorised transactions on cards

Protecting the digital wallet: A national priority

The latest fraud report by the Bank of Ghana (BoG) should give both policymakers and the public cause for serious reflection. While Ghana’s financial sector continues to expand, particularly through digital payment platforms, the sharp rise in fraud cases signals a troubling downside to this progress. The figures are striking. Reported fraud cases jumped from The post Protecting the digital wallet: A national priority appeared first on Ghanaian Times.

👨🏿‍🚀TechCabal Daily – Holcim’s billion dollar windfall

In today’s edition: Nigeria’s Central Bank fines 29 banks 9 million || CBN to penalise banks for cash shortages || Holcim to sell its Lafarge business for 1 billion || Nigerian BDCs to buy forex from authorised sellers

Digital fraud shows criminals have moved from the street to the screen – Prof. Bokpin

Criminals are no longer only looking for cash in people’s pockets, shops or homes. As more payments move onto phones, apps and digital platforms, Economist and Professor of Finance at the University of Ghana Business School, Godfred Bokpin, says fraudsters are also moving online. He says the shift is expected because criminals follow the money. []