With the rising emigration from Nigeria creating what has now become ‘japa’ trend, the need for cross-border payments in Nigeria has become more pronounced. From parents needing to send money for their children’s schooling abroad to Nigerian migrants abroad sending money to family and friends at home, the need keeps growing. Aside from that, the demand for efficient cross-border payment solutions in Nigeria has been on the rise, driven by the country’s expanding international trade, increasing diaspora remittances, and the growing number of Nigerian businesses with global operations. It is, therefore, not surprising that many companies have seen huge business…
-
-
Using VPN (Virtual Private Network) servers in payment gateways offers several advantages that help enhance the security, privacy, and overall performance of online transactions. Here are some key benefits: 1. Data Encryption: VPNs use strong encryption protocols to secure data transmitted between the payment gateway and the user’s device. This ensures that sensitive information, such as credit card details and personal identifiers, remains encrypted and protected from potential attackers. 2. Privacy: VPNs hide the user’s IP address, making it more difficult for malicious actors to track and target users. This is important for preventing fraud and protecting user privacy. 3.…
-
China Introduces new anti-trust rules for non-bank payment industry Anti-trust, “The finance industry is becoming more and more dependent on information technology, leading to a growing urgency of ramping up anti-trust efforts in this sector,” Liu Xu, a researcher at the National Strategy Institute of Tsinghua University, said. China’s central bank proposed stepping up anti-trust measures to rein in payment firms such as Ant Group’s Alipay and Tencent’s WeChat Pay, which dominate the non-bank payment industry. Under draft rules proposed on Wednesday, the People’s Bank of China (PBOC) can advise the state council’s antitrust committee to stop companies abusing…