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What telco mobile money licenses mean for Nigeria’s financial services sector

CIO Business Intelligence

Nigeria’s mobile money landscape, however, has been dominated by banks and other financial services companies. It was only late last year that Nigeria’s Central Bank (CBN), gave the green light for telcos to acquire mobile money licenses. With the new licenses, banks are set to face some challenges from the telecommunications sector.

Licensing 111
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Duolingo’s bilingual true crime podcast will entertain you while you learn Spanish

The Verge

El Gran Robo Argentino (The Great Argentine Heist) tells the story of the 2006 robbery of a Banco Rio bank in Buenos Aires, where five men stole a fortune worth $20 million. The six-episode season includes interviews with real people who were part of the heist, including journalists, investigators, and even one of the bank robbers.

Banking 116
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Chappelle’s Show returns to Netflix now that Dave got paid

The Verge

Photo By: Will Heath/NBC/NBCU Photo Bank via Getty Images. Now, three months later, and 15 years after Chappelle famously walked off the show that aired on Comedy Central between 2003 and 2006, we have a resolution. Dave Chappelle reclaims his namesake. View this post on Instagram. A post shared by Dave Chappelle (@davechappelle).

Licensing 144
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Elisa finds growth through digital services

TM Forum

.” However, Elisa’s path towards profitable digital services has been long and has led to more than one dead end over the last 15 years, notably in healthcare and banking. “At one point I was actually chairman of a small bank,” says Korpi – a venture he admits cost millions of euros. IndustrIQ. ,

Software 130
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The GeekWire Summit returns next week: Agenda released featuring Andy Jassy, Ciara and others

GeekWire

The global superstar went on to release six more albums and won a Grammy Award in 2006 while expanding her career to acting and business. In addition to Bank of America , we’d like to thank all of our awesome GeekWire Summit gold sponsors: Wave Business , ALLtech , EY, Martin Selig Real Estate , Microsoft , Pacaso and Slalom.

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Peer-to-peer banking - Trends in the Living Networks

Trends in the Living Networks

The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.

Banking 83
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Crowdfunding creates a new layer of capital markets and new layers of value

Trends in the Living Networks

In 2006 BRW quoted me : There will also be a growth in companies that are less capital intensive. As the bank spokesperson noted, crowdfunding is unlikely to impact in any significant way the existing loan portfolio of banks. Almost no projects on crowdfunding platforms would have any chance of getting bank lending.

Banking 166