A prominent Nigerian bank that has set spending limits for international transactions on Naira debit cards.
Your Naira card can now pay for ChatGPT, Netflix, YouTube
Nigerian banks, including Access Bank and GTBank, are now allowing international transactions on Naira debit cards after a three-year block. Customers can now pay for services like ChatGPT, Netflix, and YouTube without needing virtual dollar cards.
Next Wave: Banks built the trust. Now they’re building the tech
Kenya's Absa Bank reported that over 90% of customer transactions were happening outside physical branches in 2024. GTBank in Nigeria grew its active digital user base by 38% year-on-year due to a revamped mobile app and chatbot assistant.
Access Bank embarks on second major core banking upgrade, in five years, starting today
Access Bank Plc begins an upgrade of its core banking application, Flexcube by Oracle. Branches will close early at 2pm and all internal processing systems will shut down by 5pm on February 21, 2025.
Exclusive: Techstars-backed BlackCopper set out to disrupt lending, now it owes investors ₦1 billion
Only 6.2% of Nigeria's adult population had access to loans in 2019. BlackCopper could not recover over 60,000 loans disbursed to customers.
