Instagram now lets you make online payments on its platform

A new feature has been quietly introduced by Instagram which allows you pay for goods and services online without leaving the app.

CBN limits Mobile Money transactions via USSD to N100,000 per day

Photo: the guardian

The Central Bank of Nigeria, in a bid to reduce the incidence of fraud, has put a cap on mobile money transactions via Unstructured Supplementary Service Data (USSD) to N100,000 ($278) per day.

Apple to pay Samsung a whopping $110 on every iPhone X sold

A new analysis has shown that Samsung will be pocketing about $110 on every unit of the iPhone X sold by Apple.

Paystack Celebrates 1 Billion Naira in Transaction Volume in One Month

Paystack, an online payment platform, celebrated a milestone of processing over N1 Billion transaction volume in a single month.

PayU to connect Nigerian businesses to online payment market

PayU has announced rolling out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from N167 billion in 2016.