President Muhammadu Buhari has approved the immediate implementation of the N30,000 new national wage for Federal Public Service workers currently earning below the minimum wage. The Chairman, National Salaries, Income and Wages Commission, Richard Egbule, said this while addressing journalists on the implementation of the new national minimum wage in Abuja. He said the commencement
PayU Nigeria introduces PayU Subscription, a convenient payment method which allows merchants to safely and securely collect payments from consumers who have recurring bills or subscription payments in a seamless way. Country Manager of PayU Nigeria, Ms Juliet Nwanguma said: “PayU Subscription is an innovative product for businesses that are looking to offer subscription and
Visa has announced its support of the new global QR Code Payment Specifications from EMVCo, the global technical body that manages the EMV Specifications. The specifications cover consumer-presented and merchant-presented QR code use cases for digital payment acceptance. QR Codes are two-dimensional machine-readable barcodes, used to facilitate mobile payments at the point-of-sale. Visa and the
First Bank of Nigeria Limited has partnered Visa to launch a mobile payment solution mVisa. This mobile solution, according to the bank, allows customers pay for goods and services by scanning a QR code using a smart phone via the FirstMobile App. Payment goes straight from the consumer’s FirstBank account into the merchant’s account and
The Federal Executive Council (FEC) has put in motion the machinery for the payment of N2.7 trillion owed contractors, pensioners and state governments by the federal government in the past two decades. Briefing journalists at the end of the weekly FEC meeting presided over by acting President Yemi Osinbajo in the State House, the Minister
