Two days ago, I did a blog post titled “Woes of a Nigerian Internet Banking Customer” with a promise to do a follow-up post, offering suggestions. Well, this is it. First, it is defeatist for a bank to cancel online funds transfer when it is possible to minimize the effect of fraud. I would start [...]

I was researching this evening, try to gather some material for my next blog post when I came across this screaming headline: AGLOCO Dead: May Your soul rest in pieces! I couldn’t help chuckling. The same Agloco that was heralded as been a potential gold mine for the army of wanna get-rich-quick Internet users? Geez. [...]

Scam emails have been circulating the Internet for sometime now, attempting to trick people into entering their bank account login details into a fake version of their financial institution’s website. This criminal activity is known in Internet security circles as Phishing. To drive-home the point, I am quoting Wikipedia‘s accurate description of Phishing: In computing, [...]

Graphcard sounded promising when it was first launched. It was poised to meet the needs of users in Africa as well as other “third world countries” where credit cards are not widely available to the general populace. Graphcard has been doing fine somewhat all this while but something that is really putting me off these [...]

Not long after Google announced and launched their Google Checkout offering that Paypal increased the speed at which they introduced innovations. I dealt more with the Google/Paypal comparison in an earlier post. The essence of this post however, is to highlight the fact that some online shoppers would by far prefer using the checkout services, [...]

Paypal Nigeria: How to open a paypal account in Nigeria? Why Paypal is not available in Nigeria.

This round-up first appeared at Global Voices. The past week turned out to be one that came with an interesting debate about the prospects of e-commerce in Africa. Oluniyi David Ajao started with throwing an insight into the popularity of e-gold (a digital gold currency) in Nigeria. Other online payment systems might indeed follow the [...]

A few years ago, there was no single country on the African continent where one could send/receive money online via Paypal. Not one. Then there was South Africa. A few countries were added, as most were later covered. Even now, all the African countries can only send – they cannot receive money via Paypal. Any [...]

Paypal users in 26 countries can now withdraw their funds to their credit, debit or prepaid cards – so long the cards are branded Mastercard or Visa. New today, PayPal now offers account balance withdrawals to Visa-branded credit, debit, or prepaid cards in 26 international markets. This feature greatly improves the utility of PayPal accounts [...]

This blog post is a direct response to Erik Hersman’s blog post: The problem with e-commerce and online payments in Africa. Erik Hersman, a fellow African blogger, shared his thoughts about the need for an African e-payment system. He starts with a lamentation that is indeed true: A lack of true online payment options is [...]

Many Nigerians today dream of hitting a fabulous fortune from working on the Internet. While there is absolutely no harm in dreaming big, for some, it is sheer greed. Greed that makes them ready to believe just about anything they read or hear about making money online. A case in point is forex trading in [...]

One can argue that Google Checkout is not exactly a competitor to Paypal, since they are not exactly the same. Google Checkout speeds up your checkout process while Paypal is a complete online payment system. To me, the mere fact that Google Checkout makes online shopping faster (by auto-filling your shipping address and making payment [...]

I came across an article at NigeriaGalleria.com just now, that not only highlights some of the challenges of doing business online from Nigeria, but also offers some solid advice on going around the challenges. It’s titled: “Obstacles to Conducting Internet Business in Nigeria“. These obstacles vary from the poor electricity supply in Nigeria, to the [...]

In case you missed the news just like I did, be informed that e-gold Ltd, operators of the e-gold digital currency, now have an official blog at http://blog.e-gold.com and its blogger so far is their Chairman/Founder: Dr. Douglas Jackson. The closing text of the very first blog entry, read: Anyone remotely familiar with e-gold knows [...]

ValueClick Media, a leading online advertising company has now added Direct Deposit (Automated Clearing House) as a payment option for US and Canadian-based publishers on their advertising network. With this method, publishers who opt for it can receive money earnings straight into their US or Canadian bank account, in US Dollars for months when their [...]