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TeamApt Announces New Consumer Focus and West & North Africa Expansion Plans For 2021

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TeamApt, the Nigerian fintech company that provides digital financial services solutions and payment infrastructure, today announced that it will be shifting its focus from delivering financial services products to banks to delivering products for consumers and businesses, as it aims to build on a strong performance in 2020.

The Lagos-based fintech company is also exploring opportunities to deliver financial services for underserved individuals and businesses in other countries in West and North Africa.

Founded in 2015, TeamApt has worked with a wide range of African banks and 100% of all commercial banks in Nigeria. As part of the company’s efforts to deepen financial inclusion across Nigeria, it will now focus on building products that make it easier for individuals and businesses to access financial services, as well as growing its agent network and other touchpoints for its existing products – Moniepoint and Monnify.

Despite the global pandemic, 2020 was a very successful year for TeamApt, with 150% overall QonQ growth, $3.9 billion in transaction value across its products, more than 90 million transactions processed, and 500% merchant growth.

Moniepoint, TeamApt’s mobile money platform, which was launched in 2019, also became the largest non-bank mobile money operator in Nigeria (by value processed), despite being the latest entrant.

TeamApt grew its agent network to 50,000 (900% growth), with agents in each of Nigeria’s 36 states, thereby drastically improving the ratio of financial access points in the country.

The bank to population ratio in Nigeria, Africa’s largest economy, remains low – 4.3 branches per 100,000 compared to the global average of 11.7 branches per 100,000. For many Nigerians, agency banking (POS Shops) represent a financial access lifeline and one of the most viable options for accessing the financial services they need without unduly risking their health or enduring the other inconveniences of the traditional banking system (such as longer queues, unreliable transaction channels and poor support).

According to Shared Agent Network Expansion Facilities (SANEF), which was set up by the Central Bank of Nigeria to accelerate financial inclusion, agent transactions surged by 859 percent during the first lockdown in March/April 2020 and despite restrictions being relaxed, the volume and value of transactions have continued to rise. 

Commenting on the plans and the new focus, Tosin Eniolorunda, CEO and Co-Founder of TeamApt, said, “We had a lot of success working with banks but we have identified some unique opportunities to empower underserved individuals and business with products designed to make it easier to access and manage their money more efficiently.

There are many synergies and opportunities that have been underexplored in the journey of improving financial inclusion in Africa and other emerging markets, and we are excited by the prospects of what we can achieve.

We are confident in our competence and the technical expertise to deliver products and services that will transform access to financial services across Africa”.

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Samsung Unveils Galaxy A06 – Galaxy Wey Sabi

By Sandra Ani

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Galaxy A06 WeySabi
From left to right: Stephen Okwara, product manager, Mobile Experience West Africa; Oge Maduagu, head of Marketing West Africa; Joy Tim-Ayoola, group head, Mobile experience West Africa, and Nathan Lee, business manager, Mobile experience, all of Samsung West Africa, during the unveiling of Galaxy A06 at Ikeja City Mall, Lagos

Samsung Electronics has officially unveiled the latest addition to the popular Galaxy A series smartphones – the Samsung Galaxy A06.

Joining a fan favorite series and combining powerful performance with a sleek design, the Galaxy A06 offers customers and loyal A series fans unique features and premium experience at an affordable price.

The stylish Galaxy A06 is set to redefine what users expect from entry-level smartphones, offering cutting-edge technology without compromise.

Aptly, tagged “Galaxy Wey Sabi”, the Galaxy A06 stands out in the competitive category as it aims to resolve the customers’ needs in a smartphone with focus on durability, functionality, security, camera, and entertainment.

Users can enjoy capturing high-resolution photos with the 50MP rear camera, now equipped with Nightography for capturing the essence of every detail especially in low-light conditions. The 8MP front and 2MP (depth) cameras also provide crystal-clear selfies with advanced beautification features.

Spotting a slimmer design and comfortable grip, as well as a side fingerprint scanner, the new Galaxy A06 features a stunning 6.7” HD+ display, providing vivid colors and crisp clarity for an immersive viewing experience that delivers seamless visuals on the infinity-U display with enhanced brightness, especially for outdoor visibility. 

Galaxy A06 – Galaxy Wey Sabi is truly a device, which understands your needs, equipped with a 5000mAh long-lasting battery, you can enjoy more device usage without worrying about battery life. The 25W Super-Fast Charging feature ensures up to 50% battery charge in just 30mins, meaning you are back in action quickly.

“The Samsung assurance is a promise, a trustworthy reliability in our Knox Security on this device, which protects your personal information by isolating your passwords and other private data within a secure environment,” said Stephen Okwara, Head Product Management, Samsung Electronics West Africa. “What also awesome about this is our promise of continuous OS upgrades and up to 4 years security update on this device. Isn’t that impressive from a brand that understands the needs of its customers?”

Also speaking at the Galaxy A06 launch event in Lagos, Oge Maduagwu, Head of Marketing, Samsung Electronics West Africa said: “We are excited to introduce the Galaxy A06, which brings together powerful performance, an advanced camera, and long-lasting battery life, all in a stylish and affordable package,” She added: “Also customers can enjoy premium support for their device with a screen damage insurance cover of just N9000.

Available in four stunning colors – Black, Blue Green, Lime and Silver – The Samsung Galaxy A06 will be available in Nigeria at all authorized Samsung Stores from 11th October 2024, with pricing starting at N146,000.

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Anambra School Emerges Winner In National Girls In ICT Competition With Groundbreaking VR Technology

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St. John Vianney Science College, Igbariam, used their virtual reality project to conquer the National Girls in ICT Competition 2024, claiming the national championship title yesterday!

The National Girls in ICT Competition, organized by the Federal Ministry of Communication, Innovation and Digital Economy, is a technology innovation competition for all girls in secondary schools across Nigeria.

Their innovative project, M-Tag VR, allows users to explore iconic landmarks like Zuma Rock and learn about fascinating cultural aspects of Nigerian tribes. The girls, Immaculate Ebube Ikegwuonu, Camilla Anyadike, and Nweke-Nonso Oluchi, mentored by their coach, John Onuigbo, triumphed over teams from all 36 states.

The girls’ talent shone brightly throughout the competition. They started at the state level where they aced the Anambra state competition, then proceeded to conquer the Southeastern regional championship, defeating teams from Ebonyi, Imo, Abia, and Enugu, to make it to the national finals.

Rivers and Lagos states secured the second and third-place positions, respectively.

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Google To Delete Billions Of Browser Records To Settle ‘Incognito’ Lawsuit

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CNN reported that Google will delete billions of data records as part of a settlement for a lawsuit that accused the tech giant of improperly tracking the web-browsing habits of users who thought they were browsing the internet privately.

The suit was originally filed in 2020 and accused Google of misrepresenting the kind of data it collects from users who browsed the internet via “Incognito” private browsing mode in Chrome. Google agreed to settle the suit late last year, but the terms of the settlement were first disclosed in a filing on Monday.

As part of the settlement, Google must delete “billions of data records” that reflect the private browsing activities of users in the class action suit, according to court documents filed Monday in San Francisco federal court.

Google will also update its disclosure to inform users about what data it collects each time a user initiates a private browsing session. Google has already started implementing these changes.

For the next five years, Google will also let private browsing users block third-party cookies as part of the settlement. Google also will no longer track people’s choices to browse the internet privately.

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