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Monthly Archives February 2012

Lagos Cashless Initiative; Strapped to a Whimpering Rocket

The Cashless Initiative should rocket the economy of Nigeria to greater heights. That was the plan. Picture the Nigerian economy precariously strapped to the back of a badass rocket standing ramrod straight in the sweltering sun. Yes, the sun in Lagos is something else. Then the CBN Governor steps forward gallantly to light the rocket [...]

Posted 11 February 2012 † Adédèjì Olówè § Business § Cards § Nigeria § Payment ‡ Comments (0) ° Tagged: , , , , ,

America goes Fish, Chip and PIN (EMV), at last

What most people find hard to believe is that USA, and India, two of the most technological advanced countries (well, it could be tough believing that for India if you have been there) still use magstripe cards. Magstripes are unsafe (easy to clone and super error prone) and so yesterday that I wouldn’t be surprised [...]

Posted 03 February 2012 † Adédèjì Olówè § Cards § Payment ‡ Comments (1) ° Tagged: , , ,