• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Kuda launches cashless payment campaign

Kuda

The Matters Press by The Matters Press
July 23, 2023
Reading Time: 2 mins read
0
Qualcomm selects 10 African start-ups for mentorship

Lagos, July 23, 2023: Kuda Bank, Africa’s money application, has launched a multichannel campaign dubbed ‘Cash Is Hard Kuda Is Easy’ to raise awareness of the benefits of cashless payment solutions.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Mr Musty Mustapha, Co-Founder Kuda, made this known in a statement issued in Lagos.

Mustapha said the campaign was designed to encourage greater usage of cashless payment features on the Kuda app and attract new customers seeking reliable cashless payment options.

He added that the campaign aims to create awareness and educate users about the various cashless payment features offered by Kuda.

“For instance, Kuda customers who link their BVN to their profile receive 25 free transfers to any Nigerian bank or fintech every month.

“Additionally, the Pay With Bank feature enables users to make online payments directly from their Kuda account on websites and apps that accept Paystack.

“When transfers and cards are unavailable, customers can also utilise the Pay with USSD option for convenient and fast PoS and online payments,” he said.

Mustapha noted that in the ever-evolving landscape of financial technology, Nigeria’s cashless ecosystem had experienced remarkable transformations if benchmarked against 2018.

He said that spearheading this digital revolution were innovative players such as Kuda Bank and other digital payment platforms.

Mustapha stated that the company’s disruptive technologies and unwavering commitment to convenience propel Nigeria toward a future where cash was no longer king especially amongst the banked and underbanked.

“The recent policy of the Federal Government to adopt the new Naira design and swap cash in the run-up to the 2023 general elections resulted in some form scarcity of physical cash.

“This impacted the Nigerian economy and resulted in a major shift in behavior grudgingly from cash to cashless exchanges.

“Cashless payments are now becoming increasingly popular as more Nigerians choose fast and convenient digital channels such as USSD, mobile apps, ATMs, and PoS terminals.

“The emergence of Kuda Bank and other digital payment platforms undoubtedly plays a pivotal role in accelerating Nigeria’s cashless ecosystem,” he said.

Mustapha, however, stressed that to ensure long-term sustainability of Nigeria’s cashless ecosystem, it was important to continuously monitor and evaluate the system’s performance.

This, he said, include regularly assessing the efficiency, security, and accessibility of digital payment platforms.

“Based on these evaluations, necessary upgrades and improvements can be made to enhance user experience and address any emerging risks or vulnerabilities,” he said.

Nigeria Inter-Bank Settlement Systems reported that as at November 2022, transactions worth N38.9 trillion were performed electronically through its Instant Payment platform.

This brings the total value of transactions in the last 11 months to N345 trillion – the highest monthly transaction recorded so far and represents 50 per cent year-on-year increase compared to the N25.9 trillion recorded in November 2021.

Tags: Kuda
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Maritime sector critical to economic growth — Shippers

Experts seek revitalisation of Ehingbeti maritime hub

Nigeria key to African blue economy – Korean envoy

Blue economy attracts debate

Recommended Stories

Habiscus (Zobo) for Mexico’s markets

NEPC, NAQS partner on treatment of hibiscus for export

August 15, 2022
Minimum wage a reality – Labour

Strike: NEC begs labour not to abandon dialogue

September 29, 2023
Vulnerable Nigerian farmers to get $1m grant

Otu unveils N30bn commercial agric development fund

December 24, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us