Banking

advantages of merchant account

Benefits of Having A Merchant Account For Your Business

In most cases a prospective client may not want to make a direct deposit into your bank account because your country is considered a “high-risk”, that is where a merchant account comes in. A merchant account breaks a lot of payment limitations that may restrict prospective customers from buying your products or paying for the services […]

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american express savings

Comparing American Express Savings Accounts to Other Financial Institutions

Introduction to American Express Savings Accounts Are you looking to make your money work harder for you? American Express Savings Accounts may be the key to unlocking your financial goals. With competitive interest rates and a trusted name in the finance industry, American Express provides several advantages over other banking organizations. Let’s dive into what

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Kolo for saving money across Africa

Unbanked: Why Adults Intentionally Exempt Themselves From the Banking System

What is Unbanked? The term ‘unbanked’ refers to people, typically adults, excluded from the traditional banking system. These individuals lack access to basic financial services such as credit cards, savings accounts, and other banking facilities. Essentially, unbanked individuals do not use any banking institution and as a result, they are generally deprived of professional financial

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swift_codes_of_banks_in_nigeria

SWIFT Code vs Sort Code: What’s The Difference?

What is a SWIFT Code? A swift code is an 8 or 11-digit code or characters associated with a financial institution for making international transactions. SWIFT code is a standard format for Business Identifier Codes (BIC) which is used to identify banks and financial institutions globally. It says who and where they are — a sort of international bank code

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