Technology Technology Trends


Picture 1

Tell us about VPD money as an app that enables financial transaction?

VPD money is a financial services App brought to you by part of the team that delivered VoguePay (A leading payment solutions provider that was founded in 2012 and now operating across 5 continents). At VPD money, we believe financial services should not limit businesses and individual’s potential regardless of regional boundaries. VPD money is a financial services and lifestyle App that offers its users money management tools, instant access to a digital wallet and bank account. We are unifying the wallet, and digital banking experience in order to bridge the gap between Africa and the global e-commerce market. Enabling connectivity that drives performance powered by individuals, African & International SMEs, and the diaspora community seeking to trade or conduct transactions in/with Africa. In a nutshell, VPD is the new way of living. The banking choice for the smart, and new generation. It is a lifestyle banking app.

How are you different from other Fintechs?

In the fintech ecosystem we are all the same or have many things in common, but the difference is that we try to resolve a wide range of problems. We are borderless, we provide borderless solutions. We believe that if you go to any part of the world be it Kenya or Gambia, you shouldn’t be bothered about remittances, payment and exchange rates-that is where VPD money comes in. Though, we have Fintechs in payment, digital banking etc. we are into digital banking that is supported by artificial intelligence (AI) these solution helps with gathering data for you, tries to answer critical questions that seeks to understand how to serve you best. For instance, you may be interested in getting the best rate for a currency of your choice-Our solution addresses these questions.   We ensure that banking is made easy using our digital intelligence financial solutions. We have made banking, and saving culture easier. For instance, you can decide to save money for a wedding in the next 6 months, Our solutions enable you to do this depending on the milestone you have put in place. The app addresses a lot of financial questions.  Picture 3

How has this solution been accepted in the market?

There was a time that we did a test campaign and we were overwhelmed with the response, about 35,000 Nigerians downloaded and keyed into the application in just one week. We had to make a difficult call to stop the scheme so that we can provide top notch services, and support to our existing customers. Our customer services were overwhelmed then, this shows how people are interested in our solutions!

The Legacy or conventional banking has been around, how is your relationship with them?

Well, our relationship has been great, as banks, the traditional banks ought to work with us and they are doing that. Though the regulation is developed around the legacy banks, a lot of smart banks are working hand-in-hand with innovative fintechs so as to disrupt themselves. Some are even buying fintechs and investing massively, any bank that wants to be part of the future must align with the realities which is fintech If they want to go far in this ecosystem, they need to align themselves with fintechs. If General Motors knew that Tesla would be this big, they would have invested in the technology, this is the same for traditional banks. Complacency is what is happening to African banks, they believe in might, number of staff and branches, it is not it, it is about agility and smartness. Unfortunately, a majority of the Banks’s solutions are from India and many of these solutions are ancient and obsolete technologies.

Majority of Banks are running on foreign software, do you think that this is a wrong approach?

It is not only a wrong approach, but a gross betrayal to millions of Nigeria that have the capacity to deliver and also a capital flight to the nation. It is worrisome. We have the human resource pool in Africa- when you go to Silicon Valley, you will notice that a lot of Nigerians are thriving, and manning serious IT projects, why are the Nigerian banks deploying obsolete Indian software in our home country?  A majority of Nigerians in the IT sector feel so betrayed by this, For Bangalore, Nigerian financial institutions are their major customers. We want to change this narrative; in our company we have many nationalities among us, and that is why we are trying to change the narrative.  If the banks support these IT firms and tech guys, they can build a robust system, most of the banks here are operating on an old system.

What are the challenges that you face doing business?

Well, doing business here on average day is hectic especially with the bureaucracy. Another challenge is the limited access to talented individuals, finding adequate talents is difficult.  Yes, we have talented people in Nigeria, but a majority require further training and orientation, so we have to refine them, and help them unlearn the old systems, and start adopting our way of working.

Any expectations for the 2021, and how did you cope with lockdown?

I think that digital banking is well placed in Covid era, However, there are some minor ways this industry was affected. We are charged up, and we have a lot of things we are going to unveil this year.

How are you trying to address banking solutions for millennials?

We believe that the way financial services are consumed with the millennials have changed, we believe also that experiences have changed, and these are the things we want to address. Nigerians are very brilliant people but most of these brilliances are shown abroad and we want to bring this expertise back home. We are doing the bank of tomorrow today. The benefit of that is that Nigerians would see a significant change and even removal of transfer charges.  We are poised to change banking for good.  We believe that everyone deserves access to at their convenience. With my background in the payment industry, we had a partner that introduced a modern technology that altered the payment connectivity that in turn, changed the Nigerian banking space. We made payment connectivity free. Prior to this, it was one thousand dollars for payment connectivity, this is what we want to make available to Nigerians.

What are the features of your app?

Our App is tailored for your everyday needs, these needs such as Payment for utility bills, shopping globally, monthly entertainment subscriptions, flight, and event tickets on the go.  We offer cash-back, when you the VPD money app, we give you Cash-back on all eligible purchases (Earn up to 3%)  or via any of our partners. Another thing we have that is unique is our Contactless Card feature. This is a simple and secure way to make everyday purchases quickly and safely.

“It is not only a wrong approach, but a gross betrayal to millions of Nigerians that have the capacity to deliver, and also a capital flight to the nation. It is worrisome. We have the human capital- when you visit Silicon Valley, you will see a lot of Nigerians thriving and manning serious IT projects, why are Nigerian banks not giving Nigerians the same opportunity in our home country ? ”

Leave a Comment

Your email address will not be published.

You may also like

Business Opinion Technology Technology Trends Telecoms

South Africans can now access faster and affordable internet as Liquid Dataport lands Equiano in Cape Town


Liquid Dataport, a business of Cassava Technologies,  is bringing much-needed access to affordable internet in South Africa. Liquid Dataport has acquired a pair of fibre cables on Equiano, the new West coast submarine cable, capable of delivering up to 12 Terabytes of new internet capacity, providing the South African economy with the boost it needs to ensure the successful digital transformation of businesses and individuals. See



The additional capacity augments Liquid Dataport’s existing pan-African fibre network, global satellite connectivity and subsea cable backbone that ensures businesses on the continent have access to affordable and reliable high-speed connectivity – a vital element as they leverage the digital economy. The Equiano sea cable is the highest capacity cable landing in South Africa. Liquid Dataport foresee a much-needed drop in internet connectivity prices and improved quality in South Africa and numerous sub-Saharan countries. As Liquid’s existing and potential…

Read More
Business Investments Opinion Technology Technology Trends Telecoms

How cloud technology can boost economic development in Africa


Cloud technology could be a major enabler of economic development on the African continent – but some stubborn barriers need to be cleared first, says Andrew Cruise, Managing Director of vendor neutral cloud infrastructure provider, Routed.

The African continent represents 60 percent of the world’s arable lands and 30 percent of the earth’s mineral reserves – making it a rich continent in many ways. Yet it contributes only 2 percent of the world’s research output and lags behind in several key technological sectors. For the continent to achieve its potential and escape the unsustainable colonial development model of resource extraction, investment in digital competencies is crucial. In certain areas, the continent is faring reasonably well in this regard. Mobile penetration, for example, is skyrocketing – 615 million users in sub-Saharan Africa are

Read More
Business Government News Security Society Technology Technology Trends




The Honorable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami FNCS FBCS FIIM has said that it has become imperative to implement legislations that will ensure the protection and confidentiality of citizens data as part of the government’s responsibility to protect the lives and property of Nigerians.

Prof. Pantami made his assertion when he flagged off the “National Validation on Data Protection Bill” workshop organised by the Nigeria Data Protection Bureau (NDPB) in collaboration with the Nigeria Digital Identification for Development (ID4D) at the Nigeria Air Force (NAF) Conference Centre, Abuja.

In his keynote address, Pantami said that as part of efforts to sustain the country’s digital economy growth, it was crucial to have legislation that would ensure data protection considering the amount of data being generated in the country daily.

He said, “We know the data generated today is mind-boggling and we must therefore have regulations in place…

Read More
Announcements Business Gadgets Leisure News Society Technology Technology Trends

Garmin Enduro 2 ultraperformance smartwatch adds mapping, touchscreen and its longest-ever battery life


Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced the Enduro 2 ultraperformance multisport GPS smartwatch. Purpose built for endurance athletes, the rugged yet lightweight Enduro 2 includes built-in TopoActive maps with multicontinent coverage, a superbright LED flashlight and Garmin’s exclusive SatIQ™ technology to help optimize battery performance. What’s more, enhanced solar harvesting provides up to 46 days in smartwatch mode and up to 150 hours in GPS mode1 to outlast the longest ultra race or greatest adventure.

Crafted with premium materials for ultimate durability and comfort, Enduro 2 includes a lightweight and sophisticated titanium bezel and rear case, 1.4” Power Sapphire™ lens, Ultrafit nylon band for a secure and comfortable fit, and a new touchscreen interface that complements Garmin’s traditional button controls. During the day, Enduro 2 harnesses the sun’s energy to provide battery life of up to 150 hours in GPS mode and up to…

Read More
Business Energy Government Investments News Security Society Telecoms Tourism

Africas Economic Growth Decelerates Sharply


Africa’s economic activity is expected to expand by a moderate 2.7% in 2022 and 2.4% in 2023, following a rebound of 5.1% in 2021, according to the UN Conference on Trade and Development (UNCTAD) its Trade and Development Report 2022 .

As a result, an additional 58 million Africans will fall into extreme poverty in 2022, adding to the 55 million already pushed into extreme poverty by the COVID-19 pandemic, the report says.

“The economic slowdown causes further setbacks in the realization of the 2030 Agenda for Sustainable Development,” said UNCTAD Secretary-General Rebeca Grynspan.

According to the report, almost 60% of Africa’s low-income countries are already in debt distress or at high risk of it, as debt levels, both private and public, stand at record levels.

Besides, more than 60% of African countries need external assistance for food, with hunger further spreading across the continent.

Several new challenges

UNCTAD says the sharp economic slowdown…

Read More
Business Events Health Trends

mPharma Launches Hypertension Test and Treat Program to Control Hypertension in Africa


To celebrate world heart day, mPharma ( launched the Hypertension Test and Treat program (HTT) to support the prevention and control of hypertension in Africa. Heart disease is one of the greatest causes of premature death in Africa.The World Health Organization estimates that the prevalence of hypertension is highest in the African region, with about 46% of adults aged 25 years and older being hypertensive compared to 35% in the Americas and other HIC, and 40% elsewhere in the world. Hypertension is of public health importance in sub-Saharan Africa, particularly in urban areas, with evidence of considerable under-diagnosis, treatment, and control. There is an urgent need to develop strategies to prevent, detect, treat, and control hypertension according to a research by Julliet Addo et al.


The HTT program will be delivered through the company’s network of mutti pharmacies in Nigeria, Ghana, Kenya, Zambia with plans to…

Read More
Announcements Business Opinion

Keep customer promises to ensure success,Ukheshe appoints Lee Ziervogel as COO




In today’s fast-paced, wealth-driven world where customer service often ends at the point of sale, true business success requires solid, customer-centric ethics.


This is the belief of Lee Ziervogel, the newly appointed Chief Operating Officer at fintech enablement company Ukheshe. “This is especially important for a fintech company like Ukheshe. It’s essential to manage our clients’ journeys with our highly technical products, because if they’re successful, so are we.


“I love being surrounded by an ethically sound team that operates from these solid business principles. One of Ukheshe’s core focus areas is enabling financial inclusion, and enriching lives.”


Ziervogel’s people-centric approach ensured her success as President of Customer Delivery and Success at Ukheshe before stepping into the role of COO. She explains: “I was leading the part of the organisation that is responsible for ensuring we meet our promises to our clients. This needs to happen from several perspectives – regulatory and…

Read More
Business Events News Technology Technology Trends Telecoms

NCC, NLRC inaugurate committee to strengthen consumer protection

The Nigerian Communications Commission (NCC) and the National Lottery Regulatory Commission (NLRC) on Thursday in Abuja set up a committee to work towards the protection of the interest of telecom consumers against malpractices that may attend mobile lotteries in the country.
The Committee, which was inaugurated at the NCC Head Office in Abuja, was tasked with the responsibility of articulating measures to address mutual regulatory issues, including the review of revenue-sharing formula between Mobile Network Operators (MNOs) and lottery operators.
The NCC’s Executive Commissioner, Stakeholder Management (ECSM), Barrister Adeleke Adewolu, who presided at the meeting comprising senior staff of the two agencies, recalled fondly previous engagements between the agencies and stated that the committee was important in order to review and…

Read More