PayPal Finally Arrives Nigeria

Paypal Nigeria

(Reuters) – PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud.

Rupert Keeley, the executive in charge of the EMEA region of PayPal, the payments unit of eBay Inc, said in an interview on Monday the expansion would bring the number of countries it serves to 203.

Starting on Tuesday, consumers in Nigeria, which has 60 million users and has Africa’s largest population, along with nine other markets in sub-Saharan Africa, Eastern Europe and Latin America will be able to make payments through PayPal.

“PayPal has been going through a period of reinvention, refreshing many of its services to make them easier to use on mobile (phones), allowing us to expand into fast-developing markets,” Keeley said.

Once the services go live, customers in the 10 countries with access to the Web and a bank card authorized for Internet transactions will be able to register for a PayPal account and make payments to millions of sites worldwide.

Initially, PayPal is only offering “send money” services for consumers to pay for goods and services at PayPal-enabled merchant sites while safeguarding their financial details. This is free to consumers and covered by fees it charges merchants.

“We think we can give our sellers selling into this market a great deal of reassurance,” said Keeley, a former regional banking executive with Standard Chartered Plc and senior executive with payment card company Visa Inc.

PayPal does not yet cover peer-to-peer transactions, which allow consumers to send money to other consumers. It has not yet enabled local merchants in the new markets to receive payments, nor is it offering other forms of banking services, he said.

A 2013 survey of 200 UK ecommerce sites by Visa’s CyberSource unit estimated that 1.26 percent of online orders are fraudulent and that 85 percent of merchants expected fraud to increase or remain static last year.

CyberSource also estimated that suspicion of fraudulent transactions result in 8.2 percent of online orders in Latin America being rejected by merchants, compared with 5.5 percent in Europe and 2.7 percent in the United States and Canada.

Such fraud can include ID theft, social engineering, phishing and automated harvesting of customer financial data via botnets, or networks of computers controlled by hackers.

A total of 80 million Internet users stand to gain access to PayPal global services this week, including those in five European markets – Belarus, Macedonia, Moldova, Monaco and Montenegro, four in the African nations of Nigeria, Cameroon, Ivory Coast, and Zimbabwe, as well as Paraguay. Internet usage figures are based on research by Euromonitor International.

PayPal counts 148 million active accounts worldwide.

Last week, MasterCard Inc, the world’s second-largest debit and credit card company, and a PayPal rival in payment processing, said it was working with the Nigerian government on a pilot to overlay payment technology on a new national identity card.

PayPal has operated in 190 markets since 2007 and added three countries – Egypt, Georgia and Serbia last year. Roughly a quarter of the $52 billion in payment volumes PayPal reported in the first quarter of 2014 were for cross-border transactions. PayPal reported $1.8 billion in revenue during the period.

(Reporting by Eric Auchard; editing by Jason Neely)

Source: Reuters

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Apple Buys Headphone Maker Beats For $3bn

Apple Buys Beats By Dre

Apple has confirmed it will buy headphone maker and music-streaming service provider Beats Electronics.

The deal is worth a total of $3bn (£1.8bn), and is thought to be Apple’s biggest acquisition.

As part of the acquisition, Beats co-founders Jimmy Iovine and Dr Dre will join the technology giant.

Apple boss Tim Cook said the deal would allow the firm to “continue to create the most innovative music products and services in the world”.

Beats was founded by music producer Jimmy Iovine and the hip-hop star Dr Dre and until recently was best known for its headphones.

It started a subscription-based music streaming service earlier this year.

However, Apple already has its own iTunes store which is the world’s largest music download service. It also launched iTunes Radio last year.

That has made some industry watchers question the move.

Commenting on the deal, Beats co-founder Jimmy Iovine said: “I’ve always known in my heart that Beats belonged with Apple.”

“The idea when we started the company was inspired by Apple’s unmatched ability to marry culture and technology.

“Apple’s deep commitment to music fans, artists, songwriters and the music industry is something special.”

Source: BBC

Nigerian Communications Commission (NCC) Places Permanent Ban On Registration Of Old Sim Cards

The Nigerian Communications Commission (NCC), on Monday, permanently placed embargo on the registration of old Subscriber Identification Module (SIM) cards by telecoms providers.

ncc

The NCC Director of Public Affairs, Mr Tony Ojobo, made this known in an interview with the News Agency of Nigeria (NAN) in Abuja.

A SIM card is issued by telecoms operators to provide the individual user with the appropriate number recognised by that network after it has been inserted into a mobile phone.

Ojobo said the registration of old SIM cards ended in 2012, adding that network providers were only allowed to register new SIM cards.

‘‘Registration of new SIM cards was allowed to enable subscribers to have freedom of entry and exit from a mobile network to be able to switch to a new mobile network of their choice.

‘‘If the registration is stopped, how would foreigners that are coming to Nigeria or new citizens who are ripe to use mobile phones register? There is no time we can stop the registration.

‘‘What was stopped was the registration of old SIM cards after nine months that the official registration started, for old SIMs it has stopped, but for new it shall continue,’’ Ojobo said. Continue reading

Facebook Launches New Streamlined Look For Pages

A Streamlined Look for Pages

This week, we’ll begin rolling out a streamlined look for Pages on desktop that will make it easier for people to find the information they want and help Page admins find the tools they use most. Here are the key features of the update:

Streamlined Facebook Pages

Updated Page timeline design
The right-side column of your timeline now displays all your Page’s posts. This one-column display means that all of your posts will appear consistently on your Page and in News Feed. Continue reading

Facebook Launches 15 Seconds Video Ads

Facebook Video Ads

Facebook just announced that it’s starting to run the video ads that it started testing last fall.

In a company blog post, Facebook says it’s working with “a select group of advertisers,” and that users can expect to start seeing the ads “over the next few months.” The 15-second videos will start auto-playing without sound as they enter your screen, and if you tap, they’ll expand and un-mute.

Apparently the ad-buying process (which Facebook has been trying to simplify in other areas) will be “similar to how advertisers already buy and measure ads on TV.” The idea is to “reach a specific audience over a short period of time,” with ad delivery measured by Nielsen Online Campaign Ratings.

It’s probably safe to assume that not all users will be thrilled to see the new ads, particularly since the auto-playing aspect will make it easier for them to grab your attention. However, Facebook executives have said that introducing more ads into the News Feed has had a “limited or negligible impact” on user engagement. Continue reading

Twitter Click To Call?

Twitter Click to CallIs Twitter an environment in which consumers will use a click-to-call button? The developers certainly think so and the feature is set to be launched soon.

Click-to-call functionality in mobile search makes sense. Consumers are searching for a product or company and providing immediate access via mobile to make telephone contact sits well in that context.

But click-to-call on Twitter? It remains to be seen how many consumers take up the opportunity. Perhaps those who use the micro-blogging platform for customer service will have a need, but Twitter is essentially a social platform.

Nevertheless, a spokesman for Twitter has announced that a click-to-call button is currently being tested with a variety of brands. The aim is to increase users’ engagement with advertisers on the platform. Continue reading

Nigeria Oil and Gas Week: ICT & Software Solutions for the Oil & Gas Industry

NOG 2014

The Technical Seminars at the Nigeria Oil & Gas Week (NOG Week 2014) are free to attend and open to all oil and gas professionals in technical and operating roles. Register today for the opportunity to hear expert insights into technical and operational challenges that the Nigerian oil and gas industry faces.

18th March, 2014.

Session 1: ICT & Software Solutions for the Oil & Gas Industry
Analysing ICT & Software Solutions Needed within Oil & Gas Industry

12:30-12:35 Chairman’s Remarks
Jane Ngene, Geotechnical Engineer, Saipem

12:35-13:00 Information Technology Best Practices in International & National Oil Companies
David Haake, Oil & Gas Industry Solution Executive, IBM

13:00-13:25 Asset Performance Management
David Ade Thomas, Director, Business Development, Avila Consultancy / Bentley Systems

13:25-13:50 Improve Your Bottom Line – Leveraging Effective IT Applications with SAP for the Oil & Gas Industry
Arinzechukwu Okonkwo, Industry Value Engineer, Energy & Natural resources, SAP

13:50-14:15 Optimisation of Marginal Oilfields & Pipeline Monitoring Solutions
Uche NOnwudiwe, C.E.O, Coure Technologies

14:15 End of Technical Seminars Day One

Critical Flaw Discovered in Android Jelly Bean, KitKat

Android Critical Flaw VPN

NEW DELHI: A “critical flaw” has been detected in the virtual private network offered by Android operating systems in the Indian cyberspace leading to “hijack” of personal data of users.

Internet security sleuths have alerted consumers of this web-based service to guard against the spread of this virus which affects computer systems and mobile phones using the Android system.

The suspicious activity has been noticed in two Android versions: 4.3 known as ‘Jelly Bean’ and the latest version 4.4 called ‘KitKat’.

“A critical flaw has been reported in Android’s (virtual private network) VPN implementation, affecting Android version 4.3 and 4.4 which could allow an attacker to bypass active VPN configuration to redirect secure VPN communications to a third party server or disclose or hijack unencrypted communications,” the Computer Emergency Response Team of India (CERT-In) said in a latest advisory to users of this network. Continue reading

Facebook + WhatsApp; Spying At Its Best?

By Bernard Marr

FaceBook and WhatzApp

Facebook, the popular social network with over 1.2 billion users world wide, just got a lot bigger by buying WhatsApp, the text messaging app with almost half a billion users across the globe.

According to Mark Zuckerberg, Chairman & CEO of Facebook, the reason why Facebook paid $19 billion for WhatsApp is that there are not many other companies that can create a network of 1 billion users – and he believes WhatsApp will achieve that soon.

WhatsApp doesn’t really fit into the Facebook business model because it has always promised its users that it won’t sell ads. So how will Facebook get a return on their $19 billion? I believe that the answer is: by mining the data within WhatsApp.

Facebook is already a gigantic data mining paradise with unbelievable amounts of data at their disposal, all happily provided by us, the users of Facebook. We send 10 billion Facebook messages per day, click the ‘like’ button 4.5 billion times and upload 350 million new pictures each and every day. Overall, there are 17 billion location-tagged posts and a staggering 250 billion photos on Facebook. Continue reading

Samsung Galaxy S5 vs Apple 5S

samsung-galaxy-s5-vs-apple-iphone-5s

World smartphone leader Samsung on Monday (24 February) unveiled the company’s 2014 marquee phone Galaxy S5 in Barcelona a few days ago.

With the launch of Samsung’s new flagship smartphone, we have an opportunity to draw comparisons between the device and its rival Apple iPhone 5S.

To give a better perspective on the two devices, we compiled a list of standout features of the two smartphones.

Design and Build Quality:

Like all Apple devices, iPhone 5S is a premium smartphone. It boasts curvaceous candy bar body with aluminum alloy cover and, on the front, it features high quality display with Sapphire coated Home button which also houses the Touch-ID fingerprint sensor.

Galaxy S5 comes with the same rectangular bar shape with plastic (Polycarbonate) body, like its predecessors but one major improvement is that it boasts an enviable water-resistant certification and its perforated rear-cover offers a good grip to hold on to the phone.

Display:

Apple iPhone 5S flaunts a 4.0-inch widescreen retina display with 1136x640p resolutions and pixel density of 326 ppi (pixels per inch).

Though the body is plastic, Samsung Galaxy S5’s display is of top-notch quality, featuring rich Super AMOLED full HD (1920x1080p) screen with staggering pixel density of 430 plus ppi. Continue reading