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Sterling Bank’s PayWithSpecta To Boost Consumption, Sales

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Sterling Bank’s PayWithSpecta To Boost Consumption Sales, SiliconNigeria

Specta, Sterling Bank’s financial technology lending platform, has created a digital credit solution known as PayWithSpecta which allows customers to pay for goods in instalments, while merchants are credited instantly helping businesses increase sales. 

PayWithSpecta offers digital credit limits to customers to purchase items in-store at merchant locations or from merchant online platforms.  It also gives Merchants the opportunity to access credit for their business activities.

Consumers can make purchases at zero percent interest rate at designated stores for those who choose 30 to 90 days repayment tenor and as low as 1.75 percent monthly for tenors of 7 to 12 months repayment tenor.

Divisional head, retail and consumer banking at Sterling, Shina Atilola, who disclosed this in a statement issued by the bank recently, said the new product will enable customers to buy goods from merchants in-store and  from online platforms on credit. 

According to Atilola, customers can assess their credit limits via the PayWithSpecta platform, use their limits at the merchant’s store and even access 30 per cent of the limit as cash. This will enable customers spread payment up to 12 months while the merchant gets his payments upfront.

He explained that to sign up, customers will provide their basic information and the platform will give an instant credit decision all within five minutes, he said. “The website will then generate a Specta ID for the customer. The customer can then utilize the spending limit by providing the Specta ID at any of the bank’s partner stores (online or in-store) to conclude a purchase,” he stressed. 

He advised customers to do their shopping through PayWithSpecta with their Specta ID, saying, the Specta ID is the smartest way available in Nigeria to make purchases.

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Mobile Business

Glo Rewards Cashtoken Offers Customers More Prizes

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Glo Rewards Cashtoken Offers Customers More Prizes, SiliconNigeria

Globacom’s recharge-based loyalty programme, Glo Reward Cashtoken, has resumed again to give more benefits to subscribers. 

According to the company, the second season of the scheme was launched to give Glo subscribers who missed out on prizes in the first season the opportunity to win between N5,000 and N100 million in weekly lottery draws.

The program is packaged specially  for  existing and new Glo prepaid subscribers and is billed to hold  between 18th December 2020 and 31st March, 2021.

Globacom disclosed that,  like in the first season, Cashtokens will be earned by customers whenever they recharge, adding that each Cashtoken will give an assured cashback as  tokens will accrue to customers on every N1000 cumulative recharge within a calendar month.

 “To enroll for GloRewards, subscribers will Dial *777*6# and start recharging to earn Cashtokens. However, welcome Cashtoken awaits new customers on first recharge of N200 only, after which they will earn more Cashtokens on every cumulative recharge of N1000 during a calendar month”, the grand masters of data explained.

According to the network, subscribers who satisfy the eligibility requirements will continue to earn and accumulate Cashtoken, as there is no upper limit to accumulating Cashtokens. All cashtokens will be credited in a virtual wallet that is linked to the customer’s mobile number, the company added. 

Said  Globacom, “Subscribers will be able view and redeem their cashtokens by dialing *6700# to purchase airtime/data, pay electricity bills, pay CableTV bills or other payments. They can also transfer their accumulated cash tokens to the bank and cash out the equivalent value”,

Winners who emerged from different parts of the country in the first edition included   Anthony Iyemi, from Warri, who carted home N100,000; Mohammed Tijani, a Kaduna-based farmer, who  won N20,000, Ugochi Nwabikeze, a businesswoman in Onelga, Port Harcourt who got a prize of  N20,000; a student of  Ogun State Institute of Technology, Igbesa, Sarah Sadiq who won N20,00 and William Ubi, a Civil Engineering student of  the Cross River State who won  N200,000.

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Product News

Western Digital Unveils Portable SSDs Across Portfolio

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Western Digital Unveils Portable SSDs Across Portfolio, SiliconNigeria

Western Digital Corp has announced it’s now delivering 4TB* portable SSDs across its consumer brand portfolio. Giving consumers and professionals more space to create, the new drives are built to keep up with today’s high-quality content demands.

The four drives now offer gamers, content creators, enthusiasts and creative professionals the performance, durability and greater capacity they need to capture, move and save their files.  

Jim Welsh, senior vice president and general manager of Consumer Solutions Products, Western Digital, said, “This milestone allows us to deliver a new era of solutions with the capacity and performance our customers have been asking for. Our consumer brand products are used by millions of professionals and consumers around the world, and we continue to drive technology forward to deliver the performance, reliability and leading products they demand.”

Western Digital is focused on delivering industry-leading solutions that keep up with the rich content created by consumers and pros alike. Whether using your smartphone to capture family milestones, backing up or expanding your video game library, or in the studio or out in the field creating a feature film, the company’s range of offerings are built to reliably store today’s massive files.

“As a Director of Photography in film and television production, I rely on technology to achieve my creative vision and protect my work. SanDisk® SSDs are a critical asset when I’m out in the field or at the studio working with multiple 12K and 8K cameras,” said Sam Nicholson, ASC, SanDisk Extreme Team member.+ 

“High-capacity, high-performance SSDs make it easy to reliably manage these files, and the SanDisk Extreme Pro® portable SSDs are my go-to drive when I’m shooting on location. With added capacity, I have even more freedom to continue creating amazing content.”

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Verve Extends Promo by Two Weeks, Rewards 1,250 Customers

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Verve Extends Promo by Two Weeks Rewards 1250 Customers, SiliconNigeria

Verve International has extended its ongoing six weekly draws  ‘Good Life’ promo for Verve cardholders across the country by two weeks.

The company also rewarded 1,250 customers so far on the promo. The lucky 1,250 cardholders’ winnings amount to a total of N11.5 million out of the over N27 million in cash and airtime allotted for over 2,500 cardholders nationwide in the ongoing Verve ‘Good Life’ promo.

The Verve Good Life Promo which was initially slated to run from September 1, 2020 till November 29, 2020 has now been extended by two weeks, till December 13, 2020, to give more Verve cardholders the opportunity to participate and win cash prizes and airtime.

For the September monthly raffle draws, Verve rewarded 50 lucky cardholders with N50,000 cash prize each. Similarly, 300 Verve cardholders also emerged winners of the N10,000 cash prize in the weekly raffle draws, while another set of 300 cardholders emerged winners of airtime worth N5,000.

Among the 50 lucky cardholders that won N50,000 cash prize in the first monthly raffle draws were Anita Iwunze, an account holder with Zenith bank and Raheem Olatayo Ibrahim, an account holder with Wema bank from Lagos state. Iboro Henry John, an account holder with Skye bank from Akwa-Ibom state and Idris Yakubu Galadima, an account holder with First bank from Nassarawa state also emerged winners.

Speaking during the draws, the group chief marketing and communications officer, Interswitch Group, Cherry Eromosele, remarked that rewarding and making Verve’s esteemed cardholders happy is underpinned by the company’s core values.
She said: “we pride ourselves in empowering our loyal cardholders to enable them achieve their dreams. We understand these are indeed challenging times across the globe. For this reason, the Verve Good Life Promo is targeted at enhancing the living standards of our loyal cardholders and we will continue to champion this cause.”

Cardholders are expected to use their Verve cards frequently to stand a chance to win. For the Grand prize of N1 million, cardholders will have to use their cards 36 times within the next five weeks, across PoS terminals, ATMs, Web, and agent banking centres.
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