Month: May 2021

How to pay or receive money without using account numbers

Daily, more and more people are becoming more reliant on their smartphones to conduct financial transactions and practically all basic tasks expected of a bank. Like payment of bills, balance statements, credit transfers, reviewing transaction history, and many more. Now, banking apps have even more features than we thought banking could include. To this large extent, banking …

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VFD MFB introduces stamp duty charges effective June 1, 2021

In compliance with the directive from the Central Bank of Nigeria (CBN) to all Deposit Money Banks (DMBs) operating in the country, VFD Microfinance Bank operator of V Bank, Nigeria’s foremost digital bank, effective June 1, 2021, will introduce stamp duty charges to its customers. Stamp Duty is the tax government puts on legal documents, …

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