PayLid

Central Bank Of Nigeria (CBN) Directives On Disbursement Of The Proceeds Of Foreign Funds

admin — Mon, 19 Jul 2010 04:05:09 +0000

In a circular dated May 07 2010, the CBN stated that they have observed with concern the high incidences of abuse pertaining to money transfers into Nigeria. As a control mechanism the following action points have been mandated by the CBN:

1. All in bound money transfers to Nigeria shall only be disbursed to beneficiaries through bank accounts.

2. Where the beneficiary does not have a bank account, payments shall only be made upon the provision of a satisfactory reference from a bank account holder confirming that the beneficiary is the bona fide owner of the funds.

The effect of the above CBN directive is that Western Union and Moneygram funds shall no longer be payable across the counter unless one of the two conditions as stipulated above are met.

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Please do not subject your loved ones to unnecessary hassles. PayLid provides direct and near instant money transfer to bank accounts of your loved ones and recipients, in addition to the convenience of online tracking and service, better fees and unbeatable exchange rates. Sign up today at www.paylid.com or call 1-800-928-7859.

What can PayLid do for you?

admin — Tue, 06 Jul 2010 21:09:47 +0000

For a good number of immigrants living abroad, conducting financial transactions has become easy: so easy it can be done on a phone. Paying bills, mortgage, transferring money to a friend, paying school and such, can be done in a breeze. Rarely does one write checks nowadays let alone physically visit a bank to conduct even big transactions. Yet to send a mere $50 to a loved one at home, there is little option than to get in a car and go line up at a store looking for a western union location. Then you have to call recipient to give the transaction details. And that’s just half of the battle. On the other end, the recipient has to take up another cross: physically go to a bank, where at the whims of bank officials, all kinds of stories develop. Example below typifies what people go through.

Bank Under Pressure Over Fraudulent Withdrawal Of Remittance From UK

That’s a tip of the iceberg: there are worse stories than that. If the money is collected before unscrupulous bank agents intercept the transfer, then recipient picks up hard currency to change in a black market with all the attendant risk: receiving fake notes, thieves accosting recipient on the way or worse still following the recipient home.

PayLid provides a refreshingly convenient and secure approach to money transfer and allows to sender to literarily sign up and send money to loved ones in a matter of minutes, directly into bank accounts of loved ones in several countries in Africa. In most cases recipient gets a notification when the transaction is consummated and at own leisure can withdraw amounts through an ATM or at bank. What is more, the fees charged are competitive, compared with alternative options.

What else would you like to do with your remittance? Pay school fees or hospital bills for loved ones? Or buy airtime or a bag of rice? These services are right around the corner. Stay tuned!

2010 AFRICAN MOVIE ACADEMY AWARDS: Figurine wins

admin — Sun, 11 Apr 2010 23:15:01 +0000

The acclaimed movie Figurine, featured at the premier of Africa Movie Night in Atlanta, and sponsored by PayLid won 5 awards at the African Movie Academy Awards (AMAA) held on April 10, 2010. The movie won the Best Picture, Best Performance By an Actor in a Leading Role’ (Best Actor): Ramsey Noah, AMAA ACHIEVEMENT IN CINEMATOGRAPHY, AMAA ACHIEVEMENT IN VISUAL EFFECT and HEART OF AFRICA AWARD FOR BEST FILM FROM NIGERIA. We congratulate the producer and director, Kunle Afolayan.

PayLid provides money transfer and e-commerce services to emerging markets starting from Africa. PayLid salutes the resilience, talent and creativity of African movie producers and directors as they set even loftier goals to make African movies become mainstream globally and set higher bar for quality and entertainment. We also congratulate all the winners.

Winners of the African Movie Academy Awards (AMAA) 2010—*Winners in bold.

BEST DOCUMENTARY
1. Wanba Ngoma (Tanzania)
2. Peace Wanted Alive (Kenya)
3. Bariga Boys(Nigeria)
4. En quette d’identite (Burkina Faso)
5. Innovating for Africa (Nigeria)

BEST SHORT FILM
1. Mahala – (Mozambique)
2. The Abbys Boys –(South Africa)
3. The Painter – (Uganda)
4. Suara La – (Nigeria)
5. The Camera (Nigeria)

BEST ANIMATION
1. Hanayns Shoe (Egypt)
2. Adventure of Alayo (Nigeria)
3. Zoodo – (Burkina Faso)
4. Lyrics – (Algeria)
5. One Step of Love (Algeria)

BEST FILM BY AN AFRICAN FILMMAKER IN DIASPORA

1. Soul Diaspora
2. Okra Principle
3. China Wahala
4. Crunch

BEST FILM IN AFRICAN LANGUAGE
1. Omo Iya Kan – (Nigeria)
2. Aldeweden – (Ethiopia)
3. Togetherness Supreme – (Kenya)
4. Imani – (Uganda)
5. Game of my life – (South Africa)

HEART OF AFRICA AWARD FOR BEST FILM FROM NIGERIA
1. Nnenda by Izu Ojukwu
2. Freedom in Chain by Bond Emeruwa and Fred Amata
3. The Child by Izu Ojukwu
4. Figurine by Kunle Afolayan
5. High Blood Pressure by Teco Benson

AMAA ACHIEVEMENT IN SOUND
1. The Tenant
2. Season of a life
3. Perfect Picture
4. I sing of a well
5. Soul Diaspora

AMAA ACHIEVEMENT IN EDITING
1. Season of a life
2. The Child
3. Perfect Picture
4. Heart of Men
5. Lilies of the Ghetto

AMAA ACHIEVEMENT IN ART DIRECTION
1. I sing of a well
2. Fulani
3. The Child
4. Figurine
5. Imani

AMAA ACHIEVEMENT IN MAKE-UP
1. Heart of Men
2. The Child
3. The King is Mine
4. I sing of a well
5. Fulani

AMAA ACHIEVEMENT IN COSTUME
1. Perfect Picture
2. Prince’s bride
3. The Child
4. I sing of a well
5. Lilies of the Ghetto

AMAA ACHIEVEMENT IN VISUAL EFFECT
1. The Child
2. Figurine
3. A sting in a tale
4. Fulani
5. Heart of Men

Best ORIGINAL SOUNDTRACK
1. Seasons of a life
2. Imani
3. A sting in a tale
4. The Child
5. Figurine

BEST PERFORMANCE BY A CHILD ACTOR
1. Teddy Onyago and Bill Oloo- Togetherness Supreme
2. Tobi Oboli – The Figurine
3. Feyisola Ewulomi – Champions of our Time
4. Treasure Obasi – Champions of our Time
5. Mfanafuthi Magudulela – Game of my life

MOST PROMISING ACTRESS
1. Martha Kisaka – Togetherness Supreme
2. Chelsea Eze – Silent Scandal
3. Martha Ankomah – Sins of the Soul
4. Ashionye Michelle Ugboh- Jungle Ride
5. Rahema Nanfuka – Imani

MOST PROMISING ACTOR
1. Wilson Maina – Togetherness Supreme (Kenya)
2. Wale Ojo – The Child (Nigeria)
3. John Dumelo – Heart of men (Ghana)
4. Pethro Tumba Mbole – A game of my life (South Africa)
5. Sunny Chikezie – Lilies of the Ghetto (Nigeria)

BEST PERFORMANCE BY AN ACTOR IN A SUPPORTING ROLE
1. Godwin Kotey- I sing of a well
2. Francis Duru – Nnenda
3. Yemi Blaq – High Blood Pressure
4. Adjetey Anang – The Perfect Picture

BEST PERFORMANCE BY AN ACTRESS IN A SUPPORTING ROLE
1. Doris Sakitey – A sting in a Tale
2. Funlola Aoifeyebi-Raimi – Figurine
3. Tapiwa Gwaza – Seasons of a life
4. Yvonne Nelson – Heart of Men

BEST PERFORMANCE BY AN ACTRESS IN A LEADING ROLE
1. Bimbo Akintola- Freedom in Chains
2. Jackie Appiah, Lydia Forson and Naa Ashokor, Mensa-Doku – The Perfect Picture
3. Stephanie Okereke- Nnenda
4. Flora Suya – Season of a life
5. Akofa Edjeani Asiedu – I sing of a well

BEST PERFORMANCE BY AN ACTOR IN A LEADING ROLE
1. Lucky Ejim – The Tenant
2. Majid Michael – Sin of a soul
3. Ramsey Noah – The Figurine
4. Odera Ozoka – Soul Diaspora
5. John Osie Tutu Agyeman – I Sing of a well

BEST SCREENPLAY
1. Season of a life
2. The Tenant
3. Freedom In chains
4. Guilty Pleasures
5. I sing of a well

AMAA ACHIEVEMENT IN CINEMATOGRAPHY
1. The Perfect Picture
2. Figurine
3. I sing of a well
4. The Child
5. The Tenant

BEST PICTURE
1. Seasons of a life (Malawi)
2. The tenant (Nigeria)
3. The Perfect Picture (Ghana)
4. The Figurine (Nigeria)
5. I sing of a well (Ghana)

BEST DIRECTOR
1. Shemu Joyah- Seasons of a life
2. Shirley Frimpong-Manso- The Perfect Picture
3. Kunle Afolayan – Figurine
4. Leila Jewel Djansi – I sing of a well
5. Jude Idada and Lucky Ejim – The Tenant

Uncle, I am poor, Please send me money!

admin — Fri, 12 Mar 2010 19:29:55 +0000

Seriously. That was the content of an email someone received from a relative. That is as clear a distress signal as you can get. And while a lot can be said for teaching a man how to fish, there are times when human compassion drives us just to give the fish. So next time you get a text or email like that, and you feel it in you to help, just do it. Use www.paylid.com and send money to Africa FAST! Send $50 for only $5 fee. You may not have solved the bigger problem, but you may have helped somebody eat, just for that day. On another day we will address concrete things we can do to develop Africa. Send money to Africa. Use Paylid.com

PayLid sponsors African Movie Night

admin — Mon, 01 Mar 2010 02:13:07 +0000

At a sold out movie screening in the heart of Atlanta’s premier arts arena, the High Museum, a wildly appreciative crowd clapped and laughed and gasped at the scenes of the “Figurine”, the new acclaimed African movie produced and directed by Kunle Afolayan. Featuring Ramsey Nouah and a talented cast of African actors and actresses, the film weaves an unpredictable plot of friendship and love, superstition and culture and presents the question of whether or not man makes his own luck.

The director, Kunle, who graced the occasion talked at length about the movie, its production, his travails in creating a unique and different “movie product” and brand and efforts to elevate the African movie industry to new creative heights. He also answered questions from an enthusiastic audience who saw an African movie they were proud of. Kunle through his dogged and relentless efforts at raising the quality bar of African movies and his innovative approaches to monetizing his content, has demonstrated qualities that well meaning Africans can support and emulate and we are proud to be associated with him.

Cross-section of the audience at the movie premier

At the movie premier..

Figurine producer, Kunle Afolayan, at PayLd stand

Like Kunle, at PayLid we believe in the immense power of creativity, innovation and entrepreneurship in creating opportunities and transforming the continent of Africa and in projecting African ingenuity and capabilities. We aim to set the bar high for payment, ecommerce and remittance services to, from and within Africa. Try us today for your remittance, e-commerce and money transfer needs.

Support African Enterprises: Send Money Home

admin — Mon, 08 Feb 2010 04:53:49 +0000

At PayLid we support home grown African efforts to empower Africans both home and abroad. We identify with Africans who strive to contribute positively towards the upliftment of their communities and the society at large.

Apinke Magazine is one of such efforts that aims to showcase Africa’s rich and diverse cultures and highlight the positive contributions of African people with a view to encouraging other Africans to pursue excellence. The magazine presents balanced and informative content including lifestyle, culture, business, events features and money making articles. The theme of the premier issue is ‘African & Proud’! and it (the premier issue) presents a detailed country study of Ghana, including an interview with the Ghananian Vice President while also providing useful tips on how to stay ahead financially in 2010 via an article by Robert Kiyosaki, the author the acclaimed “Rich Dad, Poor Dad” book. The magazine highlights issues of African interest to Africans in the diaspora.

One of such issues is how to send money home safely, conveniently and cost effectively. Take John for example. He arrived in the US only recently and is just beginning to find his feet; yet expectations are high at home for him to send money to help his mother support his other siblings for school. PayLid offers John a way to put small amounts in his PayLid balance every week until he has enough to send to his mom. He can then send money directly to his mother’s bank account when he has enough accumulated in his PayLid account.

In the same vein, individuals can contribute little amounts into their PayLid balance to send home for specific causes or projects back home to “teach others to fish” and enlarge the revenue base and empower/support entrepreneurs who will employ others.

At PayLid, we will not rest until we enable seamless, convenient, fast and safe online payment that allows our members to send money to, from and across Africa without sharing personal financial information, with the flexibility to send money and pay using their account balances, bank accounts and debit/credit cards. This, we believe, will in turn drive global ecommerce to and from Africa creating a wave of innovation that will potentially drive employment, poverty reduction and economic growth across the continent. Try PayLid.com today: send money to Africa using our easy to use portal.

ePayment for Africa

admin — Fri, 22 Jan 2010 03:56:12 +0000

There is a huge demand for ePayment systems in Africa connecting countries within the continent and connecting the continent to the rest of the world.

Have you resided in Africa and felt cut out from the rest of the world unable to transact business online, sometimes in spite of all your knowledge and money? You are not alone. Today, if I reside in almost any country in Africa, I cannot pay or receive money for a legitimate transaction made on most websites, using Paypal and other globally accepted payment instruments. Even for South Africa which has a somewhat more developed financial system, Paypal does not allow residents of the country to receive payments.

“If I had a choice, I would not in any way be using PayPal at all, because as an African I’m only allowed to send funds through their service and not receive funds.
There are countless affiliate marketing programs, that I wish I could join and sell these products on my website, however because these publishers offer payment through PayPal, I’m not able to join.
It’s unfortunate that PayPal, haven’t seen the bigger picture”

Above is a typical statement about the problem faced by people living in Africa in transacting legitimate business online because of a lack of online payment options for African residents. There is no doubt that the current arrangement is holding Africa and her residents back in many significant ways.

Many reasons are adduced to the lack of a viable and globally accepted payment infrastructure that allows people living in Africa from being full participants in global e-commerce market; chief among these reasons is the perception that Africa is “high risk” due to:

1. Credit card fraud
2. Lack of legal enforcement
3. Lack of integration of financial institutions to global networks.

These are legitimate concerns and it requires Africans to come up with homegrown solutions that address the concerns while at the same time operating best practice processes in risk management.

At PayLid we are committed to changing the landscape. We have built our platform with the end goal of safe, secure and seamless multi-channel, person to person transfer of money within, to and from Africa in mind.

Today you can fund your Paylid account via multiple options from cards to ACH. Today you can use your funded account to buy various items on our portal or to send money to your loved ones in Africa. Tomorrow, you will be able to send money from your balance to another PayLid account and the account holder will be able to withdraw the funds via their bank accounts. This will allow people to transact business seamlessly across the countries in which we operate.

Shortly we will provide remittance services to 21 countries in Africa; tomorrow we aim to cover all of Africa. Our goal is to facilitate ecommerce in Africa and have it drive productivity, jumpstart economic growth and create employment across Africa. Efficient payment systems are a critical component that will make this happen and we are committed to providing that.

It looks like a tall order but it’s possible. Sign up for a PayLid account today and send money home to your loved ones.

A giant from Africa

admin — Fri, 08 Jan 2010 04:51:02 +0000

Africa has a few giants. Some are giants in small frames who have taken on big dreams and left indelible trails; others are giants in size and in their commitment to making a difference. Dikembe Mutombo, a 7-2ft ex-NBA player, is in the latter category. Raising money to build a first class hospital (that employs 400 people and heals countless others) in his home country, the Democratic republic of Congo, Dikembe through his foundation has carried the banner of philanthropy and commitment to service to lofty heights.

At PayLid we identify with efforts to elevate Africa. Our platform, in addition to providing convenient money transfer services to our customers, also enables donations to community organizations, NGOs, schools, State Governments and other well meaning organizations at the forefront of development in Africa.

PayLid Donation Platform enables Africans in the Diaspora contribute little or big amounts to community organizations/associations, hospitals, NGOs, Old-Students Associations in their home countries to address specific developmental challenges. Contact us today if you have a need for this service or keep us in mind for when you do.

PayLid: Choice, Control, Convenience!

Sending Money Home to Africa

admin — Thu, 07 Jan 2010 02:58:14 +0000

For years, the African remittance market has exhibited a low level of competition with only two major money transfer companies controlling 65 per cent of all remittance payout locations. This scenario creates an irony where the people who need help the most (the hardworking immigrants in foreign lands and the families & loved ones back home to whom they send money) benefit the least because of the lack of innovation, anti-competititive practices and high fees offered by the incumbents, who have little stake in seeing the status-quo change or helping the recipients countries develop.

To change the current landscape, Africa and Africans must play a leading role in developing innovative and development-driven remittance transfer methods and products that will reshape the ability of financial services to reach rural areas and provide features that help development of the continent. The role of technology in deepening the marketplace and stimulating competition, in closing the gap between rural remittance recipients and financial services must be embraced. Such technologies include:

• Card, internet or mobile-based transfers
• Expanding payment networks to small-scale merchants

The challenges that lie ahead as technology takes the place of brick-and-mortar establishments must be seen as an opportunity for Africa to usher new services, tieing remittances more tightly to commerce and economic development of the recipients. Remittances can be a tool to grow the economic base of African countries.

At PayLid, we offer our customers, not only the ability to send money to Africa but also the choice to buy variety of items from local merchants who partner with us to deliver products to the recipients. Arrangements like this allow the merchants to grow their addresable market, from a small street corner in Makola market in Accra, to a global, worldwide market that the Internet offers. As the merchants’ market grows so does his need to hire a few more hands; and one merchant at a time, an ecommerce ecosystem is built that has the potential to fuel Africa’s economic growth. We also offer direct to account remittances that makes it unnecessary for recipients to risk their lives to queue up at a bank location everytime they have a remittance to pick up. In addition, Africans abroad can send money to their own personal accounts at local banks for use for persoanl projects or when they visit home, without any third party literarily getting involved in their business.

Join us as we innovate and make it easy for you, our customers, to trade without barrier to, from and within Africa. In the mean time, send money home to help pay those school fees. You would have done your own part; and it does have its reward. Use www.paylid.com.

Show love; Send money home via PayLid

admin — Wed, 06 Jan 2010 04:50:51 +0000

A young man was having some money problems having recently lost his job at a bank; he had run out of people to borrow from, to set up a small airtime resell business to feed his young family while he hussled for a proper job. He decided to call his Aunty in the US through a phone operator. After exchanging greetings, he says to his Aunty, “Aunty, I need to borrow two hundred dollars.”

At the other end, his Aunty in a tight spot tried her back-against-the-wall line, “Sorry, I can’t hear you, son, I think there may be a bad line.”

The boy shouts, “Two hundred. I need two hundred dollars!”

“Sorry, I still can’t hear you clearly,” says the Aunt.

The operator cuts in, “Sorry to butt in, but I can hear him perfectly.”

The Aunty retorts, “Oh, good. You send him the money then!”.

Hey, don’t be like the Aunty. Things may be rough here but they are even rougher back home. So if you are in a position to show love, just do it; send money to family in Africa today. Use PayLid.com for your money transfer to Africa! It’s easy, convenient and affordable. And most of all, its secure. With PayLid, you can track all your past remittances and see how your sent money has helped others get back on their feet.