NIBSS concerned over slow adoption of cashless policy in Lagos

Governor of CBN, Sanusi Lamido Sanusi (in picture). NIBSS has expressed concern over the slow pace at which PoS merchants are embracing the cashless policy initiative introduced by the Central Bank of Nigeria to reduce growing dependence on physical cash for electronic alternatives.

  By Olubunmi Adeniyi Lagos. August 1, 2012: Despite the growing deployment of Point of Sale (PoS) terminals by banks for merchants to facilitate the cashless policy in the country, the scheme is still hampered by low level of enlightenment by end users resulting in slow adoption, the Nigeria Inter-Bank Settlement System (NIBSS) has said. [...]

With PocketMoni, eTranzact pushes easy access to financial transactions, CTO says

The approval to commence the operation essentially marks the beginning of mobile payment revolution in Nigeria and eTranzact says its Mobile Money service is designed to allow users conduct financial transactions anywhere, anytime to bridge the gap between the banked and the unbanked, the company says.

  By Olubunmi Adeniyi Lagos. July 16, 2012. eTranzact, one of the companies issued regulatory approval by the Central Bank of Nigeria has said its recently-launched PocketMoni will promote seamless financial transactions to complement the apex bank’s policy vision of fostering financial inclusion across diverse segments of the economy. Chief Operating Officer, eTranzact, Richard Omoniyi [...]

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