30 results
- 18 Jul 2015
NIBSS, Global Tech Giants Partner on Cashless Policy
Nigeria’s cashless policy agenda received a boost recently as the Nigeria Inter-Bank Settlement Systems PLC (NIBSS), in conjunction with two global technology giants, Samsung and International…
- 19 Mar 2012
Cashless Policy: Active PoS Terminals Hit 30,000
Chike Onwuegbuchi Cashless Policy: Active PoS Terminals Hit 30,000 Total active point of sale (PoS) terminals, electronic devices used for verifying and processing transactions at merchant locations…
- 14 Feb 2012
Interswitch Boosts Cashless Policy with Electronic Payment Solutions
The Cashless policy aimed at encouraging electronic-based transactions and reducing the amount of physical cash in circulation has been given a push by Interswitch with the availability of its…
- 23 Feb 2023
Sofri Saving Nigerians from Failed Banking Transactions Since Cashless Policy
Since the aftermath effect of the cashless policy, Nigerians have had a terrible time experiencing successful banking transactions made through their mobile apps and debit cards. More often, one…
- 8 Apr 2012
Cashless Policy: Disconnects Must be Fixed - Adeyemi
Adeyinka Adeyemi is a managing partner at Intermarc Consulting, an e-payment and e-banking intermediation company. The company organizes trainings, seminars, conferences and exhibitions and publishes…
- 29 Jun 2014
Stakeholders Gear Up for Nationwide Cashless Policy
Stakeholders in the e-Payment space are hopeful that the commencement of nationwide cashless policy this week will trigger a geometric growth in the deployment and use of Point-of-Sale (POS)…
- 15 Mar 2013
Senator Wants Legal Teeth for Cashless Policy
Senator Adegbenga Kaka, ACN, Ogun (East), has described the nascent cashless economy policy by the Central Bank of Nigeria (CBN), as a ‘good innovation’ by decried the lack of legal framework to…
- 12 Jan 2013
Experts Thump Up CBN’s Cashless Policy
The cash-less policy of the Central Bank of Nigeria (CBN) designed to reduce cash-based transactions is working despite the teething problems according to some experts who spoke to Nigeria…
- 21 Oct 2014
CBN, Reach Consult Cashless Policy Conference Begins Today
The annual stakeholders’ conference on the cashless policy organised by Reach Consult in collaboration with the Central Bank of Nigeria (CBN) begins today in Lagos. The 2-day conference, now in its…
- 22 Apr 2017
CBN Again Suspends Cashless Policy Implementation
In what could be described as a policy reversal, the Central Bank of Nigeria (CBN) on Friday suspended its earlier directive on the implementation of cashless policy. In a circular released on…
- 22 Mar 2012
CBN Reviews Cashless Policy
The Central Bank of Nigeria (CBN) has reviewed its cashless policy aimed at reducing the amount of cash in circulation. The apex bank said in a statement that the review of the policy was needed to…
- 19 Feb 2014
CBN Urges Nigerians to Embrace Cashless Policy
The Central Bank of Nigeria has again urged Nigerians to embrace the new cashless policy of the bank to enhance economic growth. Aaron Yeduma of the Shared Services Department in CBN, Abuja, made the…
- 1 Jul 2014
Cashless Policy Goes Nationwide Today
The Central Bank of Nigeria (CBN) will today begin the implementation of cashless policy in 30 states of the federation having completed phases 1 and 2 of the policy in six pilot states- Abia,…
- 26 Mar 2012
Cashless Policy to Raise Interbank Processing to Over N2.4tr
Transaction processing for banks and other financial services is set to surpass $15 billion (2.4 trillion) this year, as the Central Bank of Nigeria (CBN) intensifies implementation of the cashless…
- 8 May 2014
100m Mobile Phone Users can Support Cashless Policy - CBN
The Central Bank of Nigeria (CBN) says Nigeria has more than 100 million mobile phone users that can support cashless policy. Aaron Yaduma, Head of CBN’s Shared Services, stated this on Thursday at…
- 3 Sept 2013
FCMB Educates Customers Nationwide on Cashless Policy, Others
First City Monument Bank (FCMB) recently commenced a nationwide Customer Forum to educate their customers on the recent cashless policies of CBN and other banking issues, in its bid to step up…
- 25 Jan 2016
How Bank Restrictions Hobble Startups, Cashless Policy
Bank restrictions might be primary among reasons startups are foot-dragging on cashless policy implementation, investigation has shown. The unsavoury situation affects starts-ups in the e-commerce…
- 17 Sept 2019
CBN Slams Fess on Deposits, Withdrawals as Cashless Policy Goes Nationwide in 2020
Central Bank of Nigeria (CBN) has that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said this in a circular to all Deposit Money Banks (DBN) in…
- 11 Nov 2020
British Envoy Lauds Lagos Govt on Cashless Policy and Financial Inclusion Drive
Ben Llewellyn-Jones, British Deputy High Commissioner (DHC) has lauded Lagos State for driving cashless policy and financial inclusion in Nigeria He stated this on Wednesday, while delivering a…
- 8 Sept 2022
E-commerce Firms Promoting Nigeria's Cashless Economy Policy
With the innovations by e-commerce platforms, more Nigerians including retailers are keying to the cashless policy of the Central Bank of Nigeria (CBN). The policy is targeted at tackling some of the…
- 15 Aug 2012
Customs, Others Hindering Cashless Policy - Chukwu
Osita Chukwu, national chairman, Save Nigeria Freight Forwarders Importers and Exporter Coalition (SNFFIEC) speaks about the economic losses and maladministration in the ports. According to him, some…
- 28 Mar 2012
Maltina Supports Cashless Policy with Promo
Maltina, Nigeria’s premium non-alcoholic beverage drink has reiterated its support towards Federal Government’s drive of a cashless society. According to Maltina, this has reflected in the…
- 21 Aug 2014
Cashless Policy: Medical Lab Council Embraces Remita
As part of efforts to ease payment processes and offer convenience to myriads of corporate organisations and individual members that make payment regularly, the Medical Laboratory Science…
- 4 Sept 2017
Experts Harp on Infrastructure Network, Awareness for Cashless Policy
Electronic payment operators have blamed the absence of robust infrastructure network and low level of awareness for the slow adoption of e-payment as a lifestyle. This is against the backdrop of the…
- 4 Jul 2014
SystemSpecs’ Remita Platform to Deepen CBN Cashless Policy
SystemSpecs Nigeria, an indigenous and wholly-Nigerian firm, has introduced Remita, a one-stop multi-bank shared services platform for processing e-payments, e-collections, e-payroll, and e-schedules…
- 14 Jan 2013
Banga, MasterCard CEO Applauds Cashless Nigeria Policy
Ajay Banga, president and CEO of MasterCard Worldwide said that Nigeria has witnessed a remarkable reform in its electronic payments sector over the past two years, with financial institutions,…
- 25 Jun 2012
Cashless: ‘Phobia for Electronic Mode of Payment is Real’
Despite the Cashless policy of the Central Bank of Nigeria (CBN) being a good concept, phobia for electronic mode of payment is real as most people prefer the usage of the traditional/manual system…
- 18 Jun 2012
Cashless: ‘Phobia for Electronic Mode of Payment is Real’
Despite the Cashless policy of the Central Bank of Nigeria (CBN) being a good concept, phobia for electronic mode of payment is real as most people prefer the usage of the traditional/manual system…
- 26 Aug 2012
CBN Urges Support for Cashless Project
Central Bank of Nigeria (CBN) has called for concerted effort by stakeholders to ensure the success of the cashless monetary policy arguing that the policy would lead to the attainment of the…
- 7 Mar 2015
Dissecting CBN’s Cashless Programme In A Cash-Oriented Society
In 2012, when the Central Bank of Nigeria introduced the cashless policy, the crux of the objectives was to encourage more electronic-based transactions for payments of goods, services, and…