Boost to Nigeria’s move to cashless economy

Central Bank of Nigeria

Central Bank of Nigeria

From OKORO CHINEDU in Lagos, Nigeria
LAGOS, (CAJ News) – THE Central Bank of Nigeria (CBN) and Nigeria Inter-bank Settlement System (NIBSS) have awarded local organisations steering the country’s plans towards a cashless economy.

According to the organisers, the Electronic Payment Incentive Scheme (EPIS) Awards are intended to identify, reward and celebrate financial institutions, merchants and other stakeholders in the electronic payment space for promoting and expanding the use of electronic payments in the country.

“We are delighted and proud to recognize, encourage, appreciate and reward financial, non-bank and other stakeholders in the EPIS that have been driving the growth of electronic banking channels in Nigeria,” Deputy Governor, Operations Directorate, CBN, Alhaji Suleiman Barau, said.

Managing Director, NIBSS, Adebisi Shonubi, said the event marked a memorable point for all the years of commitment put in by industry regulators and other stakeholders that had striven to drive the growth of electronic payment in Nigeria and the eventual transformation into a cashless society.

Interswitch, leading digital payments and commerce provider, has emerged as a multiple award winner at the maiden event held under the auspices the Electronic Payment Incentive Scheme (EPIS) Awards, held in Lagos.

Meanwhile, Interswitch Divisional CEO, Switching and Processing, Akeem Lawal welcomed the recognition and pledged the firm’s commitment to a cashless economy.

The company has for the last 13 years been at the cutting edge of the electronic transaction revolution in Nigeria.

“We are always excited about innovations that make transactions more seamless and efficient,” said Lawal.

“This latest recognition is more evidence of our unrelenting resolve to consistently provide best-in-class integrated transaction solutions that are secure, convenient and tailored to the requirements of the market,” added Lawal.

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Posted by on Mar 22 2016. Filed under Africa & World, Finance, Finance & Banking, National, News, Regional, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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