Central Bank of Nigeria’s (CBN) new cashless
scheme is now up and running in Lagos.
The aim of the programme is to reduce the
amount of cash used in transactions in
Africa’s most populous nation.
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Ingenicio, provider of payment solutions was
chosen by CBN to implement the service with an aggressive rollout
of POS terminals across the country.
Ingenicio said 14,000 of its terminals have
already been purchased by banks, including Guranty Trust (GT Bank),
Zentih Bank, united Bank of Africa (UBA) First Bank, First City
monument Bank (FCMB) Oceanic Bank, Unity Bank for a deployment in
2012.
“Taking customers beyond conventional payment
through value added services on the POS will greatly contribute to
the sustainable development of electronic payment in Nigeria” said
Gansirey Seck, managing director of Ingenico Nigeria.
As the project is expanded to the rest of
Nigeria, Ingenico claims it could end up supplying hundreds of
thousands of terminals over the next four years.
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