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September 28, 2012

MasterCard supports Cashless Lagos initiative

MasterCard has announced its first partnership with a retail outlet in Nigeria to support the Cashless Lagos initiative, a programme put forward by the Central Bank of Nigeria to boost electronic payments in the country.

By Verdict Staff

MasterCard cardholders shopping at Flying Dove Limited, a chain of authorised distributors and operators of Sony centres in Nigeria, will qualify for a 5% discount.

MasterCard will also provide fraud detection training to Sony Centres staff members.

MasterCard said the partnership will contribute to promote the Central Bank of Nigeria’s Cashless Lagos initiative, which was launched in January 2012 to reduce the costs of handling cash and curb inefficiency and corruption.

Omokehinde Ojomuyide, West Africa country manager at MasterCard, said:  “We look forward to achieving our shared goal of a cashless Nigeria, where our dependency on cash transactions will be significantly reduced.”

 

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