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LequteMan
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Nigeria: In a bid to encourage cashless policy, the Central Bank of Nigeria is working on a scheme that will make banks pay its customers cash gifts for using e-payment systems, Punch says.
Excerpt:
The Central Bank of Nigeria says it has approved an industry-wide incentive scheme and awareness campaign on electronic payment channels for stakeholders and users.
As a result, the CBN is collaborating with Deposit Money Banks through the Nigeria Inter-Bank Settlement System Plc to work out a system that will make banks to pay customers, merchants and salespersons for using electronic payment channels.
Some analysts see this as a gradual paradigm shift from the CBN’s punitive approach in driving the cashless policy to an incentive-based one.
The Electronic Payments Incentives Scheme will make bank customers, merchants and salespersons receive cash and gift rewards for using electronic payment channels.
click here to read more
#NIgeria #CBN #Punch
Excerpt:
The Central Bank of Nigeria says it has approved an industry-wide incentive scheme and awareness campaign on electronic payment channels for stakeholders and users.
As a result, the CBN is collaborating with Deposit Money Banks through the Nigeria Inter-Bank Settlement System Plc to work out a system that will make banks to pay customers, merchants and salespersons for using electronic payment channels.
Some analysts see this as a gradual paradigm shift from the CBN’s punitive approach in driving the cashless policy to an incentive-based one.
The Electronic Payments Incentives Scheme will make bank customers, merchants and salespersons receive cash and gift rewards for using electronic payment channels.
click here to read more
#NIgeria #CBN #Punch
