In the last decade, the Central Bank of Nigeria (CBN), the country’s financial watchdog, has implemented several policies designed to promote a cashless economy or a financial ecosystem that is driven largely by technology. The market and the people in the market have grown more sophisticated thus putting pressures on banks and financial players to up their games or else lose relevance to competing brands. Then of course, technology has completely altered the way banking services are delivered.



Under the CBN’s ‘cashless economy policy’, which kicked off less than five years ago, banks are forced to encourage their customers to do their banking transactions through several mobile and web windows. The result has been outstanding. More than 75% of Nigeria’s banked population either must do their daily transactions through ATMs, point of sales (PoS) or through the increasingly popular mobile banking.


http://itedgenews.com/2015/10/21/how-technology-is-changing-the-business-of-banking-in-nigeria/#

christopher123:

In the last decade, the Central Bank of Nigeria (CBN), the country’s financial watchdog, has implemented several policies designed to promote a cashless economy or a financial ecosystem that is driven largely by technology. The market and the people in the market have grown more sophisticated thus putting pressures on banks and financial players to up their games or else lose relevance to competing brands. Then of course, technology has completely altered the way banking services are delivered.



Under the CBN’s ‘cashless economy policy’, which kicked off less than five years ago, banks are forced to encourage their customers to do their banking transactions through several mobile and web windows. The result has been outstanding. More than 75% of Nigeria’s banked population either must do their daily transactions through ATMs, point of sales (PoS) or through the increasingly popular mobile banking.


http://itedgenews.com/2015/10/21/how-technology-is-changing-the-business-of-banking-in-nigeria/#

Na xo

And many more will still go.

the bankers seem fine with it dunno why you are bothered