No doubt everyone is affected negatively in this era of cash restrictions and hoarding but the most impact is on transportation and market women\men.


Transportation section.

To pay transportation to commercial transporter is very difficult the fact that there is no uniform payment card as it's the case in other nations made the impact very high on both the passenger and driver/conduct.

I think this should be a great opportunity for digital payment platform like Opay, Palm pay, kuda, parallex etc to do aggressive marketing and deployment of other technology for this small payment that drive the economy.

These platform can be used to spreed account opening for many unbank people and strengthen the electronic payment method. Innovation in the use of ussd code to make small small payment should be deployed aggressively as they all have phones which is an infrastructure required. Also, this phone have an ID which is NIN so identity issue is resolved.

Telecom providers should be engaged in bulk purchase which will bring the cost to fee Kobo and economy can move.


Just imagine if you can transfer or made payments like you phone airtime balance, this will make it more accepted and accessible.

This model can be shared and spread to market most of them have basic gsm phone that can use ussd.

This will ease things and even bigger players like filling station, supermarket etc can also be brought onboard.

This is an opportunity not a disaster as it seems.

Electronic payment of MTN mobile money is another payment option that can come into this fold.