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Nairaland Forum / Nairaland / General / Business / CBN Moves To Enhance Mobile Payment System (4554 Views)
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CBN Moves To Enhance Mobile Payment System by mukina2: 12:38pm On Jul 20, 2012 |
Determined to instill confidence in the Nigerian payment system, the Central Bank of Nigeria (CBN) is currently collaborating with the Nigeria Deposit Insurance Corporation (NDIC) to provide insurance cover for the mobile payments in the country. http://www.businessdayonline.com/NG/index.php/banking-a-finance/41513-cbn-moves-to-enhance-mobile-payment-system |
Re: CBN Moves To Enhance Mobile Payment System by hammedkola(m): 3:14pm On Jul 20, 2012 |
This will be nice, but i will only use it if all network operators' signal is available in my village... ![]() ![]() |
Re: CBN Moves To Enhance Mobile Payment System by ebamma(m): 3:17pm On Jul 20, 2012 |
we dont even trust the atms in banks,why does the cbn think we will trust our phones in making payments 1 Like |
Re: CBN Moves To Enhance Mobile Payment System by a1solution: 3:21pm On Jul 20, 2012 |
Nigeria is moving forward, the only drawback is electricity which would be a thing of the past soon! 1 Like |
Re: CBN Moves To Enhance Mobile Payment System by mrperfect(m): 3:27pm On Jul 20, 2012 |
I think is a welcome development if NDIC will speed up their service, not taken half decade to process a request. |
Re: CBN Moves To Enhance Mobile Payment System by Abyjah: 3:30pm On Jul 20, 2012 |
Time to acquire some madt hacking/phreaking skills! |
Re: CBN Moves To Enhance Mobile Payment System by sylve11: 3:38pm On Jul 20, 2012 |
After 100,000,000 people are done with it without complains, then i will give it a try. ![]() |
Re: CBN Moves To Enhance Mobile Payment System by otokx(m): 3:40pm On Jul 20, 2012 |
Most banks are having issues with their network and ATMs, why do we keep deceiving ourselves in this country? |
Re: CBN Moves To Enhance Mobile Payment System by Ogbodavies(m): 3:45pm On Jul 20, 2012 |
No comment now. straight 2 fast food joint ![]() |
Re: CBN Moves To Enhance Mobile Payment System by Michky: 3:46pm On Jul 20, 2012 |
mrperfect: I think is a welcome development if NDIC will speed up their service, not taken half decade to process a request.Thank God. Some1 finally spoke my mind. Imagine losing your 3month salary in a mobile payment transaction and geting a refund after 5years. Come today, come tomorrow. |
Re: CBN Moves To Enhance Mobile Payment System by inspirenet: 3:48pm On Jul 20, 2012 |
otokx: Most banks are having issues with their network and ATMs, why do we keep deceiving ourselves in this country? ![]() |
Re: CBN Moves To Enhance Mobile Payment System by Nobody: 4:07pm On Jul 20, 2012 |
Bullshit |
Re: CBN Moves To Enhance Mobile Payment System by edlion57(m): 4:31pm On Jul 20, 2012 |
sylve11: After 100,000,000 people are done with it without complains, then i will give it a try.i will be the second person after u ![]() sylve11: After 100,000,000 people are done with it without complains, then i will give it a try.i will be the second person after u |
Re: CBN Moves To Enhance Mobile Payment System by emsquare(m): 5:53pm On Jul 20, 2012 |
a1solution: Nigeria is moving forward, the only drawback is electricity which would be a thing of the past soon! Hopefully! |
Re: CBN Moves To Enhance Mobile Payment System by francis247(m): 6:41pm On Jul 20, 2012 |
a1solution: Nigeria is moving forward, the only drawback is electricity which would be a thing of the past soon!In your dreams. |
Re: CBN Moves To Enhance Mobile Payment System by nedostic: 7:16pm On Jul 20, 2012 |
I believe this a quantum leap by CBN and NDIC and its the right step in the right direction because consumer protection holds the ace to the success of any mobile banking(money) ecosystem. I am sure mobile money has come to stay in Nigeria. I am convinced that Nigerians would benefit from mobile money platforms if the regulators,policy makers, MMOs,banks,MNOs, and other stakeholders collaborate more in the area of risk management,interoperability,public enlightenment,financial/IT literacy, and incentivisation of agent networks. Nigeria is a huge market for mobile banking considering the fact that about 46.3% if not more Nigerians are financially excluded. M-PESA, the foremost mobile money platform ,is purely an African innovation,if Kenya can get it right in mobile banking;nothing stops Nigeria from getting it right given that our country has the biggest mobile market in Africa. Mobile banking is the way forward for financial inclusion,digital,and social inclusion for the critical mass of the Nigerian populace who are mainly in the rural areas. Mobile money(banking) adoption rate might be slow now but it would definitely succeed with time. It presents a huge commercial profits for not only the mobile money ecosystem players but also a veritable tool for economic growth in the country considering the network effect of mobile money. 1 Like |
Re: CBN Moves To Enhance Mobile Payment System by manny4life(m): 7:34pm On Jul 20, 2012 |
Talk about running before you can even crawl, ![]() ![]() ![]() In as long as this man is at the helm, Nigerian banks WILL NEVER be the same. |
Re: CBN Moves To Enhance Mobile Payment System by instinctg(m): 7:46pm On Jul 20, 2012 |
take it or leave it, mobile payments is the solution Nigeria . the world is moving in that direction and we should not be left out in that race. To me its safer ,faster and more convenient . eTranzact and a couple of mobile companies is in the fore front of innovative solutions. Join the winning team ! |
Re: CBN Moves To Enhance Mobile Payment System by bejay766: 11:29pm On Jul 20, 2012 |
otokx(m): 3:40pm Most banks are having issues with their network and ATMs, why do we keep deceiving ourselves in this country? Thank you! I do not know the reason for the hurry! |
Re: CBN Moves To Enhance Mobile Payment System by EdDave(m): 12:11am On Jul 21, 2012 |
Nigeria has 'managed' everything all her life. Bank capitalisation, Telecommunications, Power generation etc have crawled into our lives over the years, bringing us to where we are today. We do not have to wait for everything to be right before we start mobile banking. These same criticisms were made when GSM was been introduced in the country. And tho' we may not be where we want to be, we are not where we were years ago. So gradually, we are heading there. |
Re: CBN Moves To Enhance Mobile Payment System by StarrMatthieu: 2:26am On Jul 21, 2012 |
Great ![]() |
Re: CBN Moves To Enhance Mobile Payment System by elitejosef: 5:50am On Jul 21, 2012 |
just a 666 step, thank u Lord cox u'll soon come, boko repent or perish as usualjust a 666 step, thank u Lord cox u'll soon come, boko repent or perish as usualjust a 666 step, thank u Lord cox u'll soon come, boko repent or perish as usual |
Re: CBN Moves To Enhance Mobile Payment System by Kposkila: 7:11pm On Jul 21, 2012 |
a gud step in d wrong direction, d stagd is getin set, want to know? read ur bible! |
Re: CBN Moves To Enhance Mobile Payment System by nedostic: 10:34pm On Jul 21, 2012 |
Please let us desist from introducing baseless religious sentiments into issues. I advise anyone to always study the bible and totally avoid corrupting the word of God with hearsay. Please treat God's word with all due respect. There is no scripture to prove that mobile banking is in tandem with the mark of the beast. If you have scriptures,kindly prove me wrong. This post has nothing to do with religion. I do want anyone who is in doubt of M-PESA, to do a google search on it and find out the contributions of mobile money/banking to an average Kenyan rather than fumbling and wobbling in the ignorance of what you cannot prove in the bible. We should learn to contribute wisely to issues rather than feeding people with fictions and not facts. |
Re: CBN Moves To Enhance Mobile Payment System by Embdes(m): 10:35pm On Jul 21, 2012 |
Interested |
Re: CBN Moves To Enhance Mobile Payment System by Michky: 8:45am On Jul 22, 2012 |
nedostic: Please let us desist from introducing baseless religious sentiments into issues. I advise anyone to always study the bible and totally avoid corrupting the word of God with hearsay. Please treat God's word with all due respect. There is no scripture to prove that mobile banking is in tandem with the mark of the beast. If you have scriptures,kindly prove me wrong. |
Re: CBN Moves To Enhance Mobile Payment System by Michky: 8:56am On Jul 22, 2012 |
nedostic: Please let us desist from introducing baseless religious sentiments into issues. I advise anyone to always study the bible and totally avoid corrupting the word of God with hearsay. Please treat God's word with all due respect. There is no scripture to prove that mobile banking is in tandem with the mark of the beast. If you have scriptures,kindly prove me wrong.You sound like a stake holder who is desperate for returns on his mobile money investment. Let me guess: you are a pocketmoni agent that has been promised comission on every referal's transactions. Right? Greedy bas.tard. God punish you for being selfish in your thinking. God! With more nigerians like you, there's only one guarantee: This country is finished!! |
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