CBN Reintroduces Cashless Policy - Business (3)

CBN Reintroduces Cashless Policy - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › CBN Reintroduces Cashless Policy (29362 Views)

Re: CBN Reintroduces Cashless Policy by chiedu7: 7:40pm On Mar 28, 2017

When it comes to taking tax , then they remember the South.
Notice all but one are in the South for April 1st

Re: CBN Reintroduces Cashless Policy by teemanbastos(m): 7:45pm On Mar 28, 2017

princechurchill:
Bet9ja na una go pay for the charges waiting for weekend to come make i win this 4 mill Easter go hot

may una no forget your boy o

Re: CBN Reintroduces Cashless Policy by Aburi001: 7:57pm On Mar 28, 2017

989900:
Can someone please explain the above?

Thank you.

You no go School.... abi na 3rd class category you belong too? grin

1 Like

Re: CBN Reintroduces Cashless Policy by Nbg4real: 8:05pm On Mar 28, 2017

from my understanding even if you deposit 300, 000 to day and some one deposit 300, 000 next tomorrow to your account they will add the sum to 600, 000 and charge you the appropriate % even if it is 10 people deposit 100, 000 each and at different occasions:
Can someone please explain the above?

Thank you.

Re: CBN Reintroduces Cashless Policy by Nbg4real: 8:13pm On Mar 28, 2017

[Is Kano also southern state?
Notice all but one are in the South for April 1st[/quote]

Re: CBN Reintroduces Cashless Policy by Nobody: 8:37pm On Mar 28, 2017

For the first time. i was charged N50 stamp duty for a little deposit of N80k.
APCheats..

1 Like

Re: CBN Reintroduces Cashless Policy by exeasy(m): 8:38pm On Mar 28, 2017

yinkakani:
Well. . .I see business opportunities, who else is seeing them?

Pls sir share. I know whenever there's a policy change, a business window is open.

Re: CBN Reintroduces Cashless Policy by Daphoenix007(m): 8:59pm On Mar 28, 2017

wait, kwantinue, does dis Godwin Emefiele and is subordinate have brains atall? jus asking a question anyway.

Re: CBN Reintroduces Cashless Policy by Temptee101(m): 8:59pm On Mar 28, 2017

Nbg4real:
[Is Kano also southern state?
Notice all but one are in the South for April 1st

You were rushing to quote him without thinking properly. He said "all but one"

Re: CBN Reintroduces Cashless Policy by mayorkent(m): 9:09pm On Mar 28, 2017*

Re: CBN Reintroduces Cashless Policy by Unionised(m): 9:10pm On Mar 28, 2017

Freewoman:
BULLSHIIT, WHEN EVEN TO OBTAIN POS FROM STUPID BANKS FORE BUSSINESS IS LIKE GOING TO HEAVEN

Not the bank's fault you don't meet their criteria.

Don't gripe.

Re: CBN Reintroduces Cashless Policy by Unionised(m): 9:12pm On Mar 28, 2017

VivaDeAngelo:
Misplaced Priority...... You wake up and make policies that will soothe only the elites sorry the polithiefians and economic buccaneers. What about those guys at the Bank bulk room, what will happen to them? Your guess is as good as mine.
We copy other countries that have developed virtually all their sectors and have multiple employment avenues while we are still faced with large-scale infrastructural deficits mtchewwwwwwww....

Get understanding, quit whining....

Re: CBN Reintroduces Cashless Policy by chiedu7: 9:26pm On Mar 28, 2017

Nbg4real:
[Is Kano also southern state?
Notice all but one are in the South for April 1st

Which other northern state is their?

Re: CBN Reintroduces Cashless Policy by muyicomms(m): 9:49pm On Mar 28, 2017

Freewoman:
BULLSHIIT, WHEN EVEN TO OBTAIN POS FROM STUPID BANKS FORE BUSSINESS IS LIKE GOING TO HEAVEN

Search for unified payments on Google, send mail to them they will give u pos. free. they brought it to my shop.

Re: CBN Reintroduces Cashless Policy by adeborode: 10:15pm On Mar 28, 2017

yinkakani:
Well. . .I see business opportunities, who else is seeing them?

pls share with us

Re: CBN Reintroduces Cashless Policy by adeborode: 10:21pm On Mar 28, 2017

yinkakani:
Well. . .I see business opportunities, who else is seeing them?

pls chat me up 08059066742

Re: CBN Reintroduces Cashless Policy by flinton(m): 10:26pm On Mar 28, 2017

Itz time we start using Cryptocurrencies as means of payment

Re: CBN Reintroduces Cashless Policy by Ugosample(m): 10:35pm On Mar 28, 2017

To me, the policy is not a bad one....
It's a good one.
It's just that Nigerian people are problematic and like free stuffs too much

Why withdraw N3m cash without paying some charges?

Besides, how many Nigerians even have the 500k sef that they are all making noise? huh

1 Like

Re: CBN Reintroduces Cashless Policy by CFC1(m): 5:39am On Mar 29, 2017

automatix:
that depends on your bank. I still with GTB mastercard about 3 weeks ago but for some time now, I have only used Access Visa card.

what's d transaction rate now

Re: CBN Reintroduces Cashless Policy by Kingspin(m): 5:44am On Mar 29, 2017

We always in a hurry to go into some policies that are not popular. Why can't the authorities hurry for infrastructures like power, road, agriculture and put in good policies to ease way we do business and the rest. The best thing that would transform Nigeria over night is steady electricity and yet nobody knows exactly what is happening in that key sector. I see useless leaders of Nigeria every time.

Re: CBN Reintroduces Cashless Policy by nellyelitz(m): 7:17am On Mar 29, 2017

Please when is buhari going back... huh

Re: CBN Reintroduces Cashless Policy by Freewoman(f): 8:54am On Mar 29, 2017

muyicomms:
Search for unified payments on Google, send mail to them they will give u pos. free. they brought it to my shop.

Cute.....Are they banks or other approved financial institutions, do you know any of their T&C, I mean since you have been using them , how is their services, are they in all the states in Nigeria, just been curious please forgive me

Re: CBN Reintroduces Cashless Policy by Freewoman(f): 9:00am On Mar 29, 2017

Unionised:
Not the bank's fault you don't meet their criteria.

Don't gripe.

Haa, which one be meeting their criteria again, why are you/we talking about cashless policy, it has to be zero criteria to accommodate that crayfish seller in the market sq. i saw that POS has become electric power meter, ............they promise , you will never get,

Re: CBN Reintroduces Cashless Policy by charlsecy(m): 9:04am On Mar 29, 2017

989900:
Can someone please explain the above?

It means that if I have 2 accounts with Diamond Bank, for example, I will be charged if the total deposit/withdrawal on both accounts exceed the free limit allowed. They will assume it's one account.

Re: CBN Reintroduces Cashless Policy by Unionised(m): 10:12am On Mar 29, 2017

Freewoman:
Haa, which one be meeting their criteria again, why are you/we talking about cashless policy, it has to be zero criteria to accommodate that crayfish seller in the market sq. i saw that POS has become electric power meter, ............they promise , you will never get,

POS is free for the customer.

But the banks pay an average of 100k to provide one for you.

So they ensure that they only give VIABLE customers who can help them recover their INVESTMENT faster.

A viable customer guarantees constant transactions and a pre-agreed minimum transaction value on the machine.

Can you guarantee that?

If so, send me a mail.

Re: CBN Reintroduces Cashless Policy by Nobody: 3:31pm On Mar 29, 2017

ehissi:
Read very well. It says regardless of the channel of withdrawal or deposit.

Channels could be virtual or physical.

It not a cashless policy, it a new set of bank charges.........

They wan use people buy houses for Dubai like Buratai.....

It is for cash deposits and withdrawals only... please take note

Processing charges on cash deposits will be applied on transactions which are above the stipulated limits. These have been revised as follows:

Re: CBN Reintroduces Cashless Policy by Freewoman(f): 7:25pm On Mar 29, 2017

Unionised:
POS is free for the customer.

But the banks pay an average of 100k to provide one for you.

So they ensure that they only give VIABLE customers who can help them recover their INVESTMENT faster.

A viable customer guarantees constant transactions and a pre-agreed minimum transaction value on the machine.

Can you guarantee that?

If so, send me a mail.

Sorry dear, if i must guarantee 200k monthly as they used to say, what is the meaning of cashless policy?, this is to me a scam meant to further frustrate poor farmers, less income earners and other petty traders, They told us to have our ATM card that the machine works 24/7, Just try most of the ATM on Sundays , you will never get that cash for emergencies, many villages have to travel 3-5hours just to do banking transaction, We in this part of the world are not ready for this now, Why must bank set that stupid minimum transaction limit when small scale entrepreneur may not be able to meet up with that criteria, This is arrant nonsense of the highest order, please try to understand me , i am speaking from the poor man point of view where my monthly business capital is 150k, how can i meet up, but to make my business grow faster if I may require POS, shame to the country i belong , that their policy doesn't accommodate poor man, poor or average people were often neglected in almost everything ,

Please this is personal opinion

Re: CBN Reintroduces Cashless Policy by Freewoman(f): 7:27pm On Mar 29, 2017

muyicomms:
Search for unified payments on Google, send mail to them they will give u pos. free. they brought it to my shop.

Woow, this just worked, i dont have the beg stupid bank workers for anything, thanks, you are just too must, i got that without sweat

Re: CBN Reintroduces Cashless Policy by Unionised(m): 8:18pm On Mar 29, 2017

Freewoman:
Sorry dear, if i must guarantee 200k monthly as they used to say, what is the meaning of cashless policy?, this is to me a scam meant to further frustrate poor farmers, less income earners and other petty traders, They told us to have our ATM card that the machine works 24/7, Just try most of the ATM on Sundays , you will never get that cash for emergencies, many villages have to travel 3-5hours just to do banking transaction, We in this part of the world are not ready for this now, Why must bank set that stupid minimum transaction limit when small scale entrepreneur may not be able to meet up with that criteria, This is arrant nonsense of the highest order, please try to understand me , i am speaking from the poor man point of view where my monthly business capital is 150k, how can i meet up, but to make my business grow faster if I may require POS, shame to the country i belong , that their policy doesn't accommodate poor man, poor or average people were often neglected in almost everything ,

Please this is personal opinion

There is something for everyone.

Mobile Money will soon be relaunched.

Special POS Apps will soon hit the market.

Baby steps...

But grow we must.

FIAT currency is too expensive to produce.

Cashless it is...

Re: CBN Reintroduces Cashless Policy by SanMinato: 1:19pm On Mar 31, 2017

Unionised:
There is something for everyone.

Mobile Money will soon be relaunched.

Special POS Apps will soon hit the market.

Baby steps...

But grow we must.

FIAT currency is too expensive to produce.

Cashless it is...

You're right. We must grow, and it's been coming.

Banks like Union Bank today are providing very efficient POS services for businesses and entrepreneurs thereby making the transition to a cashless society seamless.

A cashless society is definitely a step in the right direction.

Re: CBN Reintroduces Cashless Policy by VivaDeAngelo(m): 7:51am On Apr 02, 2017

Unionised:
Get understanding, quit whining....

You don't know anything.

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