They now ask their customers to make use of other means of payment other than cash after making purchases. Visits to some shops within the Lagos metropolis, showed that merchants have fully come to terms with the e-payment initiative. Omokehinde described the process as creating a world beyond cash where cashless transaction will assist in improving the lives of consumers and remove the risks associated with carrying, using and handling cash. Also, customers can make payment that run into millions using funds transfer from a customer’s account to a retailer’s account, or via electronic transfer using the customer’s ATM card, on any of the electronic channels provided by a merchant,’’ she said. ‘’For instance, transactions like payment of utility bills, school fees, hotel bookings, house rent as well as many other monetary transactions can take place via the internet. She said the advantage of the internet era is that people can buy and sell items of all sorts through the website. Store owners, who imbibe the cash-less payment system using any of the payment solutions, are assisting the country drive its yearning for cash-less society,” says Country Manager, West Africa Mastercard, Mrs Omokehinde Ojomuyide. However, the success story is that retailers have embraced the initiative in business transactions, reports TONIA ‘DIYAN. Before now, many had thought that the cash-less initiative of the Central Bank of Nigeria (CBN) would not achieve much success as it has within the short span of its introduction.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |