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Banks reluctant to sign on cheque truncation applications

Only a few banks have adhere to CBN’s directive. Nigerian banks have not shown much eagerness to speed up the requirements of the Central Bank of Nigeria on cheque truncation, one of the fundamentals for a successful cashless policy…
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More hi-tech vending machines accepting mobile payments to boost sales.

Some estimates show the number of smart vending machines in the U.S. tripling to 2 million by 2018. You know that moment, when a vending machine rejects the dollar bill you just inserted. By spitting the money back, those…
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Banks articulates readiness to sign on iTeller, cheque truncation application

As the Central Bank of Nigeria (CBN)’s cashless policy shifts to other parts of Nigeria, the banks have further articulated their readiness to work with the CBN to replicate the cashless regime across the country. Some of the…
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