Payment Solutions

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 days are numbered now that more vending companies are installing cashless, smart technology machines, according to our […]

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 which includes signing on cheque truncating applications. The current cheque truncation regime is planned to reduce the […]

Stakeholders in Kano, have unanimously demanded for the postponement of the implementation of Central Bank of Nigeria’s cashless policy in the state. They spoke during a sensitisation seminar to flag off the policy in the commercial city of Northern Nigeria.  Speaking, Alhaji Garba Musa, Permanent Secretary  in the state’s Ministry of Lands and Physical Planning, […]

The Central Bank of Nigeria (CBN) has been called upon to conduct the cash-less sensitisation exercise in three major Nigerian languages so as to carry people at the grass-roots along. According to a cross section of people, who attended a sensitisation programme organised by the CBN, which was held on Tuesday at the Central Hotel, […]

In 2012, the Central Bank of Nigeria (CBN), introduced the catch phrase: “cashless policy”, many Nigerians were happy that at last the apex bank is taking banking and financing transaction to the next level. According to the CBN, the policy is aimed at reducing the amount of physical cash circulating in the economy and encouraging […]

The United States Mission has agreed to partner with the Uganda Wildlife Authority to install a cashless revenue collection system, aimed at improving financial management in Uganda’s national parks. Under this system, visitors to game parks will no longer need to carry huge sums of cash for transactions there. A card system will do, according […]

The Central Bank of Nigeria  initiated a cashless policy which kicked off using Lagos State to test-run the policy, tagged Cashless Lasgos started January 01, 2012. It’s actually 19  months after the commencement of the Cashless Lagos initiative; what do we get from it? What about acceptability? The successes and challenges therein. There has been enlightenment and […]

In order for mobile banking services to achieve a higher success rate in Nigeria, the Central Bank of Nigeria (CBN) has been advised by The Managing Director/ Chief Executive Officer, Mr Chris Ife, to consider the Kenyan mode The Managing Director/ Chief Executive Officer, Mr Chris Ife, while given out  this recommendation, pointed out that Kenya’s mobile […]

  Globasure  introduction of Point of Sale e-payment terminals has definitely usher in an era of cashless transactions along with its numerous attendant benefits in Nigeria’s Cashless Policy or Cash-lites. It is no longer a fact that Globasure Technologies Limited, Nigeria’s a financial technology and end-to-end payment Solutions Company has introduced a new bill payment […]

The Chief Executive Officer/Managing Director -Globasure Technologies Limited, Mr Chris Ife. When consulted in his office by News reporters concerning his view on the cashless mobile payments relates that mobile payment system is a very good approach to use in facilitating the ” Cashless Policy” especially in a time like this when there is a […]