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Nigeria and electronic financial … …

A change still waiting to take place. By Iwa Salami 7 May 2023 Money is still king in ....

East London , Eastern Cape , South Africa , Airtel Africa , Central Bank , Inter Bank Settlement Scheme Instant Payment Platform , Central Bank Digital Currency , College Of East London , Conversation Africa , Wale Fatade , Iwa Salami , Wall Nigerian , Associate Professor , Creative Commons ,

Nigeria experiences surge in digital payments

Nigeria has experienced a surge in the use of digital financial services due to a botched banknote changeover and subsequent currency crisis. ....

Airtel Africa , Central Bank , Inter Bank Settlement Scheme Instant Payment Platform , Central Bank Digital Currency , Conversation Africa , Wale Fatade , Iwa Salami , Wall Nigerian , First African ,

Nigeria and digital banking: a revolution still waiting to happen

At the end of 2022 the Central Bank of Nigeria launched new banknotes. At the same time it also capped withdrawal of the new banknotes. The rollout of the currency change was shambolic. But it also led people to turn to digital financial services such as the use of point of sale (PoS) machines for payments in their transactions. Digital financial services are financial services which rely on digital technologies for their delivery and use by consumers. The Conversation Africa’s Wale Fatade asks Iwa Salami, an expert in financial technology regulation and financial regulation in emerging economies, to explain the increase and its implications. How did the botched currency changeover affect the way Nigerians used the banking system? ....

Airtel Africa , Central Bank , Central Bank Digital Currency , Inter Bank Settlement Scheme Instant Payment Platform , Conversation Africa , Wale Fatade , Iwa Salami , Wall Nigerian ,

Nigeria and digital banking: a revolution still waiting to happen

Nigeria’s Central Bank didn’t have an adoption strategy for its digital currency. It was a missed opportunity. ....

Airtel Africa , Inter Bank Settlement Scheme Instant Payment Platform , Central Bank , Central Bank Digital Currency , Conversation Africa , Wale Fatade , Iwa Salami , Wall Nigerian , Central Bank Of Nigeria , Currency Crisis , Digital Currencies , Mobile Apps , Mobile Money , Mobile Money Agents , Point Of Sale , Digital Banking , Online Banking ,

Nigeria and digital banking: a revolution still waiting to happen

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....

Airtel Africa , Central Bank Digital Currency , Inter Bank Settlement Scheme Instant Payment Platform , Central Bank , Conversation Africa , Wale Fatade , Iwa Salami , Wall Nigerian ,