Currently, statistics on business
transactions show that about N80 billion is electronically transferred daily
from one bank account to the other in Nigeria. This was disclosed by the new
Group Managing Director and Chief Executive Officer (GMD/CEO) of Diamond Bank
Plc, Mr. Uzoma Dozie.
Speaking on ‘Media Trends in Business
and Big Data Management’ at the Society and Technology Conference and
Exhibition 2014, which held in Lagos yesterday, Dozie noted that in compliance
with global financial trends and the Cash-Less policy of the Central Bank of
Nigeria (CBN) which is aimed to drive financial inclusion and reduce cash-based
transactions in the economy, electronic payment has created a new order in financial
transactions and allowed Deposit Money Banks (DMBs) the opportunity to create financial
products and services that are customer-centric.
According to Uzoma, e-money is
virtually stored monetary value in wallets or accounts, noting that the
platform allows the accountholder to access the value of the money with ease,
exchange and transfer electronically for business transactions and sundry other
payments.
No comments:
Post a Comment