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E-banking critical to building a stronger Nigeria-Ibru

By Babajide Komolafe
Group Managing Director/Chief  Executive,  Oceanic Bank International Plc bank, Dr. Cecilia Ibru, has identified massive deploym

L-R: Yinka Adeyemi, Managing Partner, Intermarc Consulting Limited and Roland Obe, Group Executive, Card Services, Intercontinental Bank Plc at the Card Expo Gala Nite Dinner, held at Civic Center, Ozumba Mbadiwe Street, Victoria Island, Lagos last week
L-R: Yinka Adeyemi, Managing Partner, Intermarc Consulting Limited and Roland Obe, Group Executive, Card Services, Intercontinental Bank Plc at the Card Expo Gala Nite Dinner, held at Civic Center, Ozumba Mbadiwe Street, Victoria Island, Lagos last week

ent of electronic banking solution as a critical factor to building a stronger Nigeria
Speaking at the on-going 9th edition of Card Expo Africa, an international conference and exhibition on cards holding in Lagos, Ibru stated that the bank’s philosophy of building a stronger Nigeria would not be fully realized until electronic banking solutions are found to the banking transaction needs of the customers, especially those whose businesses cut across countries and continents.

She remarked that the e-products on offer by the bank at the conference would be a tip of the iceberg as the bank was already networking with several electronic solution providers across the globe  in the quest to fast-track the journey to a cashless society which everyone is craving for.

According to her, Oceanic Bank has not and would relented in its efforts at ensuring banking becomes one of the easiest transac-tions and made attractive through deployment of solutions fashioned after the specific needs of the customers and other users of the banking services.

Speaking to newsmen at the bank’s stand, she said Oceanic bank is one of the banks with an ever increasing footprint.
“We have made significant investments in electronic channels to ease our customers’ access to banking services and we will continue to do so, on an ongoing basis, pointing out that the bank was currently expanding its ATM network in urban and remote areas even as it has recently gone into the area of international cards to strengthen our electronic banking product offerings and also to give our customers access to banking services on a global stage.”

Ibru disclosed that in line with the move to swiftly move the country to a cashless market, Oceanic Bank has, within the past few months, unveiled MasterCard and V-Pay cards to its teeming customers and also to non-customers alike.
She noted that what has endeared more visitors to the Oceanic stand at the exhibition was the new V Pay card that recently debuted from the stable of the bank.

She said the V-Pay card is a chip enabled debit card linked to the cardholder’s current or savings account and facili-tates payments and transac-tions via several devices, including Automated Teller Machines (ATMs) and Point of Sale (POS) terminals at merchant locations displaying the V Pay and Visa logos in Nigeria only and can also be used to facilitate payments on the Internet.

“The unique feature of this card is that it provides the platform for the V-Money Transfer service thus it can be used to receive transfers from any Visa or V Pay cardholder locally (within Nigeria ) or internationally (from abroad to V Pay cardholders in Nigeria ).

“We believe that our participation at Card Expo Africa 2009 will provide the extra leverage to propagate Oceanic on the world stage.

“We see this as an opportunity to interact with key players in the electronic banking and payments industry in Africa and the rest of the world.

“We also look forward to making key contacts with experienced players that can add value to our business while also sharing experiences and exchanging views on global best practices in the electronic banking industry,” Dr. Ibru stated.


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