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Vanguard Money Digest

Services failures still rampant in e-banking

Despite several upgrades launched by almost all banks in the past one year, Vanguard MoneyDigest findings still show prevalence of malfunctioning systems across all services points provided by virtually all banks in the country.

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PoS Terminals : For a better user experience

Card payments on Point of sale (PoS) terminals in Nigeria have grown in volume from a paltry 5,000 monthly volume in 2011 to 30 million as at November 2018, all thanks to the success of the Cashless Nigeria initiative launched by the Central Bank of Nigeria, CBN, and all banks in Nigeria in 2011. About seven million cards made the 30 million card payments out of an estimated 40 million active cards in circulation in Nigeria; other cards were generally used on Automatic Teller Machines (ATM).

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The imperative, urgency of financial inclusion — NIBBS

The United Nations Development  Programme (UNDP) measures human development across countries in three basic dimensions: a long and healthy life, access to knowledge and a decent standard of living. Financial Inclusion on the other hand focuses on citizens’ access to financial services in such a manner that enables every adult citizen to realise his/her full potential and life aspirations.

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