Releasing Nnamdi Kanu without trial reduces Nigeria to lawless state – Northern coalition to Buhari

Share and Enjoy !

Shares

The Central Bank of Nigeria (CBN) and key stakeholders in the payments system ecosystem, particularly Payment Service Providers (PSPs) and a large community of fintech groups, have risen from a one-day engagement session in Lagos, with a resolve to work together to ensure more adoption of the recently launched Central Bank Digital Currency (CBDC), the eNaira.

Speaking at the licensed PSPs engagement session held at the Radisson Blu Hotel in Lagos yesterday, CBN director, information technology department Mrs Rakiya Mohammed, clarified that the CBN was neither competing with the Deposit Money Banks (DMBs) nor other actors in the Nigerian payment system environment.

Mrs Mohammed explained that the engagement was in continuation of the Bank’s strategy to bring all stakeholders on board what she described as a journey, noting that the CBN was open to suggestions and innovation aimed at adding value to the eNaira and improving the user experience.

She therefore urged the payment service providers (including the large community of Fintech groups) to find more innovative ways to support members of the public, where possible, in the onboarding process and use of eNaira as well as develop solutions for offline eNaira functions including cards, wearables, USSD, among others.

While also admonishing the licensed PSPs to create additional use cases for the eNaira, she tasked licensed PSPs to create additional products and services across the full spectrum of the financial system using eNaira.

Mohammed further disclosed that the full implementation of the eNaira, which started with the onboarding of banked, would be done in four phases, culminating in offline eNaira payments solutions, cross-border payment and interoperability of the eNaira with those of other Central Banks.

READ  #EndSARS: US casts doubt on reports of killings at Lekki Toll Gate

Representatives of the different stakeholder groups welcomed the introduction of the eNaira and expressed support for its adoption and use. They also made value-add proposals for the market and integration process to drive financial inclusion by bridging the gap between the banked and the unbanked.

Going forward, the CBN team and the different stakeholder groups agreed to meet periodically to review the progress made to enable more Nigerians access eNaira, according to a statement that was issued on Monday.

On the CBN team were the director, banking services department, Samuel Okojere; director, payment system management depart, Musa Jimoh; director, risk management, Dr Blaise Ijebor; director, financial policy and regulations department, Mr Chibuzor Efobi; and the special adviser to the CBN Governor on payment systems, Mary Fasheitan.

The different groups present at the engagement were from Payment Service Banks, Switching and Processing companies; Mobile Money Operators; payment solution service provider; payment terminal service providers; and super agents.

Also present were representatives of the Chartered Institute of Bankers of Nigeria (CIBN); the Nigerian Inter-Bank Settlement System (NIBSS); shared agent network expansion facilities (SANEF); and the committee of eBanking industry heads.

Share and Enjoy !

Shares
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x