FinanceNews

Emefiele: Banks Should Adopt Tech Solutions To Enhance Payment Services

Emefiele: Banks Should Adopt Tech Solutions To Enhance Payment Services

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has called on banks in Nigeria to adopt technology tools in order to enhance the country’s payment service.

In a report filed by THE CABLE, Godwin Emefiele made this statement at the 31st seminar for financial correspondents and business editors which was held in Enugu.

The CBN Governor who was represented by the Deputy Governor of the Corporate Services Directorate, Edward Adamu, noted that the country’s payment method had gained a high level of confidence between 2015 and 2020 and has attracted investments of about $500 million.

THE CABLE reports that he noted that the robust payment method had continued to advance towards meeting households and businesses’ needs in the country.

Read Other Top News:

On the benefits of imploring technological tools, he stated, “Improving access to finance for individuals and businesses through digital channels can help to improve financial inclusion, lower the cost of transactions, and increase the flow of credit to businesses.” Jamb Results

As reported by THE CABLE, Godwin Emefiele said;

“This calls for an increased and intensive regulatory scrutiny on the part of regulators to proactively monitor developments and ensure the continuous safety and soundness of the financial ecosystem”.

“It is, therefore, imperative that regulators must keep pace with these exponential developments and leverage new knowledge and technology tools such as Regtech and Suptech to enhance the efficiency and effectiveness of their mandate. Information Guide Nigeria

“Over the past 14 years, the Nigerian payment system has evolved significantly with extensive technological development backed by deliberate enabling regulation by the CBN.

“This has, no doubt, accelerated the development of novel financial products, services and channels all of which have placed Nigeria at the fore of the financial innovation race.”

Check and Confirm: How much is Dollar to Naira Today        Pounds to Naira Today

👍Advertise your business on InfoGuideNigeria.com!

From just N4,999 per month, you can advertise your products and services to over 1,500,000 users on our website. Click here to read more.

👇👇👇👇👇

Information is Power!

Don’t miss any valuable information or opportunity that can change your life, business, and family positively and permanently.

👇👇👇👇👇

Click Here to Join our Google Group 

For Latest updates on News, Jobs & Business Ideas, and Opportunities.




Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
.

The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

.
We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.




🤑 Start Making Money from home today!

👉 Get the correct FREE FOOTBALL PREDICTION TIPS and Guides today. Click here

.

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

.

Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker