A statement signed by the Director, Payments System Management Department at the Bank, Sam Okojere, also announced a downward review of the Merchant Service Charge from 0.75 per cent capped at N1,200 to 0.50 per cent capped at N1,000
Browsing: Cash-less policy
According to Governor Ahmed, the cash-less policy requires to be pursued, not mainly by the CBN but by the Federal Government with the deployment of necessary infrastructure, especially power, while the apex bank must evolve critical success factors for the policy
He said that the policy would reduce robbery, kidnapping, election rigging and even leakage in government revenue “because nobody will be cheated by the electronic machine”