Vice President and Area Business Head West Africa, Mastercard, Omokehinde Adebanjo has said that African countries share some of the world’s highest speeds of digital growth with people now constantly in pursuit of faster and more convenient ways of paying for goods and services.
Foremost African financial institution, Guaranty Trust Bank plc has reaffirmed its position as a leading provider of e-payment solutions with the introduction of a new service that allows customers receive Western Union funds directly into their GTBank account via any of the Bank’s Automated Teller Machines (“ATMs”) in Nigeria.
Guaranty Trust Bank Plc has reaffirmed its position as a leading provider of e-payment gateway solutions with the recent launch of its Virtual Prepaid MasterCard.
The Central Bank of Nigeria (CBN) has introduced Electronic Payment Incentive Scheme (EPIS) to encourage the use of debit cards in line with its cashless policy of the apex bank.
The Managing Director and Chief Executive Officer, Heritage Bank Limited, Mr. Ifie Sekibo, said electronic payment transactions in the country grew from N18.1tn in 2012 to N35.1tn in 2014.