Nigerian banks on Monday denied allegations of causing the scarcity of the redesigned naira notes across the country.
The Association of Corporate Affairs Managers of Banks (ACAMB), empathized with the public on the hardships consequent upon the rollout of the new notes and reviewed cashless policy.
The President, Rasheed Bolarinwa, said the fund was used in setting up and maintaining cutting-edge electronic channels in recent years as part of the ongoing commitment to seamless customer experience and real-time digital financial transactions.
He noted that from internet banking to mobile apps, Automated Teller Machines, ATMs; Point of Sales, PoS, merchants, mobile wallets, Unstructured Supplementary Service Data, USSD, codes, agents and digital franchise, 80 per cent of Nigerians now enjoy digital/cashless services.
ACAMB said the commitments have seen Nigeria rising steadily and recognised as having arguably Africa’s most advanced digital financial services industry and one of the world’s top 10 real-time payment markets.
The financial institutions declared their full support for the enhanced cashless policy championed by the Central Bank of Nigeria.
