Nigeria launches domestic card scheme in cashless bid ...Middle East

Devdiscourse - Opinion
Nigeria launches domestic card scheme in cashless bid
source : Devdiscourse ( Middle East ) () 17
Nigeria's central bank on Thursday launched a domestic card scheme to rival foreign cards like Mastercard and Visa, hoping to enhance its drive to make Africa's biggest economy a cashless society and save the country foreign transaction fees. The announcement by Central Bank of Nigeria (CBN) governor Godwin Emefiele follows the bank's decision last year to phase out old higher denomination bank notes.

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