June 28, 2017

CASHLESS POLICY: FG TRANSACTS N12TRN ON E-PAYMENT PLATFORM

CASHLESS POLICY: FG TRANSACTS N12TRN ON E-PAYMENT PLATFORM
By Chima Akwaja

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With the take-off of the cashless policy across the 36 states of the federation yesterday, the federal government (FG) has conducted over N12 trillion transactions on the integrated government e-payment powered by a one-stop multibank electronic payments, e-collections, e-payroll and e-schedules platform, Remita.

 

Adopted by the Central Bank of Nigeria (CBN) as the e-payments and e-collections platform of the federal government and used by the 22 commercial banks, and over 400 microfinance banks (MFBs), the platform built by Nigeria’s software powerhouse, Systemspecs Limited, has significantly assisted government to revolutionise e-payment industry in Nigeria.

 

Read more here.

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