Fintech

Cashless policy undermines confidence in banks - Fintech Association.

The Fintech Association of Nigeria has stated that challenges with the execution of the country’s cashless policy may erode customers’ trust in the banking system. It said increasing merchants’ demand for cash payment despite empty ATMs, putting overwhelming pressure on digital channels and causing PoS charges to inch closer to 50 per cent. According to the association, a cashless policy…
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