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Nigeria Sees Surge in Online Payments Amid Scarcity of New Cash

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  • Nigeria Sees Surge in Online Payments Amid Scarcity of New Cash
  • February 20, 2023
  • A Nigerian banking report shows the volume of electronic payments has surged following cash shortages caused by a currency redesign. The Nigeria Interbank Settlement System says transactions increased by 55% in January alone. While the surge is seen as a positive move toward a cashless society, experts say Nigeria still faces challenges with online payments. Timothy Obiezu reports from Abuja, Nigeria.
  • Category Africa
  • Content Type Package
  • Language English
  • NewsML Media Topics Arts, Culture, Entertainment and Media
  • Topic Tags Nigeria
  • Network VOA
  • Expiration Date March 22, 2023 11:21 EDT
  • Embargo Date February 20, 2023 10:37 EST
  • Byline Timothy Obiezu
  • Brand / Language Service Voice of America - English
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