The cashless policy received a boost last week with the announcement of a partnership between
In a statement announcing this development, Unified Payment said that, "With the eID card, citizens will have the ability to deposit funds, receive social benefits, pay for goods and services at Merchant locations within and outside
Under the processing arrangement, citizen's identity data will be hosted and managed exclusively by NIMC while payment data will be hosted and managed by Nigerian banks and Unified Payments, a leading payment transaction processing company owned by Nigerian banks."
In his remark, Mr. Agada Apochi, Managing Director and CEO of Unified Payments commended NIMC for the bold step and the technological achievement, saying that "this initiative will no doubt help to drive financial inclusion as well as further stimulate economic activities in the country in line with the Vision 2020 agenda".
Barrister Chris 'E Onyemenam, Director General and CEO of NIMC, said: "Unified Payments was chosen as the pilot processor of the payment aspect of the card based on its exceptional track record.
Being the first Processor in
Unified Payments prides itself in Leadership & Innovations in Payments being the first Nigerian organization to (i) be licensed as Principal Member of a global payment scheme (ii) Acquire EMV transactions (iii) be certified as EMV 3PP Processor; and (iv) acquire and process transactions based on Near-Field-Communication (NFC) technology.
Unified Payments® operates as a shared infrastructure for the banking community in
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