Tag: #DigitalPayments
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GERMANY, AUSTRIA HANG ONTO CASH AS EUROPE GOES DIGITAL
Survey shows German-speaking nations still prefer banknotes while much of Europe shifts to cards and mobile payments. A new BearingPoint survey reveals that 73% of Germans and 71% of Austrians regularly use cash, bucking Europe’s growing trend toward digital payments. By contrast, cash use is falling in countries like Sweden (25%), Denmark (32%), and Finland…
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DIGITAL PAYMENTS LIGHT UP NIGERIA’S NIGHTLIFE
Moniepoint study reveals cash is fading as bars, clubs embrace digital transactions. A recent study by Nigerian fintech Moniepoint shows digital payments are now driving Nigeria’s nightlife economy, with bank transfers and card payments topping transactions at bars, clubs, and informal community venues. Cash is on the decline, largely due to security concerns. The report,…
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CBN WARNS AGAINST NAIRA MUTILATION, SHOWS OFF REFORM WINS
Keep the Naira clean, protect Nigeria’s economy! The Central Bank of Nigeria (CBN) has urged Nigerians to stop spraying, mutilating, counterfeiting, or hawking Naira notes, calling it a national duty to respect the currency. The warning came at the CBN Special Day during the 47th Kaduna International Trade Fair. Deputy Director Sidi Hakama highlighted the…
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FAAN LAUNCHES CONTACTLESS PAYMENT SYSTEM TO TRIPLE AIRPORT REVENUE
Nigeria’s airports go cashless to boost transparency, efficiency, and customer convenience. The Federal Airports Authority of Nigeria (FAAN) has introduced a contactless payment system at Lagos and Abuja airports under the “Operation Go Cashless” initiative, aiming to triple revenue by reducing cash handling. MD Olubunmi Kuku said this move ensures every naira due is accounted…
