CBN New Policy and the Way Forward

Product Updates - December 13, 2022

In light of the recent CBN policy, on December 6th 2022, the apex bank introduced guidelines in line with the Naira redesign policy that will impact how we receive payments, especially cash transactions.

This would lead to a growth in merchant payments, forcing the economy to switch to digital payment solutions through cards, transfers and other alternative payments.

With this in mind, we’re taking steps to accelerate better, faster, seamless solutions which we already have in the works; some of these solutions include but are not limited to;

1. Features to speed up merchant payment adoption

2. More digital payments solutions

3. Launch of business loans

4. Launch of business tools and digital customer support.

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