StandChart ends charges onr ATM withdrawals, transfers for customers
Leading international banking group, the Standard Chartered Bank has announced that henceforth, its customers withdrawing money from any of its Automated Teller Machines (ATM) will no longer be charged N65 no matter the number of times. The bank, which announced…
Why CBN pegged daily money transfer via mobile phones at N100,000
Fresh details weekend, emerged on why the Central Bank of Nigeria (CBN) has set the maximum amount a bank customer can transfer via mobile phones using shortcodes at N100,000 in a day. A terse statement signed by Director, Banking and…
Less access points frustrating ATM, POS usage—Experts
Experts in financial inclusion and digital transactions have revealed the reasons behind dwindling usage of payment platforms like Point of Sale (POS) and Automated Teller Machines (ATM) nationwide. Explaining the key reasons causing the hiccups, C-Founder of Lidya Group, Ercin…
Nigeria on average of one ATM to 3,556 customers—NIBSS Report
Latest report of the Nigeria Inter Bank Settlement System (NIBSS) accessed by Business Hilights has once again, exposed the inadequacies of Automated Teller Machines (ATM) deployed across the federation. According to the statistics, the number of ATM deployed in the…
