Business

CBN, NIBSS to introduce new National Card

CBNGovernor Emefiele

The innovations in the Nigerian financial sector keeps coming fast.

The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement Systems (NIBSS) will introduce a new national card to “improve the payment system” in Nigeria.

This card would be a direct competitor to the existing local and foreing cards currently in the system

It will also be used as means of identification and promote cashless transactions.

How do you feel using a payment card as your identity card?

Will it make online transactions safer? What happens if it is lost or stolen?

All these are questions Nigerians would have as the new National Card comes on board.

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