Adebayo Adelabu, Deputy Governor, Operations at Central Bank of Nigeria (CBN) has urged banks and Fintech operators to work hand in hand to reduce the cost of operations by increasing their shared services. Their collaborative work will, to a good extent, reduce the risk of cybercrime, hence increasing security for both parties.
He emphasised the importance of following directives from regulators promptly and not being lackadaisical.
Still speaking at the Electronic Payments Incentive Scheme Efficiency Award, he commended banks and e-payment operators for making life and payment a seamless process for users.
According to him, the e-payment platform has and continues to increase the efficiency of resource allocation and believes that only the surface has been scratched as the potential growth in the payment ecosystem is yet untapped, and should be utilised optimally.
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