The Central Bank of Nigeria is poised to begin the rollout of the National Domestic Card Scheme The card scheme is billed to become operational on January 16, 2023
The card will, among other functions, unify payments in Nigeria, drive cashless transactions and promote transparency
The CBN, in partnership with the Nigeria Inter-Bank Settlement System (NIBBS), said the scheme will unify payments in Nigeria and bring in the unbanked population.
The New card is also expected to reduce demand for foreign exchange.