Contactless payments will soon arrive on Nigerian shores, about two decades after some advanced countries started using it. Despite the huge benefits, however, contactless payments also carry some risks. To mitigate these risks, the Central Bank of Nigeria has recently rolled out guidelines on how best to operate this mode of payment and explained the roles of different stakeholders in the implementation of the scheme. It is important for stakeholders in the financial and business environments to understand their roles in the implementation of contactless payment. A contactless payment is simply a wireless financial transaction in which the customer makes … Continue reading The Need For Contactless Payments System In Nigeria