BDC Operators Seek CBN Approval To Digitalise Operations

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to grant Bureaux De Change (BDCs) digital

He said aside from providing employment for over 40,000 employees within the sector, digital autonomy for operators will usher in transparency, accountability and ease of supervision.

According to ABCON, now is the time for the CBN to democratise and centralise digital operational mechanisms for all BDCs, by granting all operators the autonomy to go digital. He said the naijabdcs.com platform inaugurated by ABCON in 2018 was a step by the group to digitise operations of BDCs in the country.

“Our members now record their transactions on Amazon Web Service online real time and extract their daily reports for return rendition. Operators have also integrated with NIBSS, Bank Verification Number verification and validation platforms,” he said.

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