CBN unveils national card scheme, to stop dollar charges on domestic transactions | TheCable
Wasilat AzeezThe Central Bank of Nigeria , on Thursday, launched the Nigerian national domestic card scheme — an initiative to boost the country’s payments landscape.
According to Emefiele, the challenges financial inclusion in the country are the high cost of card services as a result of foreign exchange requirements of international card schemes, as well as the inability of existing card products to address local peculiarities of the Nigerian market.
Emefiele also said Nigerians could continue to use the existing payment cards in the country for transactions.
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