The company made the pledge in Lagos, at a two-day conference
organised by De Novo, a strategy consulting firm, in collaboration with
the Central Bank of Nigeria, the Nigerian Communication Commission
(NCC), the Federal Ministry of Communication Technology, Etisalat
Nigeria and other stakeholders.
Speaking at the event, Director, Business Segments, Etisalat Nigeria Mr. Lucas Dada, stated that Etisalat as the most innovative network in Nigeria was poised to aid the successful transition of Nigeria to a cashless economy, in line with the realisation of the federal government's agenda to become one of the top 20 economies by the year 2020.
According to him, Etisalat from an innovative point of view has developed products that are reliable, safe and secure to support the cashless policy one of which is the Etisalat Easywallet, adding that Etisalat never fails to comply directly with the regulatory policy of the CBN.
He further noted that the Network launched Easywallet last year, a SIM application solution for mobile money payments and transfers, aimed at providing secure and innovative payment solution to its customers, offering the service in a more convenient and secure platform. Etisalat, he also said partnered some Nigerian banks including First Bank, GTBank, Stanbic IBTC Bank, and Zenith Bank, and has continued to support cashless transactions around the country.
Meanwhile, the Lagos state Governor, Babatunde Fashola, who was represented at the event by the Accountant-General of the state, David Sunmoni, noted that Lagos is at the forefront of the nation's transition to a cashless society and has already begun playing participatory and supportive roles.
He disclosed that in Lagos state, laws have started evolving to cover electronic transactions and offer protection against electronic fraud, while empowering security agents to investigate and prosecute online fraud in a bid to ensure safety of online transactions in the state.
"We have also done a lot to increase citizens' information and computer technology literacy. This is why we are introducing e-learning centers in all our institutions and the establishment of a digital village in Ikeja designed to foster computer literacy among the residents of Lagos," he said.
Also speaking at the seminar, Deputy Governor, Operations, Central Bank of Nigeria, Mr. Tunde Lemo, said the time was right for Nigeria to transit into a full cashless economy after a successful one year test-run in Lagos state.
According to Lemo, the cashless economy policy was designed to promote financial intermediation, enhance financial inclusion, minimise revenue leakages and increase the internally generated revenue and reduce drastically the incidences of robbery.
Representatives from Interswitch, NIBSS, NCC, Federal Ministry of Communication Technology also spoke on the various infrastructure put in place to support the successful nationwide launch of the cashless initiative.
Speaking at the event, Director, Business Segments, Etisalat Nigeria Mr. Lucas Dada, stated that Etisalat as the most innovative network in Nigeria was poised to aid the successful transition of Nigeria to a cashless economy, in line with the realisation of the federal government's agenda to become one of the top 20 economies by the year 2020.
According to him, Etisalat from an innovative point of view has developed products that are reliable, safe and secure to support the cashless policy one of which is the Etisalat Easywallet, adding that Etisalat never fails to comply directly with the regulatory policy of the CBN.
He further noted that the Network launched Easywallet last year, a SIM application solution for mobile money payments and transfers, aimed at providing secure and innovative payment solution to its customers, offering the service in a more convenient and secure platform. Etisalat, he also said partnered some Nigerian banks including First Bank, GTBank, Stanbic IBTC Bank, and Zenith Bank, and has continued to support cashless transactions around the country.
Meanwhile, the Lagos state Governor, Babatunde Fashola, who was represented at the event by the Accountant-General of the state, David Sunmoni, noted that Lagos is at the forefront of the nation's transition to a cashless society and has already begun playing participatory and supportive roles.
He disclosed that in Lagos state, laws have started evolving to cover electronic transactions and offer protection against electronic fraud, while empowering security agents to investigate and prosecute online fraud in a bid to ensure safety of online transactions in the state.
"We have also done a lot to increase citizens' information and computer technology literacy. This is why we are introducing e-learning centers in all our institutions and the establishment of a digital village in Ikeja designed to foster computer literacy among the residents of Lagos," he said.
Also speaking at the seminar, Deputy Governor, Operations, Central Bank of Nigeria, Mr. Tunde Lemo, said the time was right for Nigeria to transit into a full cashless economy after a successful one year test-run in Lagos state.
According to Lemo, the cashless economy policy was designed to promote financial intermediation, enhance financial inclusion, minimise revenue leakages and increase the internally generated revenue and reduce drastically the incidences of robbery.
Representatives from Interswitch, NIBSS, NCC, Federal Ministry of Communication Technology also spoke on the various infrastructure put in place to support the successful nationwide launch of the cashless initiative.
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