Cashless economy: NIPOST partners eTranzact over implementation

WITH some few weeks to the commencement of the Central Bank of Nigeria's cashless economy initiative, the Nigeria Postal Service (NIPOST) has announced its partnership with eTranzact International Plc to ensure successful implementation of the policy across the country.The partnership, according to NIPOST will position it as a financial institution that will deliver epayment services to Nigerians.According to the Deputy Postmaster General NIPOST, Mr. Yashim Isa Bitiyong, 'The introduction of this range of financial services at the Post Office counters will enhance NIPOST service delivery and customer satisfaction.'Bitiyong also stated that the scheme would boost the CBN's cashless policy initiative, as it will operate on cashless basis using eTranzact electronic payment platform.eTranzact, which provides a range of world-class epayment solutions that offers cardholders secured, convenient and discount services at over 3,000 merchants outlets nationwide using the Genesis card, noted that Genesis Card is a highly secured card as it leverages on the eTranzact Strong Authentication (ESA) solution.eTranzact said the ESA is a one-time dynamic PIN generated through the cardholder's mobile phone or web account, which gives authorization before any transactions can be process.Group Head, Business Development of eTranzact, Mr. Adeyemi Adeyemo, said: 'This partnership will give cardholders access to epayment services anytime, anywhere. NIPOST has over 1,500 outlets nationwide and with this partnership we have brought epayment services closer to Nigerians.
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