Skye Bank deploys dual sim PoS terminals

FOR seamless operations in the new cash-lite economy, Skye Bank Plc (PoS) has concluded plans to roll out Point of Sale terminals with dual sims that will ensure 24 hours uninterrupted operation. This is in addition to its efficient fund transfer services, as well as, mobile and Internet banking facilities.The bank's Group Head, E-Channels, Chuks Iku, who disclosed this, said the dual sim PoS terminals would be deployed to merchants, hospitals, hotels, and retail outlets to facilitate payment for goods purchased and services rendered.According to Iku, all the bank's merchants and retail outlets have been profiled for Point of Sale (PoS) Terminal deployment based on market segments, value and frequency of transactions to boost the cash-lite project.Explaining the competitive edge that the dual sim PoSwill have over the other terminals, he said if one sim is down, the other would power the terminal and ensure continuous operation on a daily basis.According to a statement issued by the bank, Iku said large corporates and high net worth individuals would be availed of its fast and efficient funds transfer service, which can be initiated and concluded from the comfort of the sender's office.Under the funds transfer service, he said distributors, retailers and other large organisations could wire money to manufacturers using a very secure code provided by the bank thereby reducing the risks associated with cash handling.
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