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Obinna Chima writes on the benefits of the recently introduced Nigeria Quick Response Code in the country, which is expected to improve settlement, promote financial inclusion, help bring cash-related activities into the ecosystem for a better economy and reduce the cost of processing cash There is no doubt that over the years, Nigeria has made noticeable progress in its desire to create a robust payment system through several reforms targeted at restoring confidence in the system. Indeed, a sound payment system infrastructure, where operators and customers can transact business with confidence and convenience, trust and timeliness, underpins many of these reforms.

Aishah ahmadObinna chimaPayment terminal service aggregatorCentral bankNigeria inter bank settlement system plcNigeria quick response codePayment systems visionNigeria quick responseQuick responseDeputy governorFinancial system stability directorateIndia singaporeApplication programming interfacePremier oiwohCode paymentsஓபின்ன சிமா