Currently, statistics on business transactions show that
about N80 billion is electronically transferred daily from one bank account to
the other in Nigeria. This was disclosed by the new Group Managing Director and
Chief Executive Officer (GMD/CEO) of Diamond Bank Plc, Mr. Uzoma Dozie.
Speaking on ‘Media Trends in Business and Big Data
Management’ at the Society and Technology Conference and Exhibition 2014, which
held in Lagos yesterday, Dozie noted that in compliance with global financial
trends and the Cash-Less policy of the Central Bank of Nigeria (CBN) which is
aimed to drive financial inclusion and reduce cash-based transactions in the
economy, electronic payment has created a new order in financial transactions
and allowed Deposit Money Banks (DMBs) the opportunity to create financial
products and services that are customer-centric.
According to Uzoma, e-money is virtually stored monetary
value in wallets or accounts, noting that the platform allows the accountholder
to access the value of the money with ease, exchange and transfer
electronically for business transactions and sundry other payments.
“The financial industry has moved through various stages; at
the moment value is being stored virtually. Customers have come to the
realization of the ease associated with e-money,” he stated.
Dozie further noted that Diamond Bank has risen to the
challenge of the new order of electronic banking through the development of
unique products like BETA, a product which incorporates the traditional method
of saving for customers who cannot visit the banking hall but their savings are
credited into their accounts and they receive an alert on their phones; Diamond
Y’ello Account, a product that enables MTN subscribers to open and operate from
their phones.
“Diamond Bank also has a mobile App which has functions for
financial transactions and lifestyle products. The App can be installed on
smartphones and tablets. Customers should not be put off from using this App
because it is easy to use, has functional content and secured platform for
business,” he added.
It can be recalled that Diamond Bank has been in the
forefront of introducing and optimizing the gains of technology in the
industry. Since December 2011 when the CBN introduced Cash-Less Nigeria,
Diamond Bank has remained on top of the list of banks to introduce real-time
electronic banking, Mobile banking App for Smart phones and tablets among
others.
8 Comments
Fine CEO. Congrats.
ReplyDeleteWithout electronic payment this won't be possible at all.
ReplyDeleteThey did well on that
ReplyDeleteYes, e - money is very enjoyable & gives comfort
ReplyDeleteI call it transaction with ease
ReplyDeleteWow nice one
ReplyDeleteCool
ReplyDeleteCash-Less economy rocks
ReplyDelete