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Nigeria Sees Surge in Online Payments Amid Scarcity of New Cash


Nigeria Sees Surge in Online Payments Amid Scarcity of New Cash
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A Nigerian banking report shows the volume of electronic payments has surged following cash shortages caused by a currency redesign. The Nigeria Interbank Settlement System says transactions increased by 55% in January alone. While the surge is seen as a positive move toward a cashless society, experts say Nigeria still faces challenges with online payments. Timothy Obiezu reports from Abuja, Nigeria.

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