As the Naira scarcity persists across the country, Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings has promised to ensure seamless transactions across all its electronic platforms.
Recall that Nigerians have been battling scarcity of the Naira since the Central Bank of Nigeria introduced redesigned notes and withdrawn the old notes from circulation.
With the redesigned Naira policy, the apex bank is pushing for reduction in the amount of Naira in circulation, while encouraging Nigerians to adopt an electronic payment system.
The apex bank stated that the policy encourages a reduction in the cost of banking services, drives financial inclusion, makes monetary policy effective in managing inflation, drives to modernise payment systems, and enables economic growth.
Stanbic IBTC has, therefore, urged the public to take advantage of its existing digital solutions and payment platforms that have been tailored to meet their needs, including the enhanced Point of Sale (POS), NQR, Stanbic Payment Gateway Service, Pay with Transfer, Pay with link and much more.
The Head of Partnerships at Stanbic IBTC Bank, Ms Omolara Osunsoko, said the digital evolution in the financial sector had seen increasing changes with a move towards technology-driven delivery channels.
According to her, this holds great promise as a means to enable financial inclusion and thus help improve citizens’ lives.
“The policy will be beneficial to consumers and merchants as we transit to a digital way of transacting that is convenient, secure and seamless. It will also help minimize financial risks and support business operations and reconciliation,” she noted.
Mr. Osunsoko also reiterated Stanbic IBTC’s commitment to financial inclusion over the years through digital and electronic solutions that simplify cashless transactions while offering an excellent banking experience for its customers.
On his part, the Head of Digital and e-Commerce at Stanbic IBTC Bank, Mr. Olutimi Ibrahim, noted the bank’s commitment in supporting the CBN’s cashless policy initiative and living up to its responsibilities of innovating alternative payment solutions.
“At Stanbic IBTC, we stand for innovative banking. This leads to creating digital solutions and optimising our platforms to perform instant transactions, eliminating the need to visit a branch.
“With the CBN’s directive on cashless policy, we are offering customers an array of electronic payment options for a seamless digital banking experience,” he said.
