Kaduna State government has earmarked N350 million for the provision of 1,000 Point of Sale (PoS) machines for markets across the 23 local councils to facilitate cashless transactions in the state.
To resolve the challenges posed by the cashless policy among traders in the state, officials of Paynacle Company Limited, in conjunction with the state government, will make available the PoS machines to traders to curb the problem of fake cash transfers.
The state commissioned the Digital Lounge programme, yesterday, to facilitate easy business transactions among traders. Speaking at the occasion, the Managing Director of Paynacle, Bilikisu Abdul, expressed gratitude to the state government for creating a conducive environment for businesses.
She stated: “This latest support and encouragement have played a pivotal role in enabling us to expand our operations and bring innovative solutions to the people of Kaduna.”
“Our company distributes PoS machines across the 23 local councils. This is in response to the state’s recently signed Executive Order on Financial Inclusion in the state by Governor Uba Sani and a testament to our commitment to empowering businesses and individuals with easier and more secure payment solutions.”
According to her, the 1,000 machines are worth N350 million, adding: “We are committed to providing inclusive digital financial literacy and services to one million rural traders in the state to enable Kaduna meet the 95 per cent Central Bank of Nigeria (CBN) financial inclusion target by the end of January 2024.” She explained that the Digital Lounge by Paynacle is not just a physical space, but a hub of convenience and accessibility.
Meanwhile, the Special Adviser on Market Affairs to the Governor, Abdulrahman Muhammad, said the state introduced the digital programme to facilitate the cashless policy in the state, and to facilitate unhindered business transactions.
He lamented the problems of fake cash transfers, which traders were suffering in the state, pointing out that the PoS machines would boost the cashless policy in the various markets in the state.
